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Saudi Arabia sees a $100 billion investment opportunity in India

Reuters/New Delhi
Filed on February 21, 2019 | Last updated on February 21, 2019 at 08.38 am
 Saudi Arabia sees a $100 billion investment opportunity in India

(Spa)

India rolled out the red carpet for the crown prince as it seeks diplomatic support against Pakistan.

Saudi Arabia's Crown Prince Mohammed bin Salman said on Wednesday he saw investment opportunities of more than $100 billion in India over the next two years as he began his first official visit amid tensions between India and Pakistan. India rolled out the red carpet for the crown prince as it seeks diplomatic support against Pakistan following a militant attack in Jammu and Kashmir.

"Today we expect the opportunities we are targeting in India in various fields to exceed $100 billion in the coming two years we want to work with you, Mr Prime Minister, to ensure these investments are made and to ensure useful returns for both countries," the crown prince said. Saudi's Aramco said it was in talks with India's Reliance Industries Ltd for possible investments and was seeking other opportunities. - Reuters





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