India-Kuwait linkages go back to ancient times, with recent excavations showing that connections between the Indian west coast and the Kuwait region pre-date the Indus Valley and Mesopotamian civilisations. Kuwait's strategic position made it a natural trading hub linking India, Mesopotamia and the Mediterranean. Guided by monsoon winds, Kuwaiti dhows navigated the Indian coastline from Gujarat to Kerala, fostering robust commercial ties and interaction with local communities.
India was a major market for Kuwaiti pearls, Arabian horses, and Basra dates, which were traded for our spices, textiles and food products. The emergence of Mikimoto cultured pearls in the 1920s and the Great Depression of 1929 disrupted the natural pearls market while surging oil revenues following the discovery of oil in Kuwait in the 1930s delivered a deadly blow to it.
Reflective of our close commercial ties, the Indian rupee was the official currency in Kuwait till its independence in 1961.
Kuwait has, for many decades, been a major crude oil supplier to India, meeting about 3% of our current energy needs, while Indian companies have provided valuable expertise and services to Kuwait's oil and gas sector.
Nonetheless, our cooperation deserves to go beyond a purely crude oil trading buyer-seller relationship to encompass wider interaction in oil and gas. Indian companies like L&T and Kalpataru Power have been active in securing and successfully completing major energy-related construction contracts in Kuwait.
この記事は Hindustan Times Thane の December 21, 2024 版に掲載されています。
7 日間の Magzter GOLD 無料トライアルを開始して、何千もの厳選されたプレミアム ストーリー、9,000 以上の雑誌や新聞にアクセスしてください。
すでに購読者です ? サインイン
この記事は Hindustan Times Thane の December 21, 2024 版に掲載されています。
7 日間の Magzter GOLD 無料トライアルを開始して、何千もの厳選されたプレミアム ストーリー、9,000 以上の雑誌や新聞にアクセスしてください。
すでに購読者です? サインイン
Tottenham Take Lead vs Reds in League Cup SF
Lucas Bergvall scored his first goal for Tottenham Hotspur to give his side a surprise 1-0 victory over holders Liverpool in the first leg of their League Cup semi-final on Wednesday.
With Ghosal by her side, Anahat takes steady steps
By her own admission, Anahat Singh did not play her best squash at the British Junior Open, a prestigious junior tournament she won for the third time this week as its U-17 champion.
India debut on the cards for McIlroy in $5mn event
The iconic Delhi Golf Club (DGC) is set to host a $5 million DP World Tour event in October with former world No. 1 and four-time Major winner Rory McIlroy likely in attendance, making the upcoming Rolex Series event the most expensive golf tournament — in terms of prize money — ever hosted by the country.
Can multi-city bid boost India's Oly credentials?
Ahmedabad is set to be the cornerstone of India's bid for 2036 Olympics even as few sports could be held in other cities in line with the International Olympic Committee's (IOC) push for cost-effectiveness and sustainability.
The Growing Mistrust About Doping Violations in Tennis
Players Criticise Difference in Treatment for Those Who Test Positive
Fertiliser subsidy likely to stay at current level in FY26
GOVT MAY STICK TO THE ALLOCATION, AS SUBSIDY UTILISATION HAS FOLLOWED ANTICIPATED TREND IN FY25
Wallet share moves to new beauty, personal care items
THE RISE OF LIQUID BEAUTY CATEGORIES REFLECTS A SHIFT IN CONSUMER PREFERENCE TOWARDS CONVENIENCE
L&T Head Backs 90-Hr Work Week
Larsen & Toubro (L&T) Chairman S N Subrahmanyan sparked an online outrage with his comments advocating a 90-hour work week and suggesting that employees should even give up Sundays.
Mkt May Turn Rough as FPI Shorts Hit 7-Month High
The stock market appears headed for further turbulence, with foreign portfolio investors (FPIs) raising their bearish bets to a seven-month high, even as they continue to sell in the cash market.
Inflation Likely Eased to 5.3% in Dec: Mint Poll
India's retail inflation likely moderated to a four-month low of 5.3% in December, down from 5.5% in November, driven by the seasonal decline in food prices, according to the median estimate of 25 economists in a Mint poll.
