Prime Minister Narendra Modi on Tuesday hailed India’s ties with Saudi Arabia which he said laid the foundation for a strategic partnership.
Addressing the Future Investment Initiative (FII) in Riyadh, he said: “Our relations with Saudi Arabia is several years old. Our ancient relations has built a strong foundation for our strategic partnership.”
PM @narendramodi at Future Investment Initiative (FII), Riyadh (#SaudiArabia): Our relations with Saudi Arabia is several years old. Our ancient relations has built a strong foundation for our strategic partnership. https://t.co/ASU04qZdMJ pic.twitter.com/Lm3yWRSm1O
— NewsMobile (@NewsMobileIndia) October 29, 2019
“The purpose of this forum is not just to discuss the economy here but also to understand the emerging trends in the world and find ways for world welfare in it”, PM Modi added.
Prime Minister Modi said he saw five major trends as the keys to future prosperity. He listed them as the impact of technology, the importance of infrastructure, human resources, care for the environment and business-friendly governance.
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The Prime Minister reiterated his government’s commitment to make India a USD 5 trillion economy by 2024.
Prime Minister Modi said that India aims to invest USD 100 billion in refining, pipelines and gas terminals by 2024. “I am happy that Saudi Aramco has decided to invest in the West Coast Refinery Project, which will be the largest refinery of Asia.”