Saudi Crown Prince and Prime Minister of the Kingdom of Saudi Arabia (KSA), Mohammed bin Salman is set to visit New Delhi next month ahead of the G20 summit in Indonesia’s Bali, as per sources. Mohammed bin Salman’s visit is reportedly on PM Modi’s invitation. PM Modi is said to have sent a letter to the Saudi Crown Prince in September inviting him to India. The agenda of the said meeting is not clear yet.
Saudi Energy Minister Abdulaziz bin Salman visited India this week, as OPEC+ decided to cut oil production.
Notably, India and Saudi Arabia held discussions on the feasibility of institutionalising Rupee-Riyal trade, and the introduction of UPI and Rupay cards in the kingdom, the commerce ministry said on Monday.
“Diversification and expansion of trade and commerce, removal of trade barriers… automatic registration and marketing authorization of Indian pharma products in Saudi Arabia, the feasibility of institutionalizing Rupee-Riyal trade, the introduction of UPI and Rupay cards in Saudi Arabia; were amongst the key points of discussion,” it said.
These issues, among others, were discussed during the visit of Commerce and Industry Minister Piyush Goyal to Riyadh during September 18-19.
Goyal and Saudi Minister for Energy Prince Abdulaziz bin Salman Al-Saud co-chaired the ministerial meeting of the Committee on Economy and Investments of the council.
