Riyadh: The Indian Ambassador in Saudi Arabia, Dr. Ausaf Sayeed, Friday said talks are on with concerned authorities to establish Indian Institute of Technology (IIT) campus, most probably that of IIT Delhi, in the Kingdom.
"With the education sector witnessing changes, the Kingdom has expressed interest in setting up an Indian Institute of Technology (IIT) campus in Saudi Arabia", Dr Sayeed said during a webinar to discuss the impact of Covid-19 pandemic on Indo-Saudi bilateral economic relations.
“We are in talks with the pertinent authorities to allow an IIT campus which could be a win-win situation for both countries, and the likelihood is that IIT Delhi could set up its campus in Saudi Arabia", he added.
The Indian Institutes of Technology are premier autonomous public technical and research universities located across India. Brainchild of Maulana Abul Kalam Azad, independent India's first Education Minister, the first IIT was established in August 1951 at Kharagpur. As of today there are 23 IITs in India, including the one in New Delhi.
Dr. Sayeed said that Saudi Arabia is India's fourth largest trading partner and 39th largest investor with FDI close to $318m in past two decades.
"During 2019, $100 billion MoUs were signed, and recently the Saudi Public Investment Fund (PIF) invested $1.5 in telecom company in India with additional investment interests in multiple startups showcasing importance of the upcoming innovative solutions from India", he said, according to Saudi Gazette.
“India enjoys edge in technology and better economics in the domain of pharmaceutical, information technology, tourism, education and chemical industries where lot of business interest are seen. India continues to remain third largest importer during last quarter despite global slowdown", he said.
“Similarly, Saudi Arabia has shown increasing imports from India in certain sectors viz cereals, organic chemicals, automobile accessories, mineral fuels. The creation of Strategic Partnership Council (SPC) and joint working groups beneath in IT, energy, industrial infrastructure, agriculture and food security is expected to reveal growing relationship with India,” Dr. Sayeed said highlighting the bilateral relations between the two countries.
For all the latest News, Opinions and Views, download ummid.com App.
Select Language To Read in Urdu, Hindi, Marathi or Arabic.
China's newly built military base at Finger 5 cuts off Indian Army
Also Read
Indian troops at vantage point overlooking PLA positions at Pangong Lake
HC lifts stay on Sudarshan TV's 'UPSC Jihad' expose show after Modi govt's nod
Microsoft hacking claim is to ensure smooth buyout of TikTok: Chinese experts
Swami Agnivesh: Crusader, Minister and 'Bigg Boss' contestant, dies at 80
AMU to bury 2nd time capsule 143 years after the 1st
Rhea Chakraborty Bail Plea: Mumbai court reserves order till Friday
Rhea arrested; hounded for loving a drug addict, says her lawyer
Apex Court says Maratha is not a marginalised community
SC stays Maratha quota "for now"
India Corona Count surges past 45 lakh mark
UP adds 7,042 new Corona cases Friday, Lucknow hotspot
Varsities across Muslim world celebrate the legacy of Abu Nasr Al-Farabi
After UAE, Bahrain embraces Israel