07 Feb 2025
RIYADH: Saudi Arabia is exploring collaboration opportunities with India’s largest business conglomerate Tata Group in multiple sectors, including military, aviation, and electronics.
According to a Saudi Press Agency report, the Kingdom’s Minister of Industry and Mineral Resources, Bandar Alkhorayef, met with officials of the group’s affiliates, Tata Aerospace & Defence, Tata Electronics, and Tata Steel, where he discussed cooperation avenues.
During the meeting, the Saudi minister outlined the economic diversification goals of the Vision 2030 program and highlighted investment opportunities in the country’s industrial sector.
The Indian conglomerate’s affiliate Tata Motors is already operating in Saudi Arabia, with the automobile manufacturer celebrating its 30th anniversary in the Kingdom in November.
India and Saudi Arabia share a strong trade and bilateral relationship, and according to the latest report by the General Authority for Statistics, India was the second favorite destination for the Kingdom’s non-oil exports in November, with outbound shipments to the Asian nation amounting to SR2.52 billion ($670 million) — a rise of 19.43 percent compared to the previous month.
During the meeting with Alkhorayef, Sukaran Singh, CEO of Tata Advanced Systems, showcased the company’s products, including military aircraft and vehicles.
He also highlighted the firm’s expertise in designing, building, and operating military factories.