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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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Cabinet approves three new corridors as part of Delhi Metro’s Phase V (A) Project
December 24, 2025

The Union Cabinet chaired by the Prime Minister, Shri Narendra Modi has approved three new corridors - 1. R.K Ashram Marg to Indraprastha (9.913 Kms), 2. Aerocity to IGD Airport T-1 (2.263 kms) 3. Tughlakabad to Kalindi Kunj (3.9 kms) as part of Delhi Metro’s Phase – V(A) project consisting of 16.076 kms which will further enhance connectivity within the national capital. Total project cost of Delhi Metro’s Phase – V(A) project is Rs.12014.91 crore, which will be sourced from Government of India, Government of Delhi, and international funding agencies.

The Central Vista corridor will provide connectivity to all the Kartavya Bhawans thereby providing door step connectivity to the office goers and visitors in this area. With this connectivity around 60,000 office goers and 2 lakh visitors will get benefitted on daily basis. These corridors will further reduce pollution and usage of fossil fuels enhancing ease of living.

Details:

The RK Ashram Marg – Indraprastha section will be an extension of the Botanical Garden-R.K. Ashram Marg corridor. It will provide Metro connectivity to the Central Vista area, which is currently under redevelopment. The Aerocity – IGD Airport Terminal 1 and Tughlakabad – Kalindi Kunj sections will be an extension of the Aerocity-Tughlakabad corridor and will boost connectivity of the airport with the southern parts of the national capital in areas such as Tughlakabad, Saket, Kalindi Kunj etc. These extensions will comprise of 13 stations. Out of these 10 stations will be underground and 03 stations will be elevated.

After completion, the corridor-1 namely R.K Ashram Marg to Indraprastha (9.913 Kms), will improve the connectivity of West, North and old Delhi with Central Delhi and the other two corridors namely Aerocity to IGD Airport T-1 (2.263 kms) and Tughlakabad to Kalindi Kunj (3.9 kms) corridors will connect south Delhi with the domestic Airport Terminal-1 via Saket, Chattarpur etc which will tremendously boost connectivity within National Capital.

These metro extensions of the Phase – V (A) project will expand the reach of Delhi Metro network in Central Delhi and Domestic Airport thereby further boosting the economy. These extensions of the Magenta Line and Golden Line will reduce congestion on the roads; thus, will help in reducing the pollution caused by motor vehicles.

The stations, which shall come up on the RK Ashram Marg - Indraprastha section are: R.K Ashram Marg, Shivaji Stadium, Central Secretariat, Kartavya Bhawan, India Gate, War Memorial - High Court, Baroda House, Bharat Mandapam, and Indraprastha.

The stations on the Tughlakabad – Kalindi Kunj section will be Sarita Vihar Depot, Madanpur Khadar, and Kalindi Kunj, while the Aerocity station will be connected further with the IGD T-1 station.

Construction of Phase-IV consisting of 111 km and 83 stations are underway, and as of today, about 80.43% of civil construction of Phase-IV (3 Priority) corridors has been completed. The Phase-IV (3 Priority) corridors are likely to be completed in stages by December 2026.

Today, the Delhi Metro caters to an average of 65 lakh passenger journeys per day. The maximum passenger journey recorded so far is 81.87 lakh on August 08, 2025. Delhi Metro has become the lifeline of the city by setting the epitome of excellence in the core parameters of MRTS, i.e. punctuality, reliability, and safety.

A total of 12 metro lines of about 395 km with 289 stations are being operated by DMRC in Delhi and NCR at present. Today, Delhi Metro has the largest Metro network in India and is also one of the largest Metros in the world.