India – Kuwait relations are bilateral diplomatic relations between the Republic of India and the State of Kuwait. The two share friendly ties. Kuwait houses a large expatriate Indian Population and is the source for 10-12 % of India’s oil imports while India’s oil imports while India is among the largest trade partners of Kuwait.
Kuwait’s economy, before the discovery 0f oil, depended heavily on maritime activities and Trade. Kuwait was a centre for Ship – Building and pearl diving and fishing were important commercial activities. Until 1961 The Indian Rupee was the legal tender in Kuwait and Indo – Kuwaiti commerce revolved Around trade in agricultural goods, textiles & horses. In 2011-12, bilateral trade amounted to US$ 17.56 billion, marking a 44% rise over the previous year. India and Kuwait have signed Several agreements relating to scientific & technological co-operation including medical Co-operation and in the areas of culture and education. Indian public sector companies in The aviation insurance and telecommunication sector have been operating in Kuwait for Ages, while Indian companies from the construction, power and petroleum sectors, such As Larsen & Tourbo, Punj Lloyd, and Kalpataru have implemented several major projects in Kuwait. This relationship between Kuwait and India in Future is going to be more stronger and Successful.
Thank you!
Happy National Day and Liberation Day
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G. Sai Sandeep, VII-R, India International School |