RIYADH: ºÚÁÏÉçÇø and India are strengthening bilateral investment and strategic partnerships as a 50-member Kingdom delegation toured three cities, holding meetings and workshops to enhance economic cooperation.
The Federation of Saudi Chambers organized a visit for a delegation from the public and private sectors, comprising senior investors from the Kingdom, to India as part of a program packed with economic and investment meetings and events across three Indian cities: New Delhi, Mumbai, and Visakhapatnam, according to the Saudi Press Agency.
The visit aimed to highlight investment opportunities and incentives in both ºÚÁÏÉçÇø and India, as well as the business environment and partnership prospects in strategic economic sectors.
It also reflects ºÚÁÏÉçÇø's commitment to diversifying its national economy under Vision 2030 by strengthening international partnerships, attracting strategic investments, and exploring collaboration opportunities in priority economic sectors, thereby reinforcing the Kingdom's position as a leading global investment hub.
In the Indian capital, New Delhi, the delegation held three economic events in collaboration with the Federation of Indian Chambers of Commerce and Industry, or FICCI, and the Confederation of Indian Industry, known as CII, with participation from numerous companies, authorities, and public and private entities from both countries.
The events included the Saudi-Indian roundtable for the automotive sector, aimed at strengthening investment and industrial partnerships between the two countries in the industry.Â
The discussions explored opportunities in manufacturing, supply chains, electric vehicles, and advanced technologies, supporting joint efforts to build a fully integrated and sustainable automotive industry.
Similarly, a Saudi-Indian roundtable for startups reviewed the Kingdom's Vision 2030 initiatives to position the Kingdom as a global hub for innovation and entrepreneurship, highlighting opportunities for collaboration in technology, innovation, and entrepreneurial investment.
On the sidelines of the meetings, the two parties signed a memorandum of understanding to manufacture production lines for sugar and feed agricultural products using advanced technologies.
Moreover, the Saudi-Indian Investment Forum discussed investment opportunities in strategic sectors such as food security, healthcare, infrastructure, and technology.
Additionally, a workshop featured high-level participation from officials and business leaders from both countries, aiming to strengthen investment partnerships and expand economic cooperation.Â
Discussions covered the investment environment in ºÚÁÏÉçÇø, regional headquarters programs, special economic zones, and opportunities for industrial and technological collaboration.
The workshop included parallel sectoral sessions in construction and real estate, healthcare, petrochemicals, and energy, with a focus on fostering sustainable investment partnerships between ºÚÁÏÉçÇø and India.
