Live: Today world has changed, we must change our thinking, says PM Modi

Prime Minister Narendra Modi is scheduled to participate in the high-profile financial summit Future Investment Initiative (FII), also called 'Davos in the desert' at Riyadh on Tuesday.

Pic courtesy: Twitter/@narendramodi

Prime Minister Narendra Modi delivered the keynote address at the high-profile financial summit Future Investment Initiative (FII), also called 'Davos in the desert' at Riyadh on Tuesday. 

Earlier on Tuesday, Modi met several senior ministers in Saudi Arabia and held discussions over ways to further strengthen bilateral relations between the two nations in areas of energy, labour, agriculture and water technologies. PM Modi met Energy Minister Prince Abdulaziz bin Salman, Minister of Labour and Social Development Ahmad bin Sulaiman Alrajhi and Environment, Water and Agriculture Minister Abdulrahman bin Abdulmohsen Al-Fadley in Riyadh on Tuesday.

The prime minister delivered the keynote address under the title 'What's next for India?' at the FII. The forum is the brainchild of Saudi Crown Prince Mohammed bin Salman, who aims to diversify the economy of Saudi Arabia and reduce its economic dependence on petrol under his vision 2030 plan.

Here are the latest and live updates from PM Modi's keynote address at Future Investment Initiative in Riyadh: 

01 November 2019

15:43 PM

Haryana mandate is against BJP. The saffron part's vote share reduced by almost 40 percent in the state in the recent concluded assembly election: Deepender Hooda

21:19 PM

PM Narendra Modi at Future Investment Initiative (FII), Saudi Arabia: The importance of the smallest of countries is increasing today. We will have to take a step towards strengthening this multi-polar world and think what contribution are we making for the welfare of the mankind

PM Narendra Modi at Future Investment Initiative (FII), Saudi Arabia: The importance of the smallest of countries is increasing today. We will have to take a step towards strengthening this multi-polar world and think what contribution are we making for the welfare of the mankind https://t.co/peY8nbZlsn

— ANI (@ANI) October 29, 2019

21:15 PM

Today world has changed, it is multi-polar today. All countries in today are interdependent, inter connected. The manner in which the world was viewed 3-4 decades back has changed. We will have to change our thinking: PM Modi at Future Investment Initiative (FII), Saudi Arabia

21:11 PM

PM Modi's keynote speech at FII Forum has ended. He is now attending an on-stage panel discussion with Ray Dalio, Founder, Co-Chairman & Co-Chief Investment Officer, of Bridgewater Associates.  

21:00 PM

The five important global business trends stated by PM Modi are: Technology, Infrastructure, Human resource, Compassion for environment, Business/ governance. "Compassion for environment  is not a trend alone but it's a necessity," PM Modi said. 

20:58 PM

By 2024, we aim to invest US$ 100 Billion in refining, pipelines, gas terminals. I am happy that Saudi Aramco has decided to invest in West Coast Refinery Project - which will be the largest refinery of Asia: PM Modi at Future Investment Initiative (FII), Riyadh

PM Modi at Future Investment Initiative (FII), Riyadh (Saudi Arabia): By 2024, we aim to invest US$ 100 Billion in refining, pipelines, gas terminals. I am happy that Saudi Aramco has decided to invest in West Coast Refinery Project - which will be the largest refinery of Asia. pic.twitter.com/82FbDiq68V

— ANI (@ANI) October 29, 2019

20:54 PM

Under Skill India initiative, in the coming 3-4 years, 400 million people will be trained under different skills. This will provide assured skilled manpower to companies investing in India: PM Narendra Modi at Future Investment Initiative Forum in Saudi Arabia 

20:51 PM

Today India has become world's 3rd largest start-up ecosystem. Even in tier-2&3 cities of India startups have come up. Our start-ups have started investing at global scale. I invite global investors to benefit from our start-up ecosystem: PM at Future Investment Initiative (FII)

20:51 PM

Infrastructure is necessary to increase business and India is committed to spend big money in building infrastructure: PM Modi at FII Forum in Riyadh

20:47 PM

In the next five years, India has set the mission of doubling the economy and take it to USD 5 trillion. I would like to discuss 5 trends which affect global businesses today: PM Modi at the FII forum in Riyadh    

20:45 PM

Our relations with Saudi Arabia is several years old. Our ancient relations has built a strong foundation for our strategic partnership: PM Narendra Modi at FII, Saudi Arabia

PM Narendra Modi at Future Investment Initiative (FII), Riyadh (Saudi Arabia): Our relations with Saudi Arabia is several years old. Our ancient relations has built a strong foundation for our strategic partnership. pic.twitter.com/mOjHzTkfEW

— ANI (@ANI) October 29, 2019

20:41 PM

The aim of this forum is not only to discuss the economic system here but also to understand the rising trends of the world and look for ways aimed at global welfare: PM Narendra Modi at Future Investment Initiative (FII), Riyadh

20:41 PM

Keynote speech by PM Modi at FII forum in Saudi Arabia begins.

20:14 PM

Keynote speech by PM Narendra Modi at Future Investment Initiative summit in Saudi Arabia will begin shortly 

20:12 PM

3 Saudi Ministers called on PM today. Issues related to bilateral trade & investment, energy sector cooperation including strategic petroleum reserves & West Coast refinery, innovative technologies, skill development, agriculture&water related cooperation discussed:  Economic Relations Secretary TS Tirumurti

19:51 PM

During King Salman and PM Modi's bilateral meeting, the Saudi King congratulated PM Modi on his election victory. New Delhi and Riyadh have reached an agreement for strategic partnership council, which will be signed today.