Home / Knowledge / News / Textiles / Developing nations influence global economic outlook: Modi

Developing nations influence global economic outlook: Modi

31
Oct '19
Pic: Shutterstock
Pic: Shutterstock
Economic uncertainty is “an offshoot of unbalanced multilateral trade systems”, according to Indian Prime Minister Narendra Modi, who recently said global economic outlook strongly depends on the path chartered by large developing countries like India and Saudi Arabia, both of which have been working together within G20 to reduce inequality and promote sustainable development.

In an interview to a top Arab media outlet, Modi said Saudi Arabia and India have undertaken various business reforms to mitigate the effects of the global economic downturn and the signing of the agreement on the Strategic Partnership Council by both sides would strengthen the already robust relations between the two.

Modi was on a day-long visit to Riyadh on October 29.

From a purely buyer-seller relationship, both the countries are now moving towards a closer strategic partnership that will include Saudi investments in downstream oil and gas projects, he said.

“We are also in the process of entering into agreements on security cooperation, collaboration in defence industries, and also agreed to hold a comprehensive security dialogue mechanism between the two countries,” he said.

Fibre2Fashion News Desk (DS)


Interviews View All

Krishnanand Tripathi, Textrade International Ltd

Krishnanand Tripathi
Textrade International Ltd

We believe in vocational education for entry-level employees, offering...

Prabu Mohanram, Balavigna Weaving Mills Pvt Ltd

Prabu Mohanram
Balavigna Weaving Mills Pvt Ltd

The biggest challenge that the weaving industry faces is high price

Top executives, Fabric manufacturers

Top executives
Fabric manufacturers

Domestic manufacturers would get an edge over imported products

Harsh Shah,

Harsh Shah

Established in 1956 with a small beginning, Embee today manufactures a...

Spring Chang,

Spring Chang

A specialist in manufacturing printing machines, <b>Wenzhou Changs</b>...

Ritu Ajbani & Neha Agarwal,

Ritu Ajbani & Neha Agarwal

Petit Royal, co-founded by entrepreneurs <b>Ritu Ajbani and Neha...

Dr. Rene Wollert, Freudenberg Nonwovens

Dr. Rene Wollert
Freudenberg Nonwovens

Dr. Rene Wollert discusses the current scenario of the global nonwovens...

Davide Vigano, Sensoria

Davide Vigano
Sensoria

Sensoria is a leading developer of smart garments and IoMe (Internet of...

Johan Berlin, InvestKonsult Sweden AB

Johan Berlin
InvestKonsult Sweden AB

Investkonsult Sweden AB has been buying and selling second-hand textile...

Silvia Venturini Fendi, Fendi s.r.l

Silvia Venturini Fendi
Fendi s.r.l

"Yes, my confidence and positive attitude are my strengths and should be...

Aprajita Toor, Aprajita Toor

Aprajita Toor
Aprajita Toor

The creations by Aprajita Toor were born out of a deep desire to create...

Amiben Shroff, Shrujan

Amiben Shroff
Shrujan

From its modest beginning in the late 1960s, Shrujan has grown into a...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

Leave your Comments


November 2019

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

Follow us on instagram

Follow

Follow Fibre2Fashion On


Advanced Search