India-Saudi Arabia Current Affairs

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India, Saudi Arabia ink 5 agreements to boost bilateral co-operation

India and Saudi Arabia have singed five agreements to boost the bilateral cooperation between the two nations.

The agreements were signed during the two day official visit of Prime Minister Narendra Modi to Saudi Arabia in Riyadh.

The visit to Saudi Arabia was part of PM Modi’s three-nation visit to Belgium,United States for Nuclear Security Summit and Saudi Arabia.

Five agreements singed are

  • Agreement on Labour Co-operation: It was singed for recruitment of general category workers between the Ministry of Labour, Saudi Arabia and Ministry of External Affairs, India.
  • Technical Cooperation Program: It was signed between Saudi Standards, Metrology and Quality Organization (SASO) and Bureau of Indian Standards (BIS).
  • Executive Program for Cooperation in the Field of Handicrafts: It was signed between Saudi Commission for Tourism and National Heritage and Export Promotion Council for Handicraft (EPCH).
  • MoU in the Exchange of Intelligence related to Money Laundering, Terrorism Financing and Related Crimes: It was signed between Financial Intelligence Unit of India and Saudi Arabia concerning Cooperation.
  • Framework for Investment Promotion Cooperation: It was signed between Saudi Arabian General Investment Authority (SAGIA) and Invest India.

During his visit Prime Minister Narendra Modi gifted a gold-plated replica of the Cheraman Juma Masjid of Kerala to Saudi King Salman bin Abdulaziz Al Saud.

The mosque is situated in Thrissur district of Kerala and is  believed to be the first mosque built in India by Arab traders around 629 AD.The mosque has an ancient oil lamp that is always kept burning and believed to be over a thousand years old. People from all religions bring oil for the lamp as an offering.

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Ahmad Javed appointed as Ambassador to Saudi Arabia

Union Ministry of External Affairs (MEA) has appointed senior IPS officer Ahmad Javed as India’s Ambassador to Saudi Arabia.

His appointment will fill the vacancy of the post of Ambassador in Indian Embassy in Riyadh since April 2015 after retirement of Hamid Ali Rao.

He is IPS officer of 1980 batch from Maharashtra Cadre. Prior to this appointment Mr. Ahmad Javed was serving as Mumbai Police commissioner.

India-Saudi Arabia Relations

  • From trading point of view, oil rich Saudi Arabia is a crucial and important country for energy starved India from energy security (especially petroleum) perspective.
  • Saudi Arabia is India’s largest supplier of crude oil and accounts for 80 per cent of India’s crude oil import that forms a major component of bilateral trade with the Gulf nation.
  • It should be noted that Saudi Arabia is followed by Iraq, Nigeria, Venezuela and Iran as India’s top four oil suppliers.

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India – Saudi Arabia signed defense cooperation deal

Screenshot_8India and Saudi Arabia signed a Memorandum of Understanding (MoU) on defense cooperation for greater exchange of information and training in New Delhi. The agreement was signed by Saudi Arabia’s Minister of State for Foreign Affairs Nizar Bin Obaid Madani and India’s Minister of State for Defence Jitendra Singh.

  • The two sides also agreed to strengthen cooperation in the area of radio and television, as also in fields of media coverage and training, besides agreeing to activate the agreement signed between Saudi Press Agency (SPA) and the Press Trust of India (PTI).
  • The pacts were signed in the presence of Crown Prince of Saudi Arabia Mr. Salman bin Abdulaziz Al Saud, who was on a three-day visit to India. (Mr. Al Saud is also Saudi Arabia’s Deputy Prime Minister and Defence Minister). 
  • Saudi Arabia is India’s fourth largest partner with bilateral trade of over $43 billion in 2012-13. Saudi Arabia is also India’s largest crude oil supplier accounting for about 20% of total imports in 2012-13.

 Note:Saudi Arabia is the 6th largest market in the world for Indian exports and is destination of more than 4.08 percent of India’s global exports.

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