Saudi Arabia and India are working to deepen their industrial ties as part of ongoing efforts to enhance bilateral cooperation across key sectors.

Saudi Minister of Industry and Mineral Resources Bandar Alkhorayef met with senior Indian ministers during his official visit to New Delhi on Monday, with a focus on expanding industrial partnerships and attracting investments.

In his discussions with Indian Minister of Industry and Supply Shri Piyush Goyal, Alkhorayef emphasized the robust economic relations between the two nations and explored opportunities for enhanced cooperation in strategic industrial sectors.

Alkhorayef also held separate meetings with India’s Minister of Chemicals and Fertilizers Jagat Prakash Nadda and Union Minister of Heavy Industries HD Kumaraswamy.

The talks covered various industries, including petrochemicals, fertilizers, pharmaceuticals, medical devices, heavy machinery, and automobiles.

Saudi Arabia and India are looking to foster collaboration in the petrochemical and fertilizer industries, with both countries expressing interest in strengthening partnerships in pharmaceuticals and medical devices.

Additionally, the two sides discussed opportunities in the machinery and automotive sectors, including spare parts, as well as industrial integration.

The discussions also focused on Saudi Arabia's national strategy for industrial growth, with particular attention to the iron and steel sector.

India has expressed interest in collaborating on magnesium ore extraction in Saudi Arabia, which is critical for the production of refractory raw materials used in the iron and steel industry.

Alkhorayef’s visit underscores both nations' commitment to expanding their industrial cooperation, aiming to unlock new investment opportunities and support the growth of key sectors in both countries.