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PM Modi: Saudi Arabia is one of India’s most important strategic partners

Why is it in the news?

  • Recently, exchange of agreements occurred during the state visit of Crown Prince Mohammed Bin Salman of Saudi Arabia.
  • Saudi Arabia’s recent inclusion in BRICS adds to the importance of the visit.

More about the news

  • India and Saudi Arabia agreed to establish a joint task force to expedite the West Coast refinery project.
    • Both sides expressed full support for the $50 billion West Coast refinery project, with plans to channelize a $100 billion investment.
  • Discussions focused on various sectors, including defence, energy, security, education, technology, transportation, healthcare, tourism, and culture.
  • The partnership emphasizes comprehensive energy cooperation and upgrades energy ties.
  • The two nations aim to strengthen cooperation in defence and anti-terror efforts, with a focus on preventing access to missiles and drones for terror attacks.
  • The joint statement underscores collaboration on Yemen and Afghanistan, as well as India’s humanitarian assistance to Yemen.
India-Saudi Strategic Partnership Council (SPC)
  • The India-Saudi Strategic Partnership Council (SPC) was co-chaired by PM Modi and Crown Prince Bin Salman, signifying deepening ties between the countries.
  • The SPC, established in 2019, consists of committees on political, security, social, and cultural cooperation, as well as the economy and investments.
  • Various joint working groups (JWGs) operate under these committees, addressing specific areas of cooperation.

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