New Delhi, November 12: Union Finance and Corporate Affairs Minister Nirmala Sitharaman met Saudi Arabia’s Investment Minister Khalid Al-Falih in New Delhi on Wednesday. During the meeting, both leaders discussed the Bilateral Investment Treaty (BIT).
According to the Finance Ministry, the two leaders discussed the Bilateral Investment Treaty between India and Saudi Arabia and agreed on the need for its early conclusion to help unlock stronger two-way Foreign Direct Investment (FDI) and deepen cooperation.
In addition, both leaders reviewed the progress made in the Bilateral Investment Treaty between India and Saudi Arabia. A call was also made for the early conclusion of the BIT to further enhance mutual cooperation between the two countries.
It is noteworthy that India is Saudi Arabia’s second-largest trading partner, while Saudi Arabia is India’s fifth-largest trading partner. In the financial year 2024–25, bilateral trade between the two countries stood at USD 41.88 billion, with Indian exports at USD 11.76 billion and imports at USD 30.12 billion.
– Hindustan Samachar
(This story is a translated version from a syndicated Agency feed. Except for the headline, The content has not been edited by The Central Post staff.)
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