The two sides will also hold delegation level talks. Several agreements are expected to be signed following the talks between the two leaders.
The Crown Prince was accorded ceremonial reception at the Rashtrapati Bhawan Wednesday morning.
Speaking to the media, the Crown Prince said that he wants the relationship between India and Saudi Arabia to be maintained and improved for the sake of both countries. He also expressed confidence that the leadership of the two countries can create good things for Saudi Arabia and India.
External Affairs Minister Sushma Swaraj also called on Crown Prince Mohammad Bin Salman bin Abdulaziz Al Saud. They discussed ways to add momentum to the relationship in various fields including trade, investment, defence, security, and regional cooperation.
The Crown Prince will also call on President Ram Nath Kovind this evening. The Crown Prince, who is also the Vice President of the Council of Ministers and Minister of Defence of the Kingdom of Saudi Arabia, is accompanied by a high-level delegation, including Ministers, senior officials and leading Saudi businessmen.
In recent years, there has been significant progress in bilateral cooperation in key areas of mutual interest. The bilateral trade was 27.48 billion dollars during the last financial year 2017-18, making Saudi Arabia, India’s 4th largest trading partner.
Saudi Arabia contributes significantly to India’s energy security needs by supplying about 20 percent of crude requirements to India.