PM Modi's Saudi Agenda Big On Oil And Indian Workers

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PM Modi's Saudi Agenda Big On Oil And Indian Workers

PM Modi was received at the King Khalid International Airport by Governor of Riyadh Prince Faisal Bin Bandar Al Saud.

Riyadh: 

Highlights

  1. PM Modi will discuss energy, security, and trade with Saudi leaders
  2. India keen to take advantage of low crude prices by signing deals
  3. PM Modi likely to discuss 'well-being' of 2.96 million Indian expatriates
Indian Prime Minister Narendra Modi arrived Saturday in Saudi Arabia where he will discuss energy, security, and trade cooperation with leaders of the world's largest crude exporter.

India, which imports around 80 percent of its oil needs, is keen to take advantage of low crude prices by signing overseas deals that will help secure supplies to meet its growing demand.

"Almost 20 percent of our crude supplies come from Saudi Arabia," Indian foreign ministry official Shri Mridul Kumar said ahead of the visit.

"We have to make sure that this supply continues. And this is one of the key agenda points that Prime Minister will be discussing with King Salman," he added.

The Saudi Press Agency reported PM Modi's arrival but gave no immediate details on the visit.

Mr Kumar said Modi was also expected to discuss means "to ensure the well being" of 2.96 million Indian expatriates in Saudi Arabia who send over $10 billion in remittances every year.

"This very important visit will allow discussions on all issues of bilateral importance, regional and multilateral importance," he said.
 

Security cooperation is also expected to be on the agenda of the talks.

Indian officials will discuss the Muslim hajj to ensure that it will take place smoothly, particularly after a stampede at the annual pilgrimage in September killed more than 2,000 pilgrims, including 116 Indians.

Muslim pilgrims have blamed the stampede on police road closures and poor Saudi management of the flow of hundreds of thousands of people, who found escape routes blocked when the crush occurred.

Security cooperation is also expected to be on the agenda of the talks, Kumar said.

Saudi Arabia and the US Treasury this week announced that they had jointly imposed sanctions on four individuals and two organisations with alleged links to Al-Qaeda, Taliban, and Lashkar-e-Taiba (LeT) -- which India blames for the 2008 Mumbai attacks that killed 166 people.

Among those sanctioned was Saudi-based Muhammad Ijaz Safarash, who allegedly provided financial, material, or technological support for the Pakistan-based militant group LeT.

Modi will also meet Sunday with Saudi business leader to discuss boosting bilateral investment.

"Saudi Arabia is our fourth largest trading partner" with exports to the kingdom exceeding $11 billion, said Kumar.

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