Saudi Crown Prince Mohammed Bin Salman To Invest $100 Billion In India

TPI Staff February 21, 2019

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Saudi Arabia's Crown Prince Mohammed bin Salman shakes hands with India's Prime Minister Narendra Modi ahead of their meeting at Hyderabad House in New Delhi, India, February 20, 2019. REUTERS/Adnan Abidi

Mumbai: $100-Billion to invest in India in various sectors said Crown Prince Mohammed Bin Salman during his two-day visit to India.

Addressing the media with Prime Minister Narendra Modi, the crown prince said that Saudi Arabia has invested $ 44 billion in India since the visit of Modi in 2016. “We want to strengthen investment and economic relations to ensure useful returns for both countries,” he said.

In addition, he appreciated India’s strength in Information Technology and said that Saudi Arabia is also investing a lot in this field. Saudi Arabia has invested in diversification in petrochemical and other areas in India, Rajkumar said. They said, “We want to increase cooperation with India because it will give our relationship a new direction.”

Earlier, after a press conference by MEA (MEA), Prime Minister Narendra Modi and Saudi Crown Prince Mohammad bin Salman issued a joint statement on Wednesday 20 February, in which both the leaders spoke of the Pulwama terror attack. Have agreed that there is a need to put pressure on countries promoting terrorism.

TS Tirumurthi, the Secretary, said, “Two leaders (PM Modi and Saudi Crown Prince Mohammad bin Salman) condemned the strongest words of terrorist attack recently on Indian forces in Pulwama of Jammu and Kashmir.”