Our aim is more productivity with high-speed connectivity: PM Modi

Published By : Admin | September 14, 2017 | 16:55 IST
QuoteTechnology can be beneficial in reducing poverty to a great extent: PM Modi
QuoteHigh Speed Rail project project would bring in latest technology and ensure fast-paced progress: PM Modi
QuoteWhether it is railways, highways, waterways or airways, we are focusing on all areas. Integrated transport system is the dream of new India: PM
QuoteOur efforts are to provide benefits of new technology to the common man: PM Modi
QuoteEconomic development has a direct relation with productivity. Our aim is: More productivity with high-speed connectivity: PM Modi

All the dignitaries from Japan and all the dignitaries present here on this historic occasion,

I once again very warmly welcome my close friend Mr. Abe San in India, especially on the land of Gujarat.

And I wish to congratulate to all of you. I express my gratitude to all the people of Gujarat for according a very warm welcome, for the respect given by them to a world leader, to the Prime Minister of Japan, to the best friend of India, to the best friend of mine, for the yesterday’s hospitality and atmosphere.

Friends, no country can ever move ahead with half-hearted resolve, with constrained dreams. Expansion of dreams alone has the capability to decide the flight of a country, the flight of a society or the flight of an individual. This is a New India and the vastness of its dreams, the vastness of its flight is infinite, it has unlimited will power.

Today, India has taken a very big, an extremely important step in the direction of realizing an old dream. I congratulate, I convey my best wishes to 1.25 billion countrymen on the occasion of the ground breaking ceremony of Mumbai-Ahmadabad High-speed Rail Corridor. Bullet Train Project is such a project that it will bring speedy results along with high speed, rapid progress and fast technology. This is both convenience and safety, Which will bring both – employment as well as speed. This is both human friendly and eco-friendly. Today is a historic day for the relations of Japan and India and it is equally an emotional occasion as well. A good friend is always above the limits of time and boundaries and Japan has demonstrated this thing that how close a friend of India it is which is beyond the time and boundaries. The first High-speed Rail Project between Mumbai and Ahmadabad is a good example, it is a good symbol of the strengthening of bilateral relations. If the ground breaking ceremony of this project is taking place today within such a short span of time then the biggest credit for this thing goes to my best friend Mr. Abe San. By taking personal interest, Mr. Shinzo Abe ensured that there should not be any hurdles in this project. Friends, growth of human civilization is very closely linked with the development of the means of transportation, if we take a closer look at Asian civilization then we will find that at that time villages, cities and people used to settle on the river banks and these were the regions that used to become the hub of development; after that roads became a medium for development and the cities used to develop from wherever highways were passing through. And now the next generation of growth will only take place near the high-speed corridors.

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Friends, transport system, are it railways or be it waterways or be it air corridors, plays an extremely important role in the development of a country. This transportation system becomes the foundation for connectivity in the country and connectivity benefits the people in several ways, in various ways. Those who are familiar with the history of America, today the entire world knows in the history of America that how a new era of economic progress was started in America after the development of railways. Just a while ago, our friend Abe San told us about the situation of Japan after World War II. What a terrible life it was, what kind of poverty was there? But Bullet Train was started in Japan in 1964 and then this technology gradually spread to the fifteen countries of the world and it transformed the economy of Japan. Today, its shadow can be seen from Europe to China. High-Speed Railways has played an extremely important role in bringing about not only economic changes but also in bringing about social changes in these countries. The time has changed a lot since then, requirements have changed. And therefore it’s imperative to bring about changes in our approach. Small attempts have been made with the time. New things have been added. However, now is not the time to move slowly. Time doesn’t wait much. The Technology that had not changed in the last hundred years, what it has changed in the last 25 years. If the changes are taking place so rapidly then today our emphasis should go beyond the connectivity to high speed connectivity, this is our priority and our emphasis is on this. High-speed connectivity will increase the speed and reduce the distance and it will open new avenues for the economic progress. Friends, there is a direct relation between the productivity and that country’s economic progress, growth will happen when productivity is there. Our emphasis is on more productivity with high-speed connectivity.

Friends, today on this occasion, I’d like to especially praise one more aspect of Japan’s friendship. When we Indian, particularly we Guajarati's and Ahmadabad's, go out to buy something, when it comes to the selling then we weigh everything, then we account for every single penny. We continuously analyses both the profit and loss. When we go out to purchase an ordinary bike and if we borrow money from a bank then we will knock the doors of ten banks. We will visit every bank at least ten times and we minutely calculate that who will give the loan on low interest. Some bank would offer it for 8% and some other might offer the loan on 9% and then again we calculate, we might try to figure out as well that if I purchase the bike at this interest rate then what will be the final cost of my bike at the time of settlement of the loan with interest, and for how many years? We see these things very minutely and we visit the bank so many times seeking the reduction that even a bank employee would get tired. I can’t borrow on 8% or 9% please reduce the interest rate a bit. And we celebrate even if someone reduces the interest rate by just half a per cent. And we know this thing very well and perhaps Ahmadabad's would know it extremely well. Friends, just imagine, no one can get a friend; no one can get a bank like India has got a friend like Abe San, as India has got a friend like Japan. If someone offers an interest free loan and repay it not in ten or twenty years but repay it in fifty years. So will anyone believe this thing? People don’t get this kind of bank but India has got such a friend that has decided to lend eighty eight thousand crore rupees at the interest rate of just 0.1% for this bullet train.

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I’m surprised when I was in Gujarat and when I used to talk about the bullet train then it was asked to me: Modi talks that why should we bring bullet train, when will he bring it, when will he do it, when will he bring it? And when I have started to bring it then they are asking: why am I bringing it? Brothers and sisters this bullet train is a very big gift of Japan to India and in a way this entire project is being built at no cost. And once again I express my gratitude to Japan which has come forward, which has joined in to support this project along with providing technology and economic assistance for it.

Brothers and sisters, this high-speed railway system will not only reduce the distance between the two places but the people of the cities located at a distance of 500 kilometer will also come closer to each other and therefore I would say that this train will travel from Amaroo Ahmadabad to Amchi Mumbai. When this project will be complete then the distance between Mumbai to Ahmadabad will be covered within two-three hours.

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If we compare this thing with the air travel then one can reach Mumbai in less than half of the time by using this high-speed rail than what is required for travelling from here to the airport, in completion of formalities there and also the time required for going home or your office from the airport.

What a big change it will bring about, you can imagine this thing. How much time it will save for the people? It will also reduce the number of thousands of vehicle plying on the Mumbai-Ahmadabad road and it will also have a positive impact on environment and saving of fuel will help in saving the foreign reserves as we are required to import all the fuel from abroad.

With this project, a new economic system is also going to be developed on the Mumbai-Ahmadabad route. In a way, the entire area between the two cities will be converted into a single economic zone. High-Speed Corridor will not only speed-up traffic, it will also boost trade, the interaction between different areas will also increase and whether it is transfer of manpower or transportation of goods, it will make them both simple and easy. This will also lead to the development of the country and as I said earlier, the country will attain a new speed.

There is a notion that whatever new technology comes, it only comes for the rich, whereas experience is something else. If technology is used for the empowerment of the poor, then we can win the fight against poverty very quickly and therefore our aim is to make maximum use of this technology to make it so affordable that it becomes connected to the lives of poor of this country. I believe that technology is beneficial only when a country's ordinary residents can use it well. Today, when we have been bringing in new and highly advanced technologies in the railways, we are striving that the common man of the country should also get the benefits of new technology. Railways will benefit from the technology transfer during this project. It will benefit the technicians, vendors and manufacturers of this area and on the other hand, the railway network that we have, it will have to be modernized and will get benefit from this thing.

Friends, we may be getting technology from Japan but most of the resources for the bullet train will be mobilized in India. And therefore our industries will have to produce world class equipments and also supply them on time. We will have to place emphasis on 'zero defect, zero effect' manufacturing. This will also reinforce 'Make in India' program. This project is also bringing in thousands of direct and indirect employment opportunities with it.

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Friends, an integrated transport system in the country is required for a 'New India’. It is a dream of 'New India'. And, therefore, we are focusing on Feature Proofing of the country so that infrastructure can be built according to the future generations. Whether it is railways, highways, waterways or the airways, we have stressed equally on infrastructure in all areas and we have been moving forward in these areas at an unprecedented speed. We are building roads at a much faster pace than before. Benefits of GST can also be seen in the country's transport system; daily distance traveled by trucks has increased by 30 percent. Earlier if a truck carrying goods used to travel 200 kilometers a day, then after the implementation of GST and after removal of check-post troubles, today, the same truck travels more than 250 kilometers in a day instead of 200 kilometers, so a 30 percent increase in speed of the economy is possible due to the implementation of GST alone and therefore there is going to be a possibility of people getting cheaper goods.

The government is committed towards developing waterways as an environmentally friendly mode of transport. Moving forward in this direction, we are working towards developing 106 excess (overflowing) rivers in the form of national waterways. Aviation sector is also bringing new prospects in India. In the last three years, the number of people traveling on airplanes i.e. number of domestic flyers has increased by about three crore passengers. We have created national aviation policy for the first time to strengthen the aviation sector. Lives of the middle class people will be changed with the help of Udan Yojana (Flying Scheme). Under this scheme, 70 small towns of the country are being inter-linked so that the common citizens of the country can sometimes take advantage of affordable air services.

Equal attention is being given to both, on improving the existing railway system and on construction of a new railway network on the basis of modern technology. We have expedited the work of lying of railway tracks, doubling of railway tracks, its electrification and today the work is being done at a faster pace than ever before. The kind of investment that the government is currently making in the railways, it has never been done before. Along with the increase in the investment, now the emphasis is on completing those projects which have been stuck for decades. Indian government is constantly working to increase the capacity of Indian Railways and facilitate freight movement.

Western Dedicated Freight Corridor is being built from Jawaharlal Port in Mumbai to Dadri in Uttar Pradesh. Similarly, the Eastern Dedicated Freight Corridor is being constructed from Kolkata to Ludhiana. We are trying to complete these projects in the next three to three-and-a-half years. Congestion will be reduced after completion of these projects and we will save time for passenger trains and the capacity of railways will also increase.

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Friends, High-Speed Rail Project are an integral part of the vision of making a modern railway. I am very happy that today we have performed its ground-breaking ceremony. And my dear brothers and sisters, my dear countrymen, today ground-breaking has been done. This is the 70th year of our independence; we are celebrating the centenary of the Sabarmati Ashram. I have a desire, I have a dream that when we complete 75 years of our independence in 2022-23, we finish this rail project and as Abe San has just said that we both inaugurate it by travelling on that train. If once Japan and India have resolved this thing then we will definitely do it, that I can assure you.

Along with this project a High-Speed Training Institute is also being set up in Baroda for preparing high-speed rail experts. I believe this is a very important project. Vadodara has been a very important unit of the railways for years. Now Japan would be there, the kind of manpower that is needed for the High-Speed Railway, there is a need to teach the new technology, Indian youth especially the youth of Gujarat will get this opportunity and when there is Human Resource Skill Development then country’s power increases manifold which is even more than a high-speed train, that work will now be done in Baroda, with the help of Japan. It is a modern railway engineering work and young people of India will be ready for that. You can imagine that this institute is going to perform the task of creating such a capable human resource for the New India. I attach greater significance to the ground breaking ceremony of this institute which is going to provide advance training to the youth of country than the significance that I attach to the ground breaking ceremony of the high speed railway, as it will lay the foundation of the 21st century India.

I once again congratulate all the delegates and employees of India and Japan who are associated with this project. The project has reached at this point due to their efforts. And now the actual ground work is starting. I have full faith that together we will try to complete this project before schedule and we will certainly do it. Once again, I express my gratitude to the Prime Minister of Japan and my best friend Mr. Shinzo Abe, Mr. Abe San. And India's train network is so large that the people equal to the total population of Japan travel on our railway network in a week. Such a large network, what a huge capacity? We have scope, we have speed; you have skills and together we will move ahead to give new momentum to this New India.

Once again, I express my heartfelt gratitude to the people of Gujarat for the grand welcome and the respect that the people of Gujarat have accorded and they did it according to the dignity of the Prime Minister of Japan. I congratulate both the governments of Gujarat and Maharashtra. Both these governments by working together and by working with the Government of India and with the Government of Japan, executed all the work, one after another, at a high speed and took forward the entire system therefore I express my heartfelt gratitude to the chief minister of Gujarat and also to the chief minister of Maharashtra.

Thanks a lot.

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Joint Statement at the conclusion of the State Visit of Prime Minister to the Kingdom of Saudi Arabia
April 23, 2025

"A Historic Friendship; A Partnership for Progress”

At the invitation of His Royal Highness Prince Mohammed bin Salman bin Abdulaziz Al Saud, Crown Prince and Prime Minister of the Kingdom of Saudi Arabia, Hon’ble Prime Minister of the Republic of India, Shri Narendra Modi paid a State Visit to the Kingdom of Saudi Arabia on April 22, 2025.

This was Prime Minister Shri Narendra Modi’s third visit to the Kingdom of Saudi Arabia. It followed the historic State Visit of HRH Prince Mohammed bin Salman bin Abdulaziz Al Saud, Crown Prince and Prime Minister of the Kingdom of Saudi Arabia’s visit to India in September 2023 to participate in the G-20 Summit and co-chair the first meeting of the India- Saudi Arabia Strategic Partnership Council.

His Royal Highness Prince Mohammed bin Salman bin Abdulaziz Al Saud, Crown Prince and Prime Minister, received Prime Minister Shri Narendra Modi at Al-Salam Palace, Jeddah.They held official talks, during which they recalled the strong bonds of historically close friendship between the Republic of India and the Kingdom of Saudi Arabia. India and Saudi Arabia enjoy a strong relationship and close people-to-people ties marked by trust and goodwill. The two sides noted that the solid foundation of the bilateral relationship between the two nations has further strengthened through the strategic partnership covering diverse areas including defense, security, energy, trade, investment, technology, agriculture, culture, health, education, and people-to-people ties. Both sides also exchanged views on current regional and international issues of mutual interest.

Prime Minister Shri Narendra Modi congratulated HRH Prince Mohammed bin Salman bin Abdulaziz Al Saud, Crown Prince and Prime Minister of Kingdom of Saudi Arabia for Saudi Arabia’s successful bids for World Expo 2030 and FIFA World Cup 2034.

The two leaders held constructive discussions on ways to strengthen the strategic partnership between India and the Kingdom of Saudi Arabia. The two leaders also co-chaired the second meeting of the India-Saudi Arabia Strategic Partnership Council (SPC). The two sides reviewed the progress of the Strategic Partnership Council since their last meeting in September 2023. Both leaders expressed their satisfaction with the outcomes of the work of the two Ministerial Committees, namely: (a) the Committee on Political, Security, Social and Cultural Cooperation and their subcommittees and (b) the Committee on Economy and Investment and their Joint Working Groups, in diverse fields. In this context, the Co-Chairs of the Council welcomed the expansion of the Strategic Partnership Council to four Ministerial Committees reflecting the deepening of the Strategic Partnership, by addition of the Ministerial Committees on Defence Cooperation, and Tourism and Cultural Cooperation. The two leaders noted with appreciation the large number of high-level visits across various Ministries that have built trust and mutual understanding on both sides. At the end of the Meeting, the two leaders signed the Minutes of the Second Meeting of the India-Saudi Arabia Strategic Partnership Council.

The Indian side expressed its appreciation to the Saudi side for the continuing welfare of around 2.7 million Indian nationals residing in the Kingdom, reflecting the strong people- to-people bonds and immense goodwill that exists between the two nations. The Indian side also congratulated Saudi Arabia for successfully holding the Haj pilgrimage in 2024 and expressed its appreciation for the excellent coordination between the two countries in facilitating Indian Haj and Umrah pilgrims.

Both sides welcomed the growth of the economic relationship, trade and investment ties between India and Kingdom of Saudi Arabia in recent years. The Indian side congratulated the Saudi side for progress achieved on the goals under Vision 2030. Saudi side expressed appreciation for India’s sustained economic growth and the goal of Viksit Bharat or becoming a developed country by 2047. Both sides agreed to work together in areas of mutual interests to fulfill respective national goals and achieve shared prosperity.

Both Leaders noted with satisfaction the progress made in the discussions under the High-Level Task Force (HLTF), constituted in 2024 for promoting investment flows between the two countries. Building on the endeavor of Saudi Arabia to invest in India in multiple areas including energy, petrochemicals, infrastructure, technology, fintech, digital infrastructure, telecommunications, pharmaceuticals, manufacturing and health, it was noted that the High-Level Task Force came to an understanding in multiple areas which will rapidly promote such investment flows. They noted the agreement in the High-Level Task Force to collaborate on establishing two refineries. The progress made by this Task Force in areas such as taxation was also a major breakthrough for greater cooperation in the future. The two sides affirmed their desire to complete negotiations on the Bilateral Investment Treaty at the earliest. The Indian side appreciated the launch of India Desk at the Public Investment Fund (PIF) to act as the nodal point for investment facilitation by PIF. They observed that work of the High-Level Task Force underscores the growing economic partnership between India and Saudi Arabia focusing on mutual economic growth and collaborative investments.

The two sides affirmed their commitment to strengthening their direct and indirect investment partnership. They commended the outcomes of the Saudi-India Investment Forum, held in New Delhi in September 2023, and the active cooperation it achieved between the public and private sectors from both countries. They also commended the expansion of investment activities by Indian companies in the Kingdom, and appreciated the role of the private sector in enhancing mutual investments.The two sides valued the activation of the Framework of Cooperation on Enhancing Bilateral Investment between Invest India and Ministry of Investment of Saudi Arabia. Both sides agreed to facilitate enhanced bilateral cooperation in the startup ecosystem, contributing to mutual growth and innovation.

In the field of Energy, the Indian side agreed to work with the Kingdom to enhance the stability of global oil markets and to balance global energy market dynamics. They emphasized the need to ensure security of supply for all energy sources in global markets. They agreed on the importance of enhancing cooperation in several areas in the energy sector, including the supply of crude oil and its derivatives including LPG, collaboration in India’s Strategic Reserve Program, joint projects across the refining and petrochemical sector, including manufacturing and specialized industries, innovative uses of hydrocarbons, electricity, and renewable energy, including completing the detailed joint study for electrical interconnection between the two countries, exchanging expertise in the fields of grid automation, grid connectivity, electrical grid security and resilience, and renewable energy projects and energy storage technologies, and enhancing the participation of companies from both sides in implementing their projects.

The two sides emphasized the importance of cooperation in the field of green/clean hydrogen, including stimulating demand, developing hydrogen transport and storage technologies, exchanging expertise and experiences to implement best practices. The two sides also acknowledged the need to work on developing supply chains and projects linked to the energy sector, enabling cooperation between companies, enhancing cooperation in the field of energy efficiency and rationalizing energy consumption in the buildings, industry, and transportation sectors, and raising awareness of its importance.

With regard to climate change, both sides reaffirmed the importance of adhering to the principles of the United Nations Framework Convention on Climate Change and the Paris Agreement, and the need to develop and implement climate agreements with a focus on emissions rather than sources. The Indian side commended the Kingdom's launch of the "Saudi Green Initiative" and the "Middle East Green Initiative"and expressed its support for the Kingdom's efforts in the field of climate change. The two sides stressed the importance of joint cooperation to develop applications of the circular carbon economy by promoting policies that use the circular carbon economy as a tool to manage emissions and achieve climate change objectives.The Kingdom of Saudi Arabia appreciated India’s contributions to global climate action by pioneering initiatives like International Solar Alliance, One Sun-One World-One Grid, Coalition of Disaster Resilient Infrastructure (CDRI) and Mission Lifestyle for Environment (LiFE) and Global Green Credit Initiative.

Both sides expressed satisfaction at the steady growth in bilateral trade in recent years with India being the second largest trading partner for Saudi Arabia; and Saudi Arabia being India’s fifth largest trading partner in 2023-2024. Both sides agreed to further enhance co-operation to diversify their bilateral trade. In this regard, both sides agreed on the importance of increasing visits of business and trade delegations, and holding trade and investment events. Both sides reiterated their desire for commencing negotiations on the India-GCC FTA.

The two sides appreciated the deepening of the defence ties as a key pillar of the Strategic Partnership, and welcomed the creation of a Ministerial Committee on Defence Cooperation under the Strategic Partnership Council. They noted with satisfaction the growth of their joint defence cooperation including numerous ‘firsts’ like the first ever Land Forces exercise SADA TANSEEQ, two rounds of the Naval Exercises AL MOHED AL HINDI, many high-level visits, and training exchanges, towards ensuring the security and stability of the region. They welcomed the outcomes of the 6th meeting of the Joint Committee on Defence Cooperation held in Riyadh in September 2024, noting the initiation of staff-level talks between all three services. Both sides also agreed to enhance defence industry collaboration.

Noting the continuing cooperation achieved in security fields, both sides highlighted the importance of this cooperation for better security and stability. They also emphasized the importance of furthering cooperation between both sides in the areas of cybersecurity, maritime border security, combating transnational crime, narcotics and drug trafficking.

Both sides strongly condemned the gruesome terror attack in Pahalgam, Jammu and Kashmir on 22 April 2025, which claimed the lives of innocent civilians. In this context, the two sides condemned terrorism and violent extremism in all its forms and manifestations, and emphasized that this remains one of the gravest threats to humanity. They agreed that there cannot be any justification for any act of terror for any reason whatsoever. They rejected any attempt to link terrorism to any particular race, religion or culture. They welcomed the excellent cooperation between the two sides in counter-terrorism and the terror financing. They condemned cross-border terrorism, and called on all States to reject the use of terrorism against other countries, dismantle terrorism infrastructure where it exists, and bring perpetrators of terrorism to justice swiftly. Both sides stressed the need to prevent access to weapons including missiles and drones to commit terrorist acts against other countries.

The two sides noted the ongoing cooperation in field of health and efforts to combat current and future health risks and health challenges. In this context, they welcomed the signing of the MOU on Cooperation in the Field of Health between the two countries. The Indian side congratulated the Kingdom of Saudi Arabia for successfully hosting the Fourth Ministerial Conference on Antimicrobial Resistance in Jeddah in November 2024. Indian side welcomed the initiatives taken by the Saudi Food and Drug Authority to address issues related to reference pricing and fast track registration of Indian drugs in Saudi Arabia. Both sides also welcomed the extension of the MoU on Co-operation in the Field of Medical Products Regulation between Saudi Food and Drug Authority and Central Drugs Standard Control Organization (CDSCO) for a further period of five years.

Both sides underscored the importance of co-operation in technology including in new and emerging domains such as Artificial Intelligence, cybersecurity, semi-conductors etc. Highlighting the importance of digital governance,both sides agreed to explore collaboration in this area. They also expressed satisfaction on signing of the MOU between Telecom Regulatory Authority of India and Communications, Space and Technology Commission of Kingdom of Saudi Arabia for cooperation in regulatory and digital sectors.

Both sides noted that the MoU on space cooperation signed during this visit will pave the way for enhanced cooperation in the field of space, including utilization of launch vehicles, spacecraft, ground systems; applications of space technology; research and development; academic engagement and entrepreneurship.

Both sides noted the growth of cultural cooperation between the Kingdom of Saudi Arabia and the Republic of India through active engagement in key sectors such as heritage, film, literature, and performing and visual arts. The creation of a Ministerial Committee on Tourism and Cultural Cooperation under the Strategic Partnership Council marks a significant step toward deepening this partnership.

Both sides also agreed to enhance cooperation in tourism including through capacity building and sustainable tourism. They also noted the expansion of various opportunities in media, entertainment, and sports, supported by the strong people-to-people ties between the two countries.

Both sides appreciated the long-standing cooperation between the two countries in the areas of agriculture and food security, including trade of fertilizers. They agreed to pursue long-term agreements for the security of supply, mutual investments and joint projects towards building long-term strategic cooperation in this area.

The two sides commended the growing momentum in educational and scientific collaboration between the two countries, underscoring its strategic importance in fostering innovation, capacity building, and sustainable development. The Saudi side welcomes the opportunities for leading Indian universities to have presence in Saudi Arabia.The two sides also stressed the value of expanding cooperation in labour and human resources and identifying opportunities for collaboration.

Both sides recalled the signing of the Memorandum of Understanding on the Principles of an India-Middle East-Europe Economic Corridor along with other countries in September 2023 during the state visit of HRH Prince Mohammed bin Salman bin Abdulaziz Al Saud, Crown Prince and Prime Minister of Kingdom of Saudi Arabia to India and expressed mutual commitment to work together to realize the vision of connectivity as envisaged in the Corridor, including the development of infrastructure that includes railways and port linkages to increase the passage of goods and services, and boost trade among stakeholders, and enhance data connectivity and electrical grid interconnectivity. In this regard, both sides welcomed the progress under the MoU on Electrical Interconnections, Clean/Green Hydrogen and Supply Chains signed in October 2023. Both sides also expressed satisfaction on the increase in shipping lines between the two countries.

The two sides stressed the importance of enhancing cooperation and coordination between the two countries in international organizations and forums, including the G20, the International Monetary Fund, and the World Bank, to bolster efforts to address the challenges facing the global economy. They commended the existing cooperation between them within the Common Framework for Debt Treatment Beyond the Debt Service Suspension Initiative (DSSI), which was endorsed by the G20 leaders at the Riyadh Summit 2020. They stressed the importance of enhancing the implementation of the Common Framework as the main and most comprehensive platform for coordination between official creditors (developing country creditors and Paris Club creditors) and the private sector to address the debt of eligible countries.

The two sides affirmed their full support for the international and regional efforts aimed at reaching a comprehensive political solution to the crisis in Yemen. The Indian side appreciated the Kingdom’s many initiatives aimed at encouraging dialogue between the Yemeni parties, and its role in providing and facilitating access of humanitarian aid to all regions of Yemen. The Saudi side also appreciated the Indian effort in providing humanitarian aid to Yemen.The two sides agreed on the importance of cooperation to promote ways to ensure the security and safety of waterways and freedom of navigation in line with the United Nations Convention on the Law of the Sea (UNCLOS).

The following MoUs were signed during the visit:

• MoU between Department of Space, India, and Saudi Space Agency in the field of space activities for peaceful purposes.

• MoU between Ministry of Health and Family Welfare, Republic of India and Ministry of Health, Kingdom of Saudi Arabia & on Cooperation in the Field of Health.

• Bilateral Agreement between Department of Posts, India and Saudi Post Corporation (SPL) for inward foreign surface parcel.

• MOU between National Anti-Doping Agency of India (NADA), India, and Saudi Arabia Anti-Doping Committee (SAADC) for cooperation in the field of anti-doping and prevention.

Both sides agreed to hold the next meeting of the Strategic Partnership Council on a date mutually agreed upon. As the two nations march ahead with economic and social developments in their respective countries, they also decided, that they will continue communication, coordination and cooperation across various sectors.

At the end of the visit, Prime Minister Shri Narendra Modi, expressed his sincere thanks and appreciation to His Royal Highness Prince Mohammed bin Salman bin Abdulaziz Al Saud, Crown Prince and Prime Minister, for the warm reception and generous hospitality extended to him and his accompanying delegation. He also conveyed his best wishes for continued progress and prosperity of the friendly people of the Kingdom of Saudi Arabia. For his part, His Royal Highness extended his sincere wishes to Prime Minister Narendra Modi and the friendly people of India for further progress and prosperity.