On this festive event of India’s 74th Republic Day, I would like to increase my heat greetings and congratulations to all Indian nationals, individuals of Indian origin and Indian buddies in Saudi Arabia.
This Republic Day coincides with the ongoing celebrations of Azadi Ka Amrit Mahotsav to commemorate the 75th anniversary of India’s independence and its achievements, as effectively as Amrit Kaal, at [email protected]
As a reasonably younger place, India has come to be a single of the leading nations on the international phase in phrases of instruction, science, technologies and economic improvement, earning it 1 of the swiftest developing economies in the environment.
The place has followed its core democratic ideas of justice, liberty, equality and fraternity in the course of this course of action, as it has evolved into a certainly pluralistic modern society, embracing diversity and fully commited to equal possibilities for all citizens.
At the very same time, the ancient philosophies of Indian civilization, including “Vasudhaiva Kutumbakam”, the idea that the world is a person relatives, carry on to guidebook us and shape the way we approach the globe.
India is a proponent of reformed multilateralism, advocating a democratic, regulations-primarily based and honest intercontinental get, emphasizing regard for sovereignty, territorial integrity and the equality of all international locations regardless of sizing, populace and military services energy.
India, as the world’s most significant democracy, 1 of the world’s major economies, and the voice of the world south, has a reputable aspiration to come to be a everlasting member of the UN Stability Council.
As the entire world little by little recovers from the economic disruption brought on by the COVID-19 pandemic, it is intently seeing the progress tale of technology-pushed India, which has demonstrated curiosity in innovation and adoption of technological know-how, digitization and automation. India has the likely to be a globally reliable spouse in world wide supply chains.
India’s gross domestic solution growth charge is believed to strike 7 p.c this fiscal, outpacing other main producing economies. India is now a $3.1 trillion financial state, the fifth largest in the world, and on observe to grow to be a $5 trillion financial state.
India and Saudi Arabia have been good friends for hundreds of years and the bilateral marriage is dependent on mutual regard, believe in and warmth. Due to the fact independence, India’s relationship with the Kingdom of Saudi Arabia has progressed into a multifaceted, mutually effective strategic partnership masking several critical parts such as cultural exchanges, defense and protection cooperation, trade and expense, healthcare, technological know-how , electricity security and foods protection. The huge Indian diaspora has also contributed positively to Saudi Arabia’s growth record.
In latest decades, the bilateral commercial relationship amongst India and the Kingdom of Saudi Arabia has demonstrated an unparalleled development trajectory, with expanding small business exchanges in numerous fields.
India is Saudi Arabia’s second-biggest investing companion, although Saudi Arabia is India’s fourth-major, official figures display. In this fiscal yr, from April 2022 to November 2022, our trade volume has exceeded US$36 billion, an raise of much more than 30% calendar year-on-year. India’s exports to Saudi Arabia ended up value approximately $7 billion and imports from Saudi Arabia have been truly worth around $29 billion.
India’s significant exports to Saudi Arabia consist of engineered solutions, petroleum items, substances, grains and foods, among other people. Saudi exports to India involve mineral fuels, fertilizers, substances, plastics and additional. Saudi Arabia stays our strongest associate in strength safety.
Bilateral expenditure exchanges have also expanded to include numerous sectors of both of those economies owing to booming possibilities emerging from Saudi Vision 2030 and Indian initiatives this kind of as ‘Atmanirbhar Bharat’ and ‘Make in India’.
Guided by the leadership’s eyesight, the Indian Embassy in Riyadh is performing to build a detailed bilateral financial partnership that contains numerous and considerable trade and expense ties. The Saudi Council of Chambers of Commerce and Business and the Saudi-India Business Council have been our lengthy-term associates in this endeavour.
Throughout Crown Prince Mohammed bin Salman’s visit to India in 2019, SIBC signed a Memorandum of Comprehending with the Federation of Indian Chambers of Commerce and Field to broaden bilateral trade relations.
Apart from FICCI, other Indian trade promotion organisations, together with Confederation of Indian Field, Council for the Promotion of Indian Trade and National Affiliation of Program and Products and services Corporations amongst other people, are also keen to collaborate with Saudi corporations to leverage on the complementary strengths of both countries to further more bolster our financial ties.
We seem ahead to continuing to get the job done closely with our Saudi associates to comprehend chances determined under the framework of the Strategic Partnerships Council.
Bilateral engagement is predicted to improve this yr as India assumes the G20 presidency. The theme of India’s G20 presidency is ‘Vasudhaiva Kutumbakam’ – One Earth, A single Spouse and children, One particular Potential – and the region will host much more than 200 conferences in far more than 50 towns throughout 32 function streams.
The Indian presidency of the G20 features India and Saudi Arabia an option to do the job intently jointly in the assistance of mutual interests in this significant multilateral arena.
India also chairs the Council of Heads of State of the Shanghai Cooperation Corporation, and the Kingdom of Saudi Arabia is the organization’s dialogue companion. This discussion board presents a further system for working jointly to achieve our widespread goals in the region.
India and Saudi Arabia are vital G20 economies and get pleasure from numerous avenues of financial partnerships in the framework of the group. As part of the present-day G20 presidency, India is eager to take a look at probable possibilities for economic engagement with all G20 associates, including Saudi Arabia, in precedence parts such as health and fitness, infrastructure, education and learning, commence-ups and the achievement of the UN Sustainable Development Ambitions .
Final year, the two sides exchanged high-amount visits numerous occasions, advertising the vigorous progress of bilateral exchanges. In August, India’s Minister of Health and fitness and Loved ones Welfare and Minister of Chemical substances and Fertilizers, Mansukh Mandivya, visited Saudi Arabia and talked over increasing our engagement in the sanitation and fertilizer sectors with Saudi leaders and non-public stakeholders.
In September, Indian International Minister Jaishankar and Minister of Commerce and Field Piyush Goyal frequented Riyadh and participated in the Ministerial Conference of the Political and Financial Committee of the Saudi-India Strategic Partnership Committee respectively.
Saudi Electricity Minister Prince Abdulaziz bin Salman and GCC Secretary-Basic Naif Farah Mubarak Hajiraf frequented India in Oct and November past year respectively.
In addition to a traditionally robust electricity partnership (Saudi Arabia is one particular of India’s greatest suppliers of crude oil and liquefied all-natural gas), the two nations around the world are eager to extend their bilateral relationship to incorporate new regions of cooperation these kinds of as electrical power grid interconnection, financial technology assignments, inexperienced hydrogen, sustainable constructing resources, entrepreneurial collaborations and assignments of the Export-Import Bank of India.
The two sides are committed to removing trade obstacles, addressing regulatory troubles, and even more increasing bilateral trade and financial investment. India is also in discussions with GCC authorities to resume FTA negotiations which will let us to gain from unrealized potential, specifically in terms of economic chances in Saudi Arabia and the broader region.
In the area of bilateral protection relations, a lot is going on. In 2022, a file selection of ships will stop by Saudi Crimson Sea ports and maritime cooperation will acquire spot in the kind of naval exercise routines and seminars.
We are fully commited to growing bilateral protection interactions in emerging technologies, cybersecurity, digital warfare, unmanned aerial units, and room. Convergence of defense industry initiatives is also underway, in sync with both countries’ Vision 2030 and Self-Reliant India Policy.
In the subject of education, India and Saudi Arabia have many avenues for engagement, specially in the context of the Kingdom’s Eyesight 2030 and India’s new Education and learning Policy 2020. Many Saudi universities are keen to enter into significant partnerships with distinguished Indian larger education and learning establishments, together with Indian Institutes of Technologies, Indian Institutes of Administration, Indian Institutes of Science and leading universities.
Saudi Arabia is house to about 2.3 million Indians who are extensively acknowledged and appreciated for their contribution to the socio-economic growth and cultural enrichment of the Kingdom. The profile of the Indian diaspora in the kingdom has diversified noticeably around the several years to consist of business people, investors, bankers and business chief executives, in addition to medical practitioners, engineers and teachers.
The Indian diaspora in Saudi Arabia has turn out to be a significant source of foreign remittances to India. The diaspora is also a bridge between the two international locations and performs an significant function in strengthening the bilateral relationship.
On the situation of the 75th anniversary of the establishment of diplomatic relations between India and Saudi Arabia, I would like to just take this option to express my honest gratitude to King Salman and Crown Prince Mohammed bin Salman for foremost the partnership among the two countries to a new direction and selling the improvement of the romance concerning the two international locations. States understand the comprehensive probable that exists amongst them. The Indian management is also thoroughly dedicated to earning our romance more robust and extra varied.
It is an honor and a privilege for me to believe the significant part of Ambassador of India to Saudi Arabia at an fascinating time in our connection. As before long as I arrived listed here, I was touched by the heat and kindness of senior Saudi officials in the direction of me.
I search ahead to the help of all our Saudi buddies, each authorities and personal sector, and I glimpse forward to operating with the Kingdom’s Indian group to acquire our marriage to new and bigger heights.
Lengthy live India-Saudi relations.
• Dr. Suhel Ajaz Khan is the Ambassador of India to Saudi Arabia.