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  • 8:51 PM IST

    ‘India has set a target of doubling its economy to $ 5 trillion in the
    next five years. Today in India, if we want to speed up development, then we
    have to understand the emerging trends,’ says PM Modi at Future Investment
    Initiative (FII), Riyadh.

  • 8:50 PM IST

    ‘Today, India has become one of the world’s third largest startups
    ecosystem. Many of our startups are investing globally,’ says PM Modi at Future
    Investment Initiative (FII), Riyadh.

  • 8:48 PM IST

    ‘The aim of this forum is not only to discuss the economic system here
    but also to understand the rising trends of the world and look for ways aimed
    at global welfare,’ says PM Modi at Future Investment Initiative (FII), Riyadh.

  • 8:47 PM IST

    ‘Our relations with Saudi Arabia is several years old. Our ancient
    relations have built a strong foundation for our strategic partnership,’ says
    PM Modi at Future Investment Initiative (FII), Riyadh.

  • 8:44 PM IST

    PM Modi Delivers Keynote Address at Future Investment Initiative in

  • 7:53 PM IST

    Prime Minister Narendra Modi meets King of Saudi Arabia, Salman bin
    Abdulaziz Al Saud and other delegations, in Riyadh.

  • 3:36 PM IST

    Prime Minister Narendra Modi holds talks with Prince
    Abdulaziz Bin Salman, Saudi Arabia’s Minister of Energy. Both dignitaries talk about
    efforts to improve energy cooperation between the two nations.

  • 1:39 PM IST

    PM Modi in Saudi Arabia LIVE: Prime Minister Narendra Modi meets Saudi Arabia’s Minister of Environment, Water and Agriculture, Abdulrahman bin Abdulmohsen Al-Fadley, in Riyadh

  • 9:54 AM IST

    PM Modi in Saudi Arabia LIVE: PM Modi’s interview in Arab News (Screenshot from Arab News)

  • 9:37 AM IST

    PM Modi in Saudi Arabia LIVE: We share similar security concerns

    Talking about the threats of terrorism that both Indian and Saudi Arabia are facing, PM Modi said, “I believe that Asian powers like India and Saudi Arabia share similar security concerns in their neighbourhood. In that respect, I’m happy that our cooperation, particularly in the fields of counter-terrorism, security & strategic issues, is progressing very well.”

New Delhi: Prime Minister Narendra Modi on Tuesday invited the global investors to invest in India, saying the country has become world’s third-largest start-up ecosystem. He also said global investors should benefit from the Indian start-up ecosystem.

“Today India has become the world’s 3rd largest start-up ecosystem. Even in tier-2 and 3 cities of India, startups have come up. Our start-ups have started investing at a global scale. I invite global investors to benefit from our start-up ecosystem,” PM Modi said while delivering the keynote address at the Future Investment Initiative (FII) in Saudi Arabia

Prime Minister Narendra Modi early Tuesday morning arrived at King Khalid International Airport in Riyadh for his two-day visit to Saudi Arabia during which he attended the third edition of the country’s high-profile annual financial conference.

The Prime Minister was received by the Governor of Riyadh HRH Prince Faisal bin Bandar Al Saud along with other Saudi officials and will be staying at the King Saud Palace during his visit to the Gulf Kingdom. PM Modi was invited by Saudi King Salman Bin Abdulaziz Al Saud for the three-day Future Investment Initiative (FII) forum that begins today.

“Landed in the Kingdom of Saudi Arabia, marking the start of an important visit aimed at strengthening ties with a valued friend. Will be taking part in a wide range of programmes during this visit,” the Prime Minister tweeted from his official account.

The two leaders held bilateral talks and signed a number of agreements in key sectors including oil and gas, renewable energy, finance and civil aviation to bolster the ties between the nations. At the forum, PM Modi also launched the RuPay card in the Gulf Kingdom in front of several ministers of the Saudi leadership as well as discuss global trade and explore trends, opportunities and challenges in shaping up an investment landscape worldwide.

A number of world leaders such as King Abdullah of Jordan, Brazilian President Jair Bolsonaro, Nigerian President Muhammadu Buhari, Kenyan President Uhuru Kenyattta and former British Prime Minister David Cameron are attending the annual forum. It was attended by more than 6,000 people from over 30 countries.

Mukesh Ambani, Chairman and Managing Director, Reliance Industries Limited, India, also spoke at the forum. PM Modi will deliver his keynote address titled as ‘What’s next for India?’ at the FII forum, which is also known as ‘Davos in the Desert’, hosted in Riyadh every year since 2017.

His address was followed by an interaction with a moderator where PM Narendra Modi will speak on India’s economy, the challenges it is facing as well as opportunities for equitable growth and prosperity.

Meanwhile, PM Modi’s visit to Saudi Arabia assumes significance amid tensions between India and Pakistan following the abrogation of Article 370 of the Indian Constitution that accorded special status to Jammu and Kashmir. Showing resistance, the neighbouring country turned down New Delhi’s request to use the airspace for the PM to fly over to the Kingdom.

This is Prime Minister Narendra Modi’s second visit to the Gulf Kingdom since 2016 when King Salman had conferred him with Saudi’s highest civilian award. Notably, the Crown Prince recently visited India, giving a fillip to the bilateral ties. India’s bilateral trade with Gulf nation stood at $27.48 billion in 2017-18, making India its fourth-largest trading partner.