Saudi Arabia has expressed confidence within the strength of the Indian economy. He said on Sunday that his plans to take a position in India will proceed consistent with the schedule. Saudi Arabia , the world's largest oil exporting country, says that the Indian economy has the complete strength and capability to maneuver beyond the shaking of the Corona transition. In February last year, Saudi Arabia's prince Mohammed bin Salman planned to take a position a complete of $ 100 billion (about Rs 7,400 billion) in India's petrochemicals, oil refining, infrastructure, mining, manufacturing, agriculture and lots of other sectors. Was announced.
Saudi Arabia's Ambassador to India, Dr. Saud bin Mohammed Al Sati said that our plans to take a position in India are following the proper path. Both countries are engaged in setting investment priorities. Sati praised India's measures in reviving the economy from the epidemic crisis. Improving the economy of both countries also will help the economies of other countries of the region. He said that India is that the fifth largest within the world and therefore the largest economy in South Asia. it's full potential to beat the consequences of the present crisis of the epidemic.
He made direct regard to Indian Army Chief General Manoj Mukund Narwane's recent visit to Saudi Arabia , saying that the formation of the Strategic Partnership Council in 2019 has opened new avenues of cooperation in many areas, the seeds of both countries. It also includes defense, security and tourism sectors. General Narwane went there last week. This was the primary visit of an Indian army chief to Saudi Arabia . The Strategic Partnership Council was formed during Prime Minister Narendra Modi's visit to Riyadh in October last year. This council reviews progress in strategic partnerships between the 2 sides.