India and Saudi Arabia reviewed cooperation in defence, trade, energy, technology, healthcare, and education during a meeting at the AIIB Annual Meeting in Doha.
Finance Minister Nirmala Sitharaman described Saudi Arabia as a trusted and valued strategic partner of India. The two countries discussed strengthening their cooperation in various sectors, including defence and security, trade, investment, energy, technology, healthcare, and education during the meeting with Saudi Finance Minister Mohammed Aljadaan. Notably, they welcomed the successful conclusion of negotiations on the India-Saudi Arabia Bilateral Investment Treaty, aimed at providing a stronger and more predictable framework for investments.
Ms. Sitharaman also held discussions with Switzerland’s AIIB Governor, Ambassador Pietro Lazzeri, regarding investment opportunities in India, including through the National Investment and Infrastructure Fund (NIIF) and the GIFT IFSC. Additionally, she met Nepal’s Finance Minister Swarnim Wagle to discuss flood recovery and bilateral projects, as well as the early operationalisation of the UPI-NPI digital payment linkage.
Source:
Akashvani News
