RIYADH: The first-ever High-Level Task Force on Investments between Saudi Arabia and India has advanced trade and economic ties. This week has seen another breakthrough in these areas.
The organisation was founded in 2023, the year of the Kingdom’s Crown Prince Mohammed bin Salman’s formal visit to the Asian country four years after he promised to invest $100 billion in India while visiting New Delhi.
The task force’s first meeting took place virtually on July 28. PK Mishra, the principal secretary to Indian Prime Minister Narendra Modi, and Prince Abdulaziz bin Salman, the energy minister of Saudi Arabia, co-chaired it. To draw funding from the Kingdom, India invited the Public Investment Fund of Saudi Arabia to open an office in the Asian country during the discussion.
Following the High-Level Task Force meeting, the prime minister’s office of India released a statement stating that “constructive discussions were held on various opportunities for bilateral investments in diverse areas in public and private sector, including refining and petrochemical plants, new and renewable energy, power, telecom, innovation, among others.
Also Read:
UAE: The Cost of Gold is Slowly Approaching Dh300 Per Gramme
