Saudi Arabia explores partnership opportunities with India’s Tata Group.

Saudi Arabia is exploring collaboration opportunities with India’s largest business conglomerate Tata Group in multiple sectors, including military, aviation, and electronics.

During the meeting, the Saudi minister outlined the economic diversification goals of the Vision 2030 program and highlighted investment opportunities in the country’s industrial sector.

The Indian conglomerate’s affiliate Tata Motors is already operating in Saudi Arabia, with the automobile manufacturer celebrating its 30th anniversary in the Kingdom in November.

India and Saudi Arabia share a strong trade and bilateral relationship, and according to the latest report by the General Authority for Statistics, India was the second favorite destination for the Kingdom’s non-oil exports in November, with outbound shipments to the Asian nation amounting to SR2.52 billion ($670 million) — a rise of 19.43 percent compared to the previous month.

Source: ARABNEWS