Saudi Arabia

Key Highlights of Bilateral Relationship between India and Saudi Arabia (Updated on October 2014)

India and Saudi Arabia enjoy cordial and friendly relations reflecting the centuries old economic and socio-cultural ties. The establishment of diplomatic relations in 1947 was followed by high-level visits from both sides.King Saud visited India in 1955 and the Prime Minister Jawaharlal Nehru visited the Kingdom in 1956. The visit of the Prime Minister Indira Gandhi to Saudi Arabia in 1982 further boosted the bilateral relations. In the recent times, the historic visit of King Abdullah to India in 2006 resulted in signing of ‘Delhi Declaration’ imparting a fresh momentum to the bilateral relationship. The visit provided the framework for cooperation in all fields of mutual interest. The reciprocal visit by Prime Minister Dr. Manmohan Singh to Saudi Arabia in 2010 raised the level of bilateral engagement to ‘Strategic Partnership’ and the ‘Riyadh Declaration’ signed during the visit captured the spirit of enhanced cooperation in political, economic, security and defense realms.

Indian Diaspora in Saudi Arabia: 

·         Non Residents Indians (NRI):  1789000 (February 2010)
·         Overseas Citizen of India (OCI): NA (February 2010)
·         Total Indian Community: 1789000 (February 2010)
·         Remittance inflows (US$ Million): 8381.82 (2012)

Saudi Arabia Students studying in India:

·         Male: 217 (2011-2012)
·         Female: 73 (2011-2012)
·         Total: 290 (2011-2012)

India’s trade with Saudi Arabia

·         Export (US$ Million): 6085.37 (April-August 2014)
·         Import (US$ Million): 14188.3 (April-August 2014)
·         Total (US$ Million): 20273.67 (April-August 2014)
·         Trade Balance (US$ Million): -8102.93 (April-August 2014)

Bilateral Investment with Saudi Arabia

·         Investment inflows (US$ Million): 5.23 (2014-upto July 2014)
·         Investment outflows (US$ Million): 0.04 (August 2014)

Bilateral Tourism with Saudi Arabia

·         Outbound : 1501308 (2011)
·        Inbound : 42892 (2013)

Bilateral Agreements/MoUs:

The bilateral Agreements and MoUs signed are as follows:

1. MoU for Foreign Office Consultations
2. MoU on the Establishment of Joint Business Council between Council of Saudi Chambers of Commerce and Industry (CSCCI) and Federation of Indian Chambers of Commerce & Industry (FICCI)
3. Bilateral Promotion and Protection of Investments (BIPA)
4. Agreement on Avoidance of Double Taxation and Prevention of Tax Evasion (DTAA)
5. MoU on Combating Crime
6. Agreement in the field of Youth and Sports
7. MoU of Scientific and Educational Co-operation between the Ministry of HRD, India and Ministry of Higher Education, KSA
8. Extradition Treaty
9. Agreement on Transfer of Sentenced Persons
10. MoU for Cooperation in Peaceful Use of Outer Space
11. Agreement on Scientific and Technological Cooperation
12. MoU between Centre for Development of Advance Computing (C-DAC) and King Abdulaziz City for Science & Technology (KACST) on cooperation in Information Technology and Services
13. Agreement on News Cooperation between Saudi Press Agency (SPA) and Press Trust of India (PTI)
14. MoU on Cultural Cooperation

Related links

Visit of Saudi Arabia by Indian Delegation led by Minister for Petroleum and Natural Gas
The Minister of State (Independent Charge) for Petroleum and Natural Gas Government of India, Shri Dharmendra Pradhan, held bilateral energy consultations on Tuesday (28.10.2014) with HRH Prince Abdul Aziz Bin Salman Bin Abdulaziz, Assistant Minister for Petroleum and Mineral Resources, Kingdom of Saudi Arabia in Riyadh on matters of mutual cooperation in oil and gas sectors. Sh. Pradhan led the Indian delegation comprising senior government officials and Chairmen of IOCL, HPCL and GAIL.

‘Make in India’ campaign aims to woo Saudi, global investors
Indian Prime Minister Narendra Modi has launched a new campaign to attract global business to manufacture in India. B. S. Mubarak, Indian consul general in Jeddah, addressed a large gathering of Saudi and Indian businessmen and introduced the ‘Make in India’ initiative. A similar event was held in Riyadh, attended by a large number of investors and officials.

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