On Sunday, Dr. Subrahmanyam Jaishankar, the Indian Minister of Foreign Affairs, affirmed the historic and deep-rooted relationship between India and Kuwait, emphasizing their agreement on numerous significant issues. Speaking to the Kuwait News Agency (KUNA) during his official visit to Kuwait, Minister Jaishankar highlighted Kuwait’s position as India’s sixth-largest energy partner. He noted that over one million Indian citizens live in Kuwait and contribute about one billion US dollars in remittances annually. He also pointed out the substantial investments made by the Kuwait Investment Authority in India and the increasing interest in foreign direct investment in India.

Dr. Jaishankar mentioned that bilateral trade between the two nations consistently ranges between 10 and 15 billion US dollars, with numerous Indian companies involved in infrastructure projects and various service sectors. He added that discussions are ongoing regarding a free trade agreement within the context of the Gulf Cooperation Council (GCC). The minister indicated Kuwait’s interest in collaborating with India on food security and addressing specific issues related to anti-dumping duties. He also highlighted the potential for expanded cooperation in pharmaceuticals and medical equipment, noting that recognizing the Indian Pharmacopoeia would be advantageous.

Regarding future relations with GCC countries, Dr. Jaishankar stated that India views the GCC as a key partner, emphasizing the close economic, security, and political ties. He noted that the GCC accounts for one-sixth of India’s total trade and one-third of its expatriate communities. Additionally, he pointed out that 30 percent of India’s oil needs and 70 percent of its gas needs are imported from GCC countries. During Prime Minister Narendra Modi’s tenure, India has prioritized strengthening its relationships with GCC nations.