Kuwait explores new eco sectors with India to reduce dependence on oil for development schemes

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Kuwait explores new eco sectors with India to reduce dependence on oil for development schemes

Kuwait explores new eco sectors with India to reduce dependence on oil for development schemes

Oil rich Kuwait is exploring to new sectors of economic partnership with India to execute Kuwait’s development schemes with less dependence on hydrocarbon.

Kuwait Ambassador to India Jassim Al- Najim, addressed national conference as chief guest in the prestigious Jamia Millia Islamia University in New Delhi. The convention, themed “India, China and the Arab World Exploring New Dynamics,” was organised by Indo Arab Cultural Centre at the university, in cooperation with the Kuwait Embassy

India and the Arab world relations are not confined to trade and economics but also includes fine arts, architecture and sculpture as a collection of antiquities discovered on Kuwaiti island of Failaka proves, the Ambassador noted.

“Trade between India and Kuwait flourished since the 19th century until now and Kuwait has been an important trading partner for India with total trade of $ 5.6 billion in 2016-17 and seventh largest crude oil supplier to India in the same period,” he added.

Source: Economic Times