Piyush Goel to strengthen India-Saudi relations and launch diwali fest at Lulu in Riyadh

Union Minister of Commerce and Industry, Piyush Goyal, will visit Saudi Arabia from October 29-30. His trip aims to deepen the India-Saudi Arabia strategic partnership while exploring new opportunities for trade and investment. This visit underscores India’s growing presence in the global economy.

During his visit, Goyal will participate in the 8th edition of the Future Investment Initiative (FII) in Riyadh. This crucial platform gathers global leaders, investors, and innovators to discuss investment strategies and economic growth. Furthermore, Goyal will inaugurate the Diwali Utsav at Lulu Hypermarket, where he will engage with the vibrant Indian community and interact with Chartered Accountants and emerging leaders from various backgrounds.

In addition, Goyal will unveil the One District, One Product (ODOP) Wall at the Indian Embassy. This initiative promotes India’s rich cultural heritage and local craftsmanship on a global scale. The ODOP initiative showcases unique products from different districts, highlighting India’s diversity and creativity.

Goyal’s agenda includes bilateral meetings with key Saudi ministers, such as the Minister of Commerce, Minister of Industry and Mineral Resources, Minister of Investment, and Minister of Energy. These discussions will focus on collaborative efforts in energy transition, digital transformation, and trade facilitation. Goyal will co-chair the 2nd Ministerial Meeting of the Economy and Investment Committee under the India-Saudi Strategic Partnership Council. The meeting will target sectors like agriculture, food security, energy, technology, and infrastructure.

The Riyadh visit for the 8th FII aims to lay a strong foundation for advancing business-to-business engagement. Goyal’s participation will highlight India’s rapid economic growth and its focus on sustainable development, artificial intelligence, and opportunities in renewable energy and advanced manufacturing.

Additionally, on the sidelines of the FII, Goyal will engage with prominent global investors. These interactions will seek to strengthen investor confidence, facilitate investment flows, and promote India as a preferred global investment destination. This aligns with the Make in India initiative, which encourages foreign investments and showcases India as an attractive market.

In conclusion, Goyal’s upcoming visit signifies a commitment to enhancing India-Saudi relations, promoting cultural ties, and attracting investment, ultimately benefiting both nations.