India working to elevate buyer-seller relations engagement to a strategic partnership: MEA

The parliamentary committee on external affairs on Tuesday tabled a report in Lok Sabha on India’s overall relationship with the GCC.

In the report, the panel said the ministry told it that New Delhi’s relation with the member countries of the grouping in the field of hydrocarbon is “mutually reinforcing and beneficial” and that “India is working to “elevate” this existing buyer-seller relation to a strategic partnership.

The total volume of India’s trade with GCC countries stood at USD 184.46 billion in the financial year…