+
PM Modi, Saudi Crown Prince Co-Chair Strategic Council Meeting
ECONOMY & POLICY

PM Modi, Saudi Crown Prince Co-Chair Strategic Council Meeting

Prime Minister Shri Narendra Modi paid a State Visit to the Kingdom of Saudi Arabia on 22 April 2025, where he was warmly received by His Royal Highness Prince Mohammed bin Salman, Crown Prince and Prime Minister of Saudi Arabia, at the Royal Palace in Jeddah with ceremonial honours.

The leaders held official talks and co-chaired the second meeting of the India–Saudi Arabia Strategic Partnership Council (SPC). HRH Crown Prince expressed strong condemnation of the recent terror attack in Pahalgam and conveyed heartfelt condolences for the lives lost, with both leaders reaffirming their commitment to combat terrorism resolutely.

During the meeting, the leaders reviewed the substantial progress made since the Council’s inaugural session in New Delhi in 2023. They commended the intensification of bilateral engagement across key sectors including energy, defence, trade, investment, technology, culture, and people-to-people relations. Prime Minister Modi conveyed gratitude for Saudi Arabia’s continued support to the Indian community and for the facilitation of Indian Haj pilgrims.

The two leaders welcomed the achievements of the High-Level Task Force on Investment, especially the reaffirmed commitment of Saudi Arabia to invest USD 100 billion in India. Key developments included plans for two joint oil refineries in India and advancements on taxation-related matters. PM Modi proposed greater economic collaboration through linking payment gateways and promoting trade in local currencies.

Strategic infrastructure initiatives such as the India–Middle East–Europe Economic Corridor (IMEEC) were also discussed, alongside broader regional and global matters of mutual concern.

The leaders endorsed the successful work of two ministerial committees under the SPC and announced the expansion of the Council through the creation of two new committees — one on Defence Cooperation and the other on Tourism and Culture — to reflect the deepening partnership in these spheres.

The visit also saw the signing of four bilateral Memoranda of Understanding (MoUs) in the areas of Space, Health, Sports (Anti-Doping), and Postal Cooperation.

Prime Minister Modi extended a warm invitation to His Royal Highness to visit India for the third meeting of the Strategic Partnership Council.

Prime Minister Shri Narendra Modi paid a State Visit to the Kingdom of Saudi Arabia on 22 April 2025, where he was warmly received by His Royal Highness Prince Mohammed bin Salman, Crown Prince and Prime Minister of Saudi Arabia, at the Royal Palace in Jeddah with ceremonial honours. The leaders held official talks and co-chaired the second meeting of the India–Saudi Arabia Strategic Partnership Council (SPC). HRH Crown Prince expressed strong condemnation of the recent terror attack in Pahalgam and conveyed heartfelt condolences for the lives lost, with both leaders reaffirming their commitment to combat terrorism resolutely. During the meeting, the leaders reviewed the substantial progress made since the Council’s inaugural session in New Delhi in 2023. They commended the intensification of bilateral engagement across key sectors including energy, defence, trade, investment, technology, culture, and people-to-people relations. Prime Minister Modi conveyed gratitude for Saudi Arabia’s continued support to the Indian community and for the facilitation of Indian Haj pilgrims. The two leaders welcomed the achievements of the High-Level Task Force on Investment, especially the reaffirmed commitment of Saudi Arabia to invest USD 100 billion in India. Key developments included plans for two joint oil refineries in India and advancements on taxation-related matters. PM Modi proposed greater economic collaboration through linking payment gateways and promoting trade in local currencies. Strategic infrastructure initiatives such as the India–Middle East–Europe Economic Corridor (IMEEC) were also discussed, alongside broader regional and global matters of mutual concern. The leaders endorsed the successful work of two ministerial committees under the SPC and announced the expansion of the Council through the creation of two new committees — one on Defence Cooperation and the other on Tourism and Culture — to reflect the deepening partnership in these spheres. The visit also saw the signing of four bilateral Memoranda of Understanding (MoUs) in the areas of Space, Health, Sports (Anti-Doping), and Postal Cooperation. Prime Minister Modi extended a warm invitation to His Royal Highness to visit India for the third meeting of the Strategic Partnership Council.

Related Stories

Gold Stories

Next Story
Infrastructure Urban

NABARD Holds Seminar on Vigilance, Integrity and Good Governance

National Bank for Agriculture and Rural Development (NABARD) organised a seminar on “Vigilance: Strengthening Integrity and Good Governance” on 25 August 2026 at its Head Office in Mumbai as part of the ongoing Vigilance Awareness Campaign 2026 being observed from 17 August to 16 November 2026, with the theme “Probity for Prosperity."" The seminar was graced by Suresh N Patel, Former Central Vigilance Commissioner, Government of India, as the chief guest and keynote speaker.  The programme was attended by G S Rawat, Deputy Managing Director, Dr Ajay K Sood, Deputy Managing Dire..

Next Story
Equipment

XCMG Unveils World's First 14,000-Ton Ring Crane for Heavy Lifting

XCMG has announced that the first main unit of the world's first 14,000-ton ring crane has rolled off the production line, marking a historic breakthrough in ultra-heavy lifting technology. Jointly developed by XCMG and Sinopec Heavy Lifting & Transportation Co., Ltd., the crane will be the largest-capacity ring crane ever built, setting a new benchmark for major construction projects worldwide.The crane features a modular configuration comprising two main units that work in tandem. The first main unit has completed final assembly and can independently perform lifting operations. Once both..

Next Story
Infrastructure Urban

Thriveni Logistics orders 200 tip trailers from Jagdamba trailers

Jagdamba Trailers (JTPL), one of India’s growing trailer manufacturers, has secured a significant order for 200 Tip Trailers from Thriveni Transport and Logistics Pvt. Ltd., a leading mining and logistics company serving operations across India and overseas.The order, placed for iron ore transportation, is a major milestone for JTPL, particularly as the company secured the business after competing with more than 10 established trailer manufacturers. It also strengthens an already successful relationship between the two companies. Approximately one and a half years ago, Thriveni Transport and..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

SPECIAL OFFER
QR Code