- Finance Minister Sitharaman met Saudi Arabia's Investment Minister Khalid Al Falih in New Delhi
- They discussed the Bilateral Investment Treaty to enhance two-way foreign direct investment
- Both leaders sought an early conclusion of the Bilateral Investment Treaty to boost cooperation
Finance Minister Nirmala Sitharaman on Wednesday met Saudi Arabia's Minister of Investment Khalid Al Falih in New Delhi, and the two leaders discussed the Bilateral Investment Treaty.
"The two leaders discussed Bilateral Investment Treaty #BIT between India and Saudi Arabia, and also sought an early conclusion of the #BIT to unlock robust two-way foreign direct investment and to further deepen mutual cooperation," the finance ministry said in a post on X.
India stands as the second-largest trading partner of Saudi Arabia, while the Kingdom ranks as India's fifth-largest.
In fiscal 2024-25, bilateral trade stood at fiscal 41.88 billion, with Indian exports at $11.76 billion and imports at $30.12 billion.
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