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India, Saudi Arabia deepen tech ties to boost trade
The post India, Saudi Arabia deepen tech ties to boost trade appeared on BitcoinEthereumNews.com. Homepage > News > Business > India, Saudi Arabia deepen tech ties to boost trade India, the world’s fastest-growing major economy, has engaged with Saudi Arabia in sectors including technology, fintech, digital infrastructure, and telecommunications to strengthen the bilateral relationship between the two nations. Indian Prime Minister Narendra Modi was on a two-day State visit to the Kingdom of Saudi at the invitation of Crown Prince and Prime Minister, His Royal Highness Prince Mohammed bin Salman. During the visit, India and Saudi Arabia reaffirmed their commitment to deepen collaboration in technology, with particular emphasis on advancing partnerships in cutting-edge areas such as artificial intelligence (AI), cybersecurity, and semiconductor innovation. Recognizing the growing relevance of effective digital governance, both nations agreed to investigate potential avenues for joint efforts in shaping policies and frameworks within this sphere. Among the agreements, both nations signed a Memorandum of Understanding (MoU) between the Saudi Space Agency and the Department of Space of India, for cooperation in “space activities for peaceful purposes.” This MoU focuses on space cooperation and is expected to open up new opportunities for collaboration in various aspects of space exploration and technology. These include joint work on launch vehicle development, spacecraft operations, satellite ground systems, and practical applications of space-based technologies. The MoU also envisions partnerships in scientific research, academic exchange programs, and the promotion of space-related entrepreneurship. “India deeply values its long and historic ties with Saudi Arabia that have acquired strategic depth and momentum in recent years. Together, we have developed a mutually beneficial and substantive partnership including in the domains of defence, trade, investment, energy and people to people ties. We have shared interest and commitment to promote regional peace, prosperity, security and stability,” Modi said in a statement. The two countries also welcomed the recent signing of an…
The post India, Saudi Arabia deepen tech ties to boost trade appeared on BitcoinEthereumNews.com.
Homepage > News > Business > India, Saudi Arabia deepen tech ties to boost trade India, the world’s fastest-growing major economy, has engaged with Saudi Arabia in sectors including technology, fintech, digital infrastructure, and telecommunications to strengthen the bilateral relationship between the two nations. Indian Prime Minister Narendra Modi was on a two-day State visit to the Kingdom of Saudi at the invitation of Crown Prince and Prime Minister, His Royal Highness Prince Mohammed bin Salman. During the visit, India and Saudi Arabia reaffirmed their commitment to deepen collaboration in technology, with particular emphasis on advancing partnerships in cutting-edge areas such as artificial intelligence (AI), cybersecurity, and semiconductor innovation. Recognizing the growing relevance of effective digital governance, both nations agreed to investigate potential avenues for joint efforts in shaping policies and frameworks within this sphere. Among the agreements, both nations signed a Memorandum of Understanding (MoU) between the Saudi Space Agency and the Department of Space of India, for cooperation in “space activities for peaceful purposes.” This MoU focuses on space cooperation and is expected to open up new opportunities for collaboration in various aspects of space exploration and technology. These include joint work on launch vehicle development, spacecraft operations, satellite ground systems, and practical applications of space-based technologies. The MoU also envisions partnerships in scientific research, academic exchange programs, and the promotion of space-related entrepreneurship. “India deeply values its long and historic ties with Saudi Arabia that have acquired strategic depth and momentum in recent years. Together, we have developed a mutually beneficial and substantive partnership including in the domains of defence, trade, investment, energy and people to people ties. We have shared interest and commitment to promote regional peace, prosperity, security and stability,” Modi said in a statement. The two countries also welcomed the recent signing of an…
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