The first-ever High-Level Task Force on Investments between Saudi Arabia and India has advanced trade and commercial ties. This week has seen another breakthrough in these areas.
The organization was founded in 2023, the year of the Kingdom’s Crown Prince Mohammed bin Salman’s formal visit to the Asian country, which occurred four years after he promised to invest $100 billion in India when visiting New Delhi.
The task force’s first meeting took place virtually on July 30 and was co-chaired by PK Mishra, the senior secretary to Indian Prime Minister Narendra Modi, and Prince Abdulaziz bin Salman, the energy minister of Saudi Arabia.
In an effort to draw funding from the Kingdom, India urged 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 saying, “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.”
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