India, Saudi Arabia Invest Forum meets in New Delhi

15 Sep 2023 CW Team

The forum garnered participation from over 500 companies hailing from both India and Saudi Arabia. It served as the inaugural formal investment symposium between the two countries, building upon the Saudi Crown Prince's previous commitment to invest approximately $100 billion across diverse sectors of the Indian economy.

The Ministerial Session of the India-Saudi Investment Forum 2023 was jointly chaired by Shri Piyush Goyal, the Union Minister of Commerce & Industry, Consumer Affairs, Food & Public Distribution, and Textiles from India, and H.E. Mr. Khalid A. Al Falih, the Minister of Investment from the Kingdom of Saudi Arabia. In their collaborative address to the business community, the two ministers explored avenues for expanding bilateral cooperation across various sectors, encompassing start-ups, digital infrastructure development, closer collaboration between the business and investor ecosystems of both nations and the establishment of investment promotion offices.

The discussions also touched upon encouraging Saudi Sovereign Wealth Funds to consider direct investments in India, in addition to ongoing investments through funds. The ministers deliberated on the swift realization of partnership opportunities identified under the Committee on Economy and Investments of the Strategic Partnership Council. Furthermore, potential investment collaborations were outlined in domains such as food processing, logistics and infrastructure, healthcare, renewable energy, skill development, space, ICT, and digital startups.

In his welcome remarks at the forum, Shri Rajesh Kumar Singh, Secretary of the Department for Promotion of Industry and Internal Trade, emphasized the significance of the bilateral relationship and underscored the mutual benefits of enhancing economic and cultural ties between India and Saudi Arabia.

During the State Visit of the Crown Prince and Prime Minister of the Kingdom of Saudi Arabia, His Royal Highness Mohammed bin Salman bin Abdulaziz Al Saud, to India, a significant India-Saudi Arabia Investment Forum 2023 was convened in New Delhi. This event, organized by the Department for Promotion of Industry and Internal Trade under the Ministry of Commerce and Industry of India, in collaboration with the Saudi Ministry of Investment, marked a crucial milestone in the bilateral relationship between the two nations. The forum garnered participation from over 500 companies hailing from both India and Saudi Arabia. It served as the inaugural formal investment symposium between the two countries, building upon the Saudi Crown Prince's previous commitment to invest approximately $100 billion across diverse sectors of the Indian economy. The Ministerial Session of the India-Saudi Investment Forum 2023 was jointly chaired by Shri Piyush Goyal, the Union Minister of Commerce & Industry, Consumer Affairs, Food & Public Distribution, and Textiles from India, and H.E. Mr. Khalid A. Al Falih, the Minister of Investment from the Kingdom of Saudi Arabia. In their collaborative address to the business community, the two ministers explored avenues for expanding bilateral cooperation across various sectors, encompassing start-ups, digital infrastructure development, closer collaboration between the business and investor ecosystems of both nations and the establishment of investment promotion offices. The discussions also touched upon encouraging Saudi Sovereign Wealth Funds to consider direct investments in India, in addition to ongoing investments through funds. The ministers deliberated on the swift realization of partnership opportunities identified under the Committee on Economy and Investments of the Strategic Partnership Council. Furthermore, potential investment collaborations were outlined in domains such as food processing, logistics and infrastructure, healthcare, renewable energy, skill development, space, ICT, and digital startups. In his welcome remarks at the forum, Shri Rajesh Kumar Singh, Secretary of the Department for Promotion of Industry and Internal Trade, emphasized the significance of the bilateral relationship and underscored the mutual benefits of enhancing economic and cultural ties between India and Saudi Arabia.

Infrastructure Transport

13 Oct 2025

Tata, Airbus to Build India’s First Private Helicopter Line

In a landmark development for India’s aerospace sector, Tata Advanced Systems Limited (TASL) and Airbus will establish the country’s first private-sector helicopter assembly line in Vemagal, Karnataka. The facility will manufacture the Airbus H125 and H125M, marking a significant milestone in India’s push for self-reliance in aviation and defence manufacturing. The new Final Assembly Line (FAL) will produce the H125, the world’s best-selling single-engine helicopter, known for its versatility and performance in extreme environments. The first ‘Made in India’ H125 is expected to ro..

Infrastructure Urban

13 Oct 2025

NeGD to Support Bharat Taxi in Building Cooperative Ride Platform

In a significant move for India’s digital and mobility transformation, the National e-Governance Division (NeGD) of the Digital India Corporation, under the Ministry of Electronics and Information Technology (MeitY), has entered into an advisory partnership with Sahakar Taxi Cooperative Limited, the company behind Bharat Taxi — a first-of-its-kind, cooperative-led national ride-hailing platform. A Memorandum of Understanding (MoU) has been signed between NeGD and Sahakar Taxi to provide strategic advisory and technical support covering key areas such as platform integration, cybersecurity..

Technology

13 Oct 2025

MeitY Hosts Pre-Summit for India–AI Impact Summit 2026

The Ministry of Electronics and Information Technology (MeitY), Government of India, hosted a series of Pre-Summit events for the upcoming India–AI Impact Summit 2026 at the India Mobile Congress (IMC) 2025 in New Delhi. These sessions mark a key milestone ahead of the main summit, scheduled for 19–20 February 2026 at Bharat Mandapam, New Delhi. Delivering the inaugural address, S. Krishnan, Secretary, MeitY, highlighted India’s innovative and frugal approach to AI development. “We have adopted innovative means by learning from others’ experiences to build projects and products that..