Please enable JavaScript.
Coggle requires JavaScript to display documents.
India-Saudi Arabia Relations - Coggle Diagram
India-Saudi Arabia Relations
Central Idea
Open support for India-Middle East-Europe Economic Corridor
Crown Prince Mohammed bin Salman’s India visit
Importance of MBS
Vision 2030's transformative reforms.
Strengthened global ties and controversies.
Liberal approach
Historical
Foundations
Riyadh Declaration in 2010 elevated ties to a strategic partnership.
King Abdullah’s visit in 2006 led to the Delhi Declaration.
PM Modi's 2016 visit strengthened cooperation.
Diplomatic relations since 1947 with deep cultural and economic ties.
Key Areas of
Cooperation
Energy
Cooperation
7.85 MMT of LPG from Saudi Arabia in FY23 (11.2% of total petroleum imports).
$44 billion West Coast Refinery and Petrochemicals Project.
39.5 MMT of crude oil from Saudi Arabia (16.7% of India's imports).
Diaspora
A community of over 2.4 million serving as a bridge.
Active contributions to Saudi society and development.
Economic
Cooperation
Indian investments in Saudi Arabia worth $2 billion.
Saudi Public Investment Fund invested in Indian startups.
Bilateral trade at $52.76 billion in FY 2022–23 (4.53% of India's total trade).
Cultural
Cooperation
Support for Indian Hajj and Umrah pilgrims.
Bonded over bollywood
Facilitating religious pilgrimages for Indian citizens.
Challenges
Security concerns due to extremism.
Issues faced by migrant workers.
Energy security dependence on Saudi oil.
Balancing relations with other Middle Eastern countries.
Geo-strategic complexities and regional conflicts.
Important
Quotes
Crown Prince Mohammed bin Salman: "Our relationship is at its highest point today."
PM Modi: "Our strategic partnership has enhanced stability and security in the region."
Way Forward
Increased cooperation in space and defense.
Expanding bilateral cooperation in various sectors.
Greater economic integration.