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India’s 2024 mission is to double the economy, take it to $5 trillion: PM Modi

Prime minister Narendra Modi is in Saudi Arabia on a two-day visit to attend an investment meet. The prime minister held bilateral talks with King Salman bin Abdulaziz Al Saud today.

By HT Correspondent | Updated: Oct 29, 2019 21:08 IST
India’s 2024 mission is to double the economy, take it to $5 trillion: PM Modi

Prime minister Narendra Modi, who is on a two-day visit to Saudi Arabia, held a bilateral meeting with King Salman bin Abdulaziz Al Saud at 5.30 pm.

He is going to deliver his keynote address at Future Investment Initiative (FII), followed by a meeting and a dinner hosted by Crown Prince Mohammed bin Salman bin Abdulaziz Al Saud.

In an interview with Arab News, PM Modi said that both the sides had “identified a number of areas of mutual interest and cooperation in the field of defence and security”.

08:18 PM IST

MoU for joint venture between India, Saudi for setting up refinery outlets in Saudi expected

The two countries are expected to finalise modalities for India’s single largest greenfield refinery to be built at Raigarh in Maharashtra with investments by Aramco of Saudi Arabia and Adnoc of the UAE. They expect to sign a MoU for a joint venture between Indian Oil Middle East and Al Jeri company for downstream cooperation in setting up retail outlets in Saudi Arabia.

07:58 PM IST

PM Modi arrives at venue for FII forum address

PM Modi has arrived at the venue for the Future Investment Initiative forum, where he will deliver his keynote address soon.

07:54 PM IST

'3 Saudi minister called on PM Modi during the day': Foreign Secretary

"Three Saudi Ministers called on PM today. Issues related to bilateral trade and investment, energy sector cooperation including strategic petroleum reserves and West Coast refinery, innovative technologies, skill development, agriculture and water-related cooperation were discussed," said foreign secretary.

07:44 PM IST

'Various agreements expected to be signed': Foreign Secretary

"MoU on Defence industry collaboration and agreement on secretary collaboration are among the agreements expected to be signed after the meeting," says foreign secretary.

07:39 PM IST

'Both leaders condemned terrorism in all forms' : Foreign Secretary

"Both leaders condemned terrorism in all forms," said TS Tirumurti, foreign secretary.

07:38 PM IST

'PM appreciated leaders' stand against terrorism': Foreign Secretary

"PM Modi met King of Jordan this morning. It was a warm meeting where both leaders recalled PM's visit to Jordan in 2018 & subsequent visit of King of Jordan to India. PM appreciated his role in promoting harmony and speaking against terrorism recently at UNGA," said TS Tirumurti, foreign secretary.

07:36 PM IST

'India's achievements have earned world's respect': MEA Secretary

"India's achievements have earned the entire world's respect and attention," said TS Tirumurti, foreign secretary.

07:35 PM IST

'PM Modi had engaging discussions with Saudi Energy Minister': Raveesh Kumar

PM Modi had engaging discussions with Saudi Energy Minister HRH Abdulaziz bin Salman Al Saud taking forward the transformational vision of the strategic partnership in energy sector encouraging greater complementarities and interdependence between India and Saudi Arabia, tweeted MEA Spokesperson Raveesh Kumar.

07:17 PM IST

'Cooperation in field of counter-terrorism going well': PM Modi

In an interview with Arab News, PM Modi said, “I believe that Asian powers like India and Saudi Arabia share similar security concerns in their neighbourhood. In that respect, I am happy that our cooperation, particularly in the field of counter-terrorism, security and strategic issues, is progressing very well. My national security adviser just visited Riyadh for a very productive visit.”

07:06 PM IST

'Both countries identified areas of mutual interest': PM Modi

Earlier, in an interview with Arab News, PM Modi said that both India and Saudi Arabia had "identified a number of areas of mutual interest and cooperation in the field of defence and security".

07:01 PM IST

PM Modi to deliver keynote address at 8 pm

Followed by his meeting with Saudi King Salman bin Abdulaziz Al Saud, PM Narendra Modi will be delivering a keynote address today at 8 pm. The address will be followed by an interaction with a moderator at the conference.

06:59 PM IST

PM Modi in Saudi Arabia

Prime minister Narendra Modi reached Saudi Arabia yesterday for a two-day visit. He met the top leadership of the country and discussed bilateral issues with them throughout the day.

First published: Oct 29, 2019 18:39 IST