Indian Prime Minister Narendra Modi, who's touring Saudi Arabia at the invitation of King Salman bin Abdulaziz al Saud, will attend the future investment initiative summit on October 29, and supply the keynote cope with on the third consultation. He's going to also hold bilateral talks with the Mohammad bin Salman. Each aspects are expected to finalize the west coast refinery project, a $44 billion undertaking in Maharashtra, in which Saudi aramco is to maintain substantial stake. The thought had been mentioned at some point of Prince Mohammad bin Salman''s visit to India in February this year.
T.S.Trimurti, secretary, east, in the ministry of external affairs, said that Indian oil corporation will sign a settlement to installation shops in Saudi Arabia. Deepening their defence cooperation, the two aspects will hold their first joint naval exercises in December this year. Officers of the defence industries of each side have visited each other's countries. Both aspects can also be searching closer to improving cooperation in renewable energy, he stated.
Modi will release the rupay card through his visit, so as to also be useful for the Haj pilgrims. Saudi Arabia is the third inside the gulf location to get rupay card facility after the UAE and Bahrain. The kingdom hosts a 2.6 million strong Indian network, which ships back $11 billion in remittances annually, he stated. It has additionally shown "know-how" on India’s decision to revoke special fame of Kashmir.
Worldwide majors Saudi Aramco and Abu Dhabi countrywide oil enterprise had fashioned a joint assignment with Indian state-run oil advertising organizations - Indian oil enterprise , Bharat petroleum organization ltd and Hindustan petroleum organization ltd - to preserve 50 in line with cent stake within the Ratnagiri refinery and Petrochemicals corp. ltd , referred to as the west coast refinery challenge.
Tags : Road, Narendra Modi, King Salman bin Abdulaziz al Saud, Prince Mohammad bin Salman,