India welcomes investment from Saudi Arabia for infrastructure projects: PM Modi
SMART CITIES

India welcomes investment from Saudi Arabia for infrastructure projects: PM Modi

As reported, Prime Minister Narendra Modi has stated that India is keen on promoting its cooperation with Saudi Arabia, with a major player being investments in the infrastructure sector. During his visit to the Middle Eastern country, Modi emphasised that the two nations were bringing their forces together in a bid to reduce inequality and boost sustainable development. 

The visit comes in the backdrop of Saudi’s annual investor summit, the Future Investment Initiative (FII) where Modi will be speaking in relation to not only strengthening the economic ties between the countries but to also extend their cooperation across sectors like trade, investment, security and defence.

Reportedly, the Prime Minister, who already has a well-established relationship with the Saudi crown prince Mohammed Bin Salman, in an interview said that the kingdom played a highly important role in fulfilling India’s energy requirements. He added that it was a reliable source and that stable oil prices were pivotal for the growth of the global economy. 

With his second visit in three years, Modi put forward his plan to sign an agreement on a Strategic Partnership Council which is set to further cement the bilateral ties that will branch out to various sectors and segments. 

Additionally, the visit also witnessed the Prime Minister speaking on the subject of the global economy in relation to India – the role played by large developing countries will strongly determine any actual change in the economy in the world over. 

Apart from infrastructure projects, the country is all set to welcome investments from Saudi Arabia for its Smart City Program as well.  

As reported, Prime Minister Narendra Modi has stated that India is keen on promoting its cooperation with Saudi Arabia, with a major player being investments in the infrastructure sector. During his visit to the Middle Eastern country, Modi emphasised that the two nations were bringing their forces together in a bid to reduce inequality and boost sustainable development. The visit comes in the backdrop of Saudi’s annual investor summit, the Future Investment Initiative (FII) where Modi will be speaking in relation to not only strengthening the economic ties between the countries but to also extend their cooperation across sectors like trade, investment, security and defence.Reportedly, the Prime Minister, who already has a well-established relationship with the Saudi crown prince Mohammed Bin Salman, in an interview said that the kingdom played a highly important role in fulfilling India’s energy requirements. He added that it was a reliable source and that stable oil prices were pivotal for the growth of the global economy. With his second visit in three years, Modi put forward his plan to sign an agreement on a Strategic Partnership Council which is set to further cement the bilateral ties that will branch out to various sectors and segments. Additionally, the visit also witnessed the Prime Minister speaking on the subject of the global economy in relation to India – the role played by large developing countries will strongly determine any actual change in the economy in the world over. Apart from infrastructure projects, the country is all set to welcome investments from Saudi Arabia for its Smart City Program as well.  

Next Story
Infrastructure Energy

India Sees Strong Growth in Key Mineral Production in FY26

Following healthy production levels in the previous financial year (FY25), India has continued to witness strong growth in the production of several key minerals during the current fiscal year, the Ministry of Mines reported.Bauxite production rose from 1.87 million metric tonnes (MMT) in April 2024 to 2.13 MMT in April 2025, marking a growth of 13.9 per cent. Limestone output also increased, albeit more modestly, from 39.58 MMT to 40.5 MMT over the same period, up 1.2 per cent.Lead and zinc ore production grew from 1.24 MMT to 1.27 MMT, representing a 2.4 per cent rise. Zinc concentrate produ..

Next Story
Infrastructure Urban

Vedanta Explores Biodiesel Use to Cut Emissions in Odisha

On World Environment Day, Indian mining and metals giant Vedanta Ltd announced plans to explore the use of biodiesel in its commercial vehicle fleet at the Jharsuguda township in Odisha.Vedanta Aluminium, a subsidiary of the group, said it has committed to decarbonising 100 per cent of its light motor vehicle fleet by 2030. As part of this initiative, the company is evaluating biodiesel following successful pilot runs to assess its viability in its commercial vehicles.In addition, Vedanta has started using biomass briquettes made from agricultural residue for co-firing at its Lanjigarh alumina..

Next Story
Infrastructure Transport

Delhi CM Announces Rs 240 Bn Infrastructure Overhaul

Delhi Chief Minister Rekha Gupta has unveiled a Rs 240 billion infrastructure overhaul aimed at transforming the Capital’s road network.Speaking at a press conference on Wednesday, Gupta announced that key arterial roads — Rohtak Road (Punjabi Bagh to Nangloi), Ashram to Badarpur, and MG Road — have now been transferred to the National Highways Authority of India (NHAI). These routes will be upgraded into signal-free corridors featuring comprehensive infrastructure upgrades, including drainage systems, side lanes, and real-time monitoring technologies.“Previously, multiple agencies res..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Talk to us?