During the visit of a NITI Aayog delegation with 40 options of investment, business, and trade, Invest India Grid was unveiled in Saudi Arabia.
The delegation was led by NITI Aayog CEO Amitabh Kant, which comprising of leading CEOs from India, who participated in discussions with SCISP (Saudi Centre for International Strategic Partnerships).
In Riyadh, the discussions were held with senior representatives from 12 Saudi Ministers during the 2-days visit that concluded on Sunday.
The delegation’s visit believes significance as Saudi Arabia Crown Prince Mohammed-bin-Salman-bin Abdulaziz-Al-Saudi is scheduled to visit India on February 19 and 20.
An official release statement claims that Ambassador to Saudi Arabia, Ahmad Javed was accompanied with the team of Indian CEOs.
Officials from Ministries of Housing and Urban Affairs, Tourism, Commerce, Electronics and Information Technology also participated in the deliberations.
The NITI Aayog-SCIP workshop has held broad-ranging discussions regarding the possible opportunities for joint cooperation.
The official release further said that “during the workshop, Invest India Grid was launched in Saudi Arabia. Invest India is setting up a dedicated team for facilitating Saudi investments in India. NITI Aayog and SCISP agreed to provide continuing momentum to the India-Saudi Arabia Strategic Partnership.”
Mr. Kant further called on Saudi Minister of Finance Mohammed Al-Jadaan to discuss ways to reinforce bilateral ties.
“Six working groups have identified 40 investment, trade and business opportunities with vast potential for expansion,” added the release.
Saudi-India bilateral trade during April- November 2018 has reached to $23.24 billion.