India-Saudi Arabia Current Affairs - 2019
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India and Saudi Arabia held a bilateral meeting on the sidelines of the visit of Saudi Arabia’s Crown Prince Mohammed bin Salman to India. The joint statement issued on the sidelines of the bilateral meet between Indian Prime Minister Narendra Modi and Saudi Arabia’s Crown Prince Mohammed bin Salman highlights the following:
- Affirming that extremism and terrorism threaten all nations, India and Saudi Arabia rejected any attempt to link this universal phenomenon to a particular race, religion or culture.
- Without naming Pakistan the joint statement said that nations should renounce the use of terrorism as an instrument of state policy.
- Constitution of a ‘comprehensive security dialogue’ at the level of national security advisor and setting up of a joint working group on counter-terrorism.
- Saudi Arabia reiterated its commitment to meeting India’s growing needs for crude oil and petroleum products and substitute for any shortages that may arise as a result of disruptions from other sources without naming Iran.
- Saudi Arabia also increased India’s Haj quota by about 25,000. India’s Haj quota now stands at 2 lakh.
Saudi Arabia’s Crown Prince Mohammed bin Salman stated that Saudi Arabia has already invested $44 billion in India since the PM’s visit in 2016 and they see an investment opportunity of worth $100 billion in sectors like energy, petrochemicals and manufacturing.
Saudi crown prince Mohammed bin Salman condemned the recent terrorist attack on Indian security forces in Pulwama in Jammu and Kashmir.
King Salman bin Abdulaziz in presence of External Affairs Minister Sushma Swaraj inaugurated 32nd edition of Saudi Arabia’s National Heritage Festival in Janadriyah village, Riyadh. This year India is guest of honor country.
Jenadriyah is cultural and heritage festival of Saudi Arabia. It is held annually at Jenadriyah village near Riyadh. It is organised every year by National Guard. It was held for first time in 1985. It draws more than one million visitors every year.
The festival normally falls during the month of February or March. The activities in festivals include camel race, horse race, sports, dance, arts, history, falconry, and traditional arts and crafts.
The India Pavilion at festival was based on the theme ‘Saudi ka dost Bharat’. It showcased traditional and modern aspects of India and its culture. Previous guests of honor countries were Turkey, Russia, France, Japan, South Korea, China, UAE and Germany.
Saudi Arabia is India’s fourth largest trade partner after China, US and UAE. It is major source of India’s energy security requirement as it accounts for almost one-fifth of India’s crude oil requirement. The volume of bilateral trade between both countries during 2016-17 was recorded at $25.079 billion. Saudi Arabia is home to more than 3 million Indian people.