ÑDz©ÌåÓý¹ÙÍøÊ×Ò³

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 â€� 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 â€� 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 Transport

Dassault To Build Falcon Jets In India With Reliance

Reliance Infrastructure Ltd’s subsidiary, Reliance Aerostructure, has signed an agreement with France’s Dassault Aviation to manufacture Falcon 2000 business jets in India, with the first batch expected to roll out from its Nagpur facility by 2028. This marks the first time a Falcon aircraft will be entirely built outside France.The announcement sent Reliance Infrastructure shares surging, hitting the 5 per cent upper circuit on the BSE. Anil Ambani, Chairman of Reliance Group, hailed the agreement as a “symbol of India’s technological and manufacturing strength�, adding that it aims..

Next Story
Infrastructure Urban

INDEA Lays Foundation for India’s First Auto Design School

The Indian School for Design of Automobiles (INDEA), the country’s first institute focused solely on automobile design and management, held its foundation stone ceremony at XLRI Delhi-NCR. The event was graced by Union Minister for Road Transport and Highways, Nitin Gadkari, who virtually unveiled the stone as Chief Guest.INDEA aims to become a premier talent hub, driving innovation in the Indian automotive sector. The school will focus on advanced design, mobility solutions, and sustainable practices, playing a vital role in shaping India’s transition from a cost-driven to a quality-led a..

Next Story
Infrastructure Transport

Karnataka Launches Global Innovation Hub at Airport City

The Government of Karnataka, in collaboration with Bengaluru Airport City Limited (BACL) and ANSR, has launched a global innovation hub named District I at Bengaluru Airport City's business park. The initiative aims to elevate India’s innovation ecosystem to a global scale by fostering collaboration among startups, academia, enterprises, and government bodies.District I will serve as a platform for deep-tech entrepreneurship, enterprise innovation, and commercialisation of academic research. It brings together Global Capability Centres (GCCs), IT firms, corporate labs, startups, venture capi..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement