2023-12-17 10:24:21
The 18th G20 summit was held in India this time. Prime Minister Narendra Modi, who is also the chairman of the G20 Ucha Koti, received the world leaders at the Bharat Mandapam at Pragati Maidani, the main venue. This time, the discussion was all regarding ‘Orubhoomi’ and ‘Orukita’ vision spots for the future.
Apart from the G-20 member states, heads of eight invited countries and 14 international organizations have arrived in India to participate in the 18th summit. The current summit is the culmination of 220 G-20 meetings held in 60 cities of the country. Climate change, economic development, inflation and food issues were all discussed.
Crown Prince Mohammed bin Salman came from Saudi Arabia to attend the summit. The summit held major discussions on the Economic Corridor to be implemented between India, Gulf countries and Europe. After the summit, there was a big revival in the trade sector between the countries. Indians doing business in Saudi have received very happy news.
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The movement of goods between the two countries will be greatly enhanced. The two countries discussed their needs in exporting electricity and hydrogen. A big investment is required if the rail project comes up. Rail will come to European countries through countries like UAE, Saudi Arabia, Jordan and Israel. Discussions were also held to strengthen port development. This can greatly strengthen the movement of goods between India and Europe.
The ongoing work to connect the continents of Asia and Europe will be beneficial in a big way. By taking advantage of Saudi Arabia’s geographical location, various types of cooperation with India will be strengthened. Saudi Arabia and the United States have signed a memorandum of understanding with this. Discussions also took place to lay cables and pipelines to transport electricity and pure hydrogen.
During the visit of the Crown Prince, the Ministry of Investment had stated that the Saudi Investment Forum would be organized in India.
It has been decided to make projects to give more emphasis in the fields of industry, technology, chemicals and energy. The plan was announced by Narendra Modi, Joe Biden, Mohammed bin Salman and European leaders.
India was received by a guard of honor at Rashtrapati Bhavan in Saudi Crown Prince. After that they had a meeting with the Prime Minister. The prince thanked India for hosting the G20 summit. Saudi Prince’s arrival in India for a three-day visit has gained a lot of attention in the news. The two countries have signed several projects which will be the biggest revolution in infrastructure development in the history of the world. Their visit has become an important milestone in bilateral relations.
Saudi Arabia considers India as one of its strategic partners. The meeting between Modi and Mohammed bin Salman has strengthened the relationship between the two countries. Agreement between India, Middle East and Europe was signed at the G20 summit.
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