India has emerged as an oasis of stability in region
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The historic visit of Prime Minister Narendra Modi to Saudi Arabia in April 2016 gave a fillip to our growing engagements with Saudi Arabia, which has taken an upward strategic direction.
I am delighted to mention that Saudi Arabia has accorded India the privilege of being the “Guest of Honour” at the 32nd edition of “Janadriyah” — the annual Saudi National Heritage and Culture Festival — scheduled to be held for 18 days from Feb. 7, 2018.
We are grateful to King Salman, Crown Prince Mohammed bin Salman and the entire Saudi leadership for according this great honor to India.
The Kingdom has always taken cognizance of India’s historical socio-economic-cultural bonding with people in the Arabian Peninsula.
The momentum of warmth and proximity in the bilateral engagement generated by the historic visit of Prime Minister Narendra Modi to Riyadh and his interactions with the entire Saudi leadership, during which he emphasized on upgrading the present Indo-Saudi Buyer Seller relationship into a more comprehensive strategic partnership.
A high-level ministerial delegation will be visiting Riyadh for the inaugural ceremony of the festival.
The festival provides us an effective platform to showcase India’s growing economic might, industrial prowess and the magic of our cultural performances.
Our participation in the festival will cover three broad areas: (i) setting up of stalls inside a big covered hall called India Pavilion, with participation of various ministries and corporates to represent India’s economic and technological strength in a befitting manner; (ii) cultural performances reflecting classical and contemporary forms of dances, Yoga as well as screening of films; and (iii) series of seminars and B2B interaction.
Saudi Arabia today is our fourth largest trade partner (after China, the US and the UAE) and is a major source of energy as we import around 19 percent of our crude oil requirement from the Kingdom.
Saudi Arabia is the 8th largest market in the world for Indian exports and is destination to more than 1.86 percent (2016-17) of India’s global exports.
According to Saudi Arabian General Investment Authority (SAGIA), there are 322 Indian companies as joint ventures/100 percent owned entities with a total investment of $1.4 billion in Saudi Arabia.
These licenses are for projects in diverse sectors such as management and consultancy services, construction projects, telecommunications, information technology, pharmaceuticals, etc.
Several Indian companies have established collaborations with Saudi companies and are working in the Kingdom in the areas of designing, consultancy, financial services and software development.
The 3.2-million strong Indian community in Saudi Arabia is the largest expatriate community in the Kingdom and is the “most preferred community” due to their expertise, sense of discipline, law abiding and peace-loving nature.
The contribution made by Indian community to the development of Saudi Arabia is well acknowledged.
During the six-month amnesty period, the departure of around 75,000 Indian over-stayers was smoothly arranged with the support of concerned Saudi authorities.
The embassy has an impressive community outreach program through consular tours, 24 x7 social media, Spandan-monthly e-newsletter, information booklet for volunteers etc. The Embassy of India has actively implemented the flagship programs of the Indian government Madad and E-migrate.
The Hajj pilgrimage is another important component of bilateral interaction.
During Hajj 2018, around 175,000 Indians are expected to visit the Kingdom to perform Hajj.
A large number of Indians also visit the Kingdom to perform Umrah every year.
I appreciate the elaborate arrangements made by the Saudi authorities to ensure the safety, security and comfort of the Indian pilgrims of Hajj and Umrah.
I am also thankful to the Saudi leadership for their overwhelming support in redressing the grievances of the Indian workers and repatriating them to their homeland whenever needed.
On this joyous occasion, I would also like to express my best wishes for the continued good health and prosperity of King Salman, Crown Prince Mohammed bin Salman and the friendly people of Saudi Arabia.
I take this opportunity, once again, to greet my fellow citizens in Saudi Arabia on this occasion of the 69th Republic Day of India.