Market
Which sector will see the first major investment from the India-Kuwait strategic partnership by the end of 2025?
2
Resolution / Starting Odds
Pharmaceuticals • 25%
Information Technology • 25%
Fintech • 25%
Infrastructure • 25%
Official announcements from the Indian or Kuwaiti government, or credible news sources
Story
India, Kuwait Elevate Ties to Strategic Partnership During PM Modi's First Visit in Over 40 Years
Dec 22, 2024, 10:03 AM
Indian Prime Minister Narendra Modi received a ceremonial welcome and Guard of Honour at Kuwait's Bayan Palace on December 22, 2024, marking the second day of his two-day official visit—the first by an Indian prime minister to Kuwait in over four decades. PM Modi was warmly received by Kuwait's Prime Minister, Sheikh Ahmed Abdullah Al-Ahmed Al-Sabah. During his visit, Modi held his first meeting with the Amir of Kuwait, Sheikh Meshal Al-Ahmad Al-Jaber Al Sabah, and elevated bilateral relations to a strategic partnership. The leaders discussed cooperation in key sectors including pharmaceuticals, information technology, fintech, infrastructure, and security. External Affairs Minister S Jaishankar exchanged memorandums of understanding with his Kuwaiti counterpart, Abdullah Ali Al Yahya, in the presence of both leaders. The MoUs signify a significant step forward in strengthening ties. Modi also met with Crown Prince Sheikh Sabah Al-Khaled Al-Sabah, further solidifying the relationship between India and Kuwait.
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