Saudi Arab will be investing $100 billion in India in areas like energy, refining, petrochemicals, infrastructure, agriculture and manufacturing.
“Big announcement – Saudi Arabia to invest $100 bn in India – a huge vote of confidence in the Indian economy,” Raveesh Kumar tweeted.
Big announcement – Saudi Arabia to invest $100 bn in India – a huge vote of confidence in the Indian economy. PM @narendramodi welcomed announcement by #SaudiCrownPrince to invest in areas like energy, refining, petro-chemicals, infrastructure, agriculture, manufacturing, etc. pic.twitter.com/7DFRaou0Br
— Raveesh Kumar (@MEAIndia) February 20, 2019
Kumar further said that Prime Minister Narendra Modi welcomed the announcement by Saudi Crown Prince Mohammed bin Salman.
At the request of the PM Modi, the Crown Prince of Saudi Arabia has ordered the release of 850 Indian prisoners lodged in Saudi jails.
At the request of Prime Minister Narendra Modi, the Saudi Crown Prince has also announced the increase in quota for Indian Haj pilgrims to 200,000
And another important take away from the visit of #SaudiCrownPrince which would help more Indian pilgrims to perform the Haj
His Royal Highness the #SaudiCrownPrince announced the increase in quota for Indian Haj pilgrims to 200,000 at the request of PM @narendramodi. pic.twitter.com/FrPR3hc2eD
— Raveesh Kumar (@MEAIndia) February 20, 2019
After the delegation level talks, the Prime Minister earlier said, “India and Saudi Arabia have agreed to strengthen ties in the renewable sector too.”
Welcoming Saudi Arab’s entry into the International Solar Alliance, the Prime Minister stated that the ties between two countries for cooperation on energy sector should also be taken to the level of ‘strategic partnership’.
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Saudi Arabia condemned in the strongest terms the recent attacks in Pulwama in Jammu and Kashmir. “India and Saudi Arabia called on other countries to denounce terrorism as a state policy, cut off support and financing from all territories. Both leaders underlined comprehensive sanctioning of terrorists by the United Nations,” the MEA spokesperson said.
(With ANI inputs)