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Re: ShortonCash post# 26916

Friday, 11/30/2018 11:16:01 AM

Friday, November 30, 2018 11:16:01 AM

Post# of 30168
Things in Abu Dhabi that make you go hmmmm....

PM Modi, Crown Prince discussed aspects of India-Saudi Arabia relations
"Fruitful interaction with Crown Prince," PM Modi tweeted
PM Modi also met UN Secretary General Antonio Guterres

Prime Minister Narendra Modi met with Saudi Arabia Crown Prince Mohammed bin Salman on the sidelines of the G20 summit in Buenos Aires today and they discussed ways to further boost economic, cultural and energy ties.
The two sides also held discussions on enhancing investment in technology, renewable energy and food security.

"Had a fruitful interaction with Crown Prince Mohammed bin Salman Al Saud. We discussed multiple aspects of India-Saudi Arabia relations and ways to further boost economic, cultural and energy ties," the Prime Minister wrote on Twitter.

"Deepening strategic ties. PM @narendramodi met with Crown Prince of Saudi Arabia Mohammed bin Salman Al Saud on sidelines of #G20Argentina. Discussed enhancing Saudi investment in technology, infrastructure, petroleum, renewable energy, food security, fintech & defence sectors," External Affairs Ministry spokesperson Raveesh Kumar tweeted.

"In recent years, the Kingdom of Saudi Arabia has been a valuable partner. The relationship has expanded beyond the Indian community to issues related to the economy, energy and security. All issues of bilateral and regional interest will be discussed," PMO sources said.

Later, the Prime Minister met UN Secretary General Antonio Guterres. According to the sources, the UN Secretary General has reached out to PM Modi for the second time in two months.


The meeting with the Saudi crown prince was Modi's first in a set of "bilaterals" on the sidelines of the G20 that will be followed by meetings with US President Donald Trump and Chinese President Xi Jinping.

"We expect that in the next two to three years there will be significant scaling up of Saudi investments in India," Gokhale said. The two leaders also talked about cooperation in arms manufacturing and Saudi Arabia's efforts to develop a domestic arms industry, SPA said.

Modi stressed the importance of stable energy prices and the two leaders discussed ways in which Saudi Arabia, a top crude oil supplier, could help stabilise prices, particularly for India, Gokhale said.

India, the world’s third-biggest oil importer, has been grappling with a combination of soaring prices and a falling currency, which makes imports of dollar-denominated oil more expensive, until a recent fall in oil prices.

Saudi Arabia has told India it is committed to meeting its rising oil demand and is the "shock absorber" for supply disruptions in the oil market.

The crown prince also discussed with Modi Saudi oil giant Aramco's investment in refineries in India, including the company's project to build a large refinery on the western coast of India, SPA said.

The two leaders also explored investing in solar energy through Softbank's Saudi-backed Vision Fund and opportunities to export Saudi non-oil products to India.



Read more at https://www.channelnewsasia.com/news/world/saudi-crown-prince-meets-india-s-modi-in-argentina--plans-to-ramp-up-investments-10984062

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