The union ministry of chemicals and fertilisers held a bilateral meeting with the ministry of industry and minerals of the Kingdom of Saudi Arabia to strengthen cooperation in the chemicals and petrochemicals sector. The discussions were led by Khalil bin Ibrahim bin Salamah, Vice Minister of Industry and Minerals, and Nivedita Shukla Verma, Secretary, Department of Chemicals and Petrochemicals, Government of India.
Focus on Investment and Technological Collaboration
Both sides engaged in productive discussions to enhance bilateral cooperation and promote investments. They also focused on identifying new areas of collaboration in the rapidly evolving chemical and petrochemical industries. The dialogue emphasized the potential for joint ventures and partnerships that could contribute to industrial growth in both nations.
Commitment to Research, Development, and Skill Enhancement
India and Saudi Arabia agreed to collaborate on research and development initiatives and advance skill development programs to strengthen technical capabilities within the sector. These initiatives aim to promote innovation, sustainability, and knowledge exchange between the two countries.
Strengthening Strategic and Economic Ties
Both nations reaffirmed their shared commitment and pledged to build a sustainable, long-term partnership. This partnership aims to benefit their respective economies and support global energy and materials transitions. As reported by newsonair.gov.in, the Ministry stated that this collaboration will deepen strategic and economic relations between India and Saudi Arabia. It will also advance mutual growth in the chemicals and petrochemicals sector.
