What are the key areas of collaboration between India and Saudi Arabia
India and Saudi Arabia signed an MoU in Electrical Interconnections, Green/Clean Hydrogen, and Supply Chains.
- Electrical Interconnections: The MoU signed between India and Saudi Arabia in this area aims to enhance cooperation and collaboration in the field of electricity, particularly the development of electrical interconnections. This would include establishing power transmission lines, sharing technical expertise, and promoting the exchange of electricity between the two countries. This collaboration would help in meeting the growing energy demand in both countries and also contribute to greater energy security and stability in the region.
- Green/Clean Hydrogen: Another key area of collaboration between India and Saudi Arabia is in the field of green/clean hydrogen. Both countries recognize the potential of hydrogen as a clean energy source and are committed to exploring collaboration in this area. This could involve cooperation in research and development, sharing best practices, and exploring opportunities for investment in the production and distribution of green hydrogen.
- Supply Chains: The MoU also focuses on enhancing collaboration in supply chains. The aim is to establish reliable and efficient supply chains for various goods and services between the two countries. This would involve identifying key areas of collaboration, promoting investments, and facilitating trade and economic cooperation in sectors such as manufacturing, agriculture, technology, and infrastructure.
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