NEW DELHI: Indian Prime Minister Narendra Modi will travel to Saudi Arabia on Tuesday for his third visit, as India seeks to strengthen strategic ties with the Kingdom, particularly in the energy sector.
During his two-day trip, Modi is scheduled to meet Crown Prince Mohammed bin Salman in Jeddah, where they will hold bilateral talks and co-chair the second meeting of the Saudi-India Strategic Partnership Council.
“The visit is important also on account of the obvious significance of Saudi Arabia as a strategic partner for India … Saudi Arabia is a leading voice in the Islamic world, and is increasingly playing an important role in regional developments,” Foreign Secretary Vikram Misri told a press briefing on Saturday.
As premier, Modi made his first trip to Saudi Arabia in 2016. Following the crown prince’s first visit to India in February 2019, the Indian leader made his second trip to the Kingdom that October, when the two countries established the Strategic Partnership Council.
In 2023-24, Saudi-India trade reached nearly $43 billion, making India Saudi Arabia’s second-largest trading partner, while the Kingdom stands as New Delhi’s fifth-largest.
Saudi Arabia is “a key player” in India’s energy scenario, Misri said.
“We are looking at infusing an even more strategic outlook in the energy partnership between the two countries. And we expect that the forthcoming visit will have some developments related to this as well,” he added.
Bilateral energy trade alone was worth $25.7 billion in 2023-24, with Saudi Arabia being the third-largest source of India’s LPG, crude and petroleum imports.
Modi’s upcoming visit is a follow-up to the crown prince’s trip to India in 2023, when he attended the summit of the Group of 20 biggest economies.
This was followed by the crown prince’s state visit, which saw the two leaders co-chairing the first meeting of the Strategic Partnership Council, and both countries signing around 50 initial pacts and agreeing to form a joint task force for a $100 billion Saudi investment in India.
“This is a very important visit as Saudi Arabia is one of the most important partners of India in the Gulf and Middle East region,” Muddassir Qamar, associate professor at the Center for West Asian Studies at Jawaharlal Nehru University, told Arab News on Sunday.
“It is also important as the visit to Saudi Arabia comes at a time of great regional turbulence and uncertainty in international politics, given that Saudi Arabia and India are two of the G20 members and have a similarity of views in regional and global issues.”
Two-way flow of investments, energy security, food security and defense cooperation are likely to be high on the agenda, he said, adding that discussions on the India-Middle East-Europe Economic Corridor Agreement are likely to be “top on the priority list,” referring to the trade connectivity plan.
As both countries are working on their respective development plans, namely the Saudi Vision 2030 and India’s Viksit Bharat 2047, they have “ample opportunities to collaborate among businesses and the private sector” across various sectors, including energy, logistics and infrastructure, he added.
Modi’s trip will also boost India’s role in geopolitics, according to Mohammed Soliman, senior fellow at the Middle East Institute in Washington D.C.
“Modi’s visit to Saudi Arabia marks a pivotal moment in the deepening of the India-Saudi strategic partnership — strengthening economic ties with $40 billion in trade, securing vital energy supplies, and elevating India’s voice in West Asian geopolitics,” he told Arab News.
“The visit positions India as a key player in West Asia.”
