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Prime Minister Modi meets business leaders in Saudi Arabia

Published By : Admin | April 3, 2016 | 13:40 IST
Prime Minister Narendra Modi holds talks with business leaders of Saudi Arabia
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The Prime Minister, Shri Narendra Modi, today interacted with 30 Saudi CEOs and Indian business leaders in Riyadh. He described India and Saudi Arabia as old friends, ready to take bold new steps to a golden future.

Emphasizing the strength of ties between the two countries, he recalled King Salman mentioning that he was taught by an Indian teacher.

He said India had a unique combination of democracy, demography and demand, and several policy initiatives had been taken over the last two years to spur growth and progress.

Speaking about the health sector, he said there was tremendous scope for investment in the manufacturing of medical devices. He said India's health sector which is globally extremely cost competitive, offers immense scope for health tourism. He added that Indian nurses, present in large numbers in the Gulf, are a testament to our well-trained manpower.

He called for taking the economic relationship beyond export and import, to technology transfers and joint investment.

He assured Saudi investors that retrospective taxation was a thing of the past, and his Government believes in a predictable long term taxation regime. He mentioned petroleum, renewable energy, infrastructure, and defence manufacturing, as possible areas for Saudi investment. He said Saudi investment in fertilizers, warehousing, cold chain facilities and agriculture, would be a win-win partnership, as it would ensure good quality food products for Saudi Arabia.

He said India and Saudi Arabia should look at working together in the field of cyber-security.

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PM to visit Assam on 20-21 December
December 19, 2025
PM to inaugurate and lay the foundation stone of projects worth around Rs. 15,600 crore in Assam
PM to inaugurate New Terminal Building of Lokapriya Gopinath Bardoloi International Airport in Guwahati
Spread over nearly 1.4 lakh square metres, New Terminal Building is designed to handle up to 1.3 crore passengers annually
New Terminal Building draws inspiration from Assam’s biodiversity and cultural heritage under the theme “Bamboo Orchids”
PM to perform Bhoomipujan for Ammonia-Urea Fertilizer Project of Assam Valley Fertilizer and Chemical Company Limited at Namrup in Dibrugarh
Project to be built with an estimated investment of over Rs. 10,600 crore and help meet fertilizer requirements of Assam & neighbouring states and reduce import dependence
PM to pay tribute to martyrs at Swahid Smarak Kshetra in Boragaon, Guwahati

Prime Minister Shri Narendra Modi will undertake a visit to Assam on 20-21 December. On 20th December, at around 3 PM, Prime Minister will reach Guwahati, where he will undertake a walkthrough and inaugurate the New Terminal Building of Lokapriya Gopinath Bardoloi International Airport. He will also address the gathering on the occasion.

On 21st December, at around 9:45 AM, Prime Minister will pay tribute to martyrs at Swahid Smarak Kshetra in Boragaon, Guwahati. After that, he will travel to Namrup in Dibrugarh, Assam, where he will perform Bhoomi Pujan for the Ammonia-Urea Project of Assam Valley Fertilizer and Chemical Company Ltd. He will also address the gathering on the occasion.

Prime Minister will inaugurate the new terminal building of Lokapriya Gopinath Bardoloi International Airport in Guwahati, marking a transformative milestone in Assam’s connectivity, economic expansion and global engagement.

The newly completed Integrated New Terminal Building, spread over nearly 1.4 lakh square metres, is designed to handle up to 1.3 crore passengers annually, supported by major upgrades to the runway, airfield systems, aprons and taxiways.

India’s first nature-themed airport terminal, the airport’s design draws inspiration from Assam’s biodiversity and cultural heritage under the theme “Bamboo Orchids”. The terminal makes pioneering use of about 140 metric tonnes of locally sourced Northeast bamboo, complemented by Kaziranga-inspired green landscapes, japi motifs, the iconic rhino symbol and 57 orchid-inspired columns reflecting the Kopou flower. A unique “Sky Forest”, featuring nearly one lakh plants of indigenous species, offers arriving passengers an immersive, forest-like experience.

The terminal sets new benchmarks in passenger convenience and digital innovation. Features such as full-body scanners for fast, non-intrusive security screening, DigiYatra-enabled contactless travel, automated baggage handling, fast-track immigration and AI-driven airport operations ensure seamless, secure and efficient journeys.

Prime Minister will visit the Swahid Smarak Kshetra to pay homage to the martyrs of the historic Assam Movement, a six-year-long people’s movement that embodied the collective resolve for a foreigner-free Assam and the protection of the State’s identity.

Later in the day, Prime Minister will perform Bhoomipujan of the new brownfield Ammonia-Urea Fertilizer Project at Namrup, in Dibrugarh, Assam, within the existing premises of Brahmaputra Valley Fertilizer Corporation Limited (BVFCL).

Furthering Prime Minister’s vision of Farmers’ Welfare, the project, with an estimated investment of over Rs. 10,600 crore, will meet fertilizer requirements of Assam and neighbouring states, reduce import dependence, generate substantial employment and catalyse regional economic development. It stands as a cornerstone of industrial revival and farmer welfare.