Overview
- Finance Minister Nirmala Sitharaman and Saudi Investment Minister Khalid Al Falih agreed to push for an early conclusion of a Bilateral Investment Treaty to unlock stronger two-way investment.
- Commerce Minister Piyush Goyal separately met Al Falih to advance collaboration across technology, energy, infrastructure and startups.
- Officials pointed to structured channels such as the India–Saudi Strategic Partnership Council and recent FII engagements in Riyadh as drivers of delivery and follow-up.
- Both governments flagged deeper cooperation in chemicals and petrochemicals, a segment that accounted for roughly 10% of the $41.88 billion in bilateral trade in 2024–25.
- The talks coincided with India’s pre-Budget consultations with MSME stakeholders, signaling alignment of incoming capital with domestic economic priorities.