The Prime Minister said he had "very productive talks" with the Saudi leader.
"We reviewed our trade ties and are confident that the commercial linkages between our nations will grow even further in the times to come.
The scope for cooperation in grid connectivity, renewable energy, food security, semiconductors and supply chains is immense," he said.
Mr Modi said the two countries' Strategic Partnership Council was set up during his visit to Saudi Arabia four years ago and since then it had contributed to growth of the strategic partnership between the two countries.
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