India and Saudi Arabia eye trade deals during Modi visit

New Delhi and Riyadh are set to sign at least six agreements across energy, trade, and defense

Indian Prime Minister Narendra Modi has kicked off a two-day visit to Saudi Arabia to strengthen relations with the major oil exporter, amid global trade uncertainty. 

India and Saudi Arabia will sign at least six agreements during Modi’s April 22-23 visit to Jeddah, according to a report by The Hindu. 

During his visit, Modi will meet Saudi Crown Prince Mohammed bin Salman, engage in bilateral discussions, and visit Indian workers at a factory, officials said. 

The Indian prime minister and the Saudi crown prince are expected to discuss key areas such as defense, trade, and energy, as India aims to become a major refining hub. Modi may seek to secure investments, following bin Salman’s 2019 pledge to invest $100 billion in India, reports said.

Modi’s visit is expected to lead to stronger energy ties and the signing of several agreements, Indian Foreign Secretary Vikram Misri stated. He added that the goal is to give the energy partnership between India and Saudi Arabia a more strategic direction. 

“We have shared interest and commitment to promote regional peace, prosperity, security and stability,” Modi said, noting it will be his third visit to Saudi Arabia and his first to the historic city of Jeddah. As a special gesture, the Indian prime minister’s aircraft was escorted by F15 fighter jets of the Royal Saudi Air Force in Saudi airspace.