Last September, about 50 agreements were signed under Saudi-India Strategic Partnership Council Saudi Vision 2030, India’s Viksit Bharat 2047 are complementary for new partnerships, Jaishankar says NEW DELHI: Saudi Arabia and India held talks on Wednesday in New Delhi, led by their foreign ministers, aimed at identifying new partnerships. Saudi Arabia’s Prince Faisal bin Farhan and India’s S. Jaishankar co-chaired the second meeting of the Ministerial Committee on Political, Security, Cultural and Social Affairs, which falls under the Saudi-India Strategic Partnership Council. Their talks follow the council’s first leaders’ meeting last September, during which Crown Prince Mohammed bin Salman and India’s Prime Minister Narendra Modi presided over the signing of about 50 initial pacts. They had also agreed to form a joint task force to enable a $100 billion Saudi investment in India. In a livestreamed video of his opening remarks, Prince Faisal said: “The inaugural meeting of the Saudi-India Strategic Partnership Council … has set the stage for a new era of cooperation across various fields and we look forward to further enhancing the council’s capabilities and efficiency in achieving our shared objectives.” He added: “We are confident that advancing cooperation serves our mutual interests as well as benefits the region more broadly, and I look forward to exploring the diverse aspects of our cooperation.” Saudi Arabia is home to about 2.6 million Indian nationals, making it the third-largest host country for the diaspora, after the UAE and the US. The Kingdom is also India’s fifth-largest trading partner, with bilateral trade between the two countries at around $43 billion in 2023-2024. Trade and investments are “important pillars” in Saudi-India relations, Jaishankar said during the meeting as he highlighted recent efforts to boost cooperation, including in technology and renewable energy. “Saudi’s Vision 2030 and Viksit Bharat 2047 hold complementarities for our industries to build new partnerships. I am glad to note that our businesses are collaborating intensively,” he said, referring to the Kingdom’s transformation plan and India’s goal to become a developed nation. “While we may be time-tested friends, but our partnership is premised on progress and focused on the future.”