{"id":19210,"date":"2019-02-19T02:47:27","date_gmt":"2019-02-19T02:47:27","guid":{"rendered":"http:\/\/qatar-tourism.com\/Ar\/2019\/02\/19\/trade-and-investment-to-top-saudi-crown-princes-india-visit\/"},"modified":"2019-02-19T02:47:27","modified_gmt":"2019-02-19T02:47:27","slug":"trade-and-investment-to-top-saudi-crown-princes-india-visit","status":"publish","type":"post","link":"https:\/\/qatar-tourism.com\/Ar\/2019\/02\/19\/trade-and-investment-to-top-saudi-crown-princes-india-visit\/","title":{"rendered":"‘Trade and investment’ to top Saudi crown prince’s India visit"},"content":{"rendered":"
\n

New Delhi, India<\/strong> – Saudi Crown Prince Mohammed bin Salman<\/span><\/a>, looking to boost ties with Asian allies, arrives in\u00a0India<\/a>\u00a0on Tuesday for a two-day visit amid rising expectations of further investment deals following a high-profile trip<\/a>\u00a0to\u00a0<\/span>Pakistan<\/a>.<\/p>\n

In New Delhi, Prince Mohammed will hold talks with Indian Prime Minister Narendra Modi<\/a>,\u00a0who is a recipient of Saudi Arabia<\/a>‘s highest civilian honour, the King Abdulaziz Sash.\u00a0<\/p>\n

“Trade and investment, defence and security, including counterterrorism, and renewable energy” will be discussed during the crown prince’s meeting with Modi on Wednesday, India’s foreign ministry said<\/span>.<\/span><\/p>\n

The two sides are also expected to discuss oil giant Saudi Aramco’s investment in refineries in India, including the company’s stalled project to build a $44bn facility on the western coast of India. <\/span><\/p>\n

On Monday, Devendra Fadnavis, chief minister of Maharashtra state, announced that the Indo-Saudi project would be moved to a new location following\u00a0demonstrations by farmers protesting against land acquisition.\u00a0<\/span><\/span><\/p>\n

Energy supplies<\/strong>\u00a0<\/span><\/h2>\n

India’s ties to Saudi Arabia have grown significantly over the past two decades. Home to more than 2.7 million Indian expatriates,<\/span>\u00a0t<\/span>he kingdom is India’s fourth-largest trading partner, while bilateral trade is worth $28bn.\u00a0<\/p>\n

Riyadh is also the top source of India’s energy supplies, supplying 20 percent of its crude.<\/p>\n

“India, as a massive consumer of oil, and Saudi Arabia, as a major producer is an obvious synergy,”\u00a0Manoj Joshi, at the New Delhi-based Observer Research Foundation think-tank, told Al Jazeera.<\/span><\/span><\/p>\n

“Indian corporates [organisations], skilled personnel and managers are already playing a big role in Saudi Arabia. The Saudis, in turn, hope to play a role in India’s growth by becoming investors in the National Investment and Infrastructure Fund soon. Investment in non-oil sectors in India is also part of Saudi economic strategy,” he added.<\/span><\/p>\n

In November, the powerful crown prince and heir to the throne announced he was on the verge of finalising an initial investment in India’s National Investment and Infrastructure Fund, a quasi-sovereign wealth fund, to help accelerate the building of ports, highways and other projects in India.<\/span><\/p>\n

Pakistan ties<\/strong><\/h2>\n

Saudi Arabia has also long been a source of financial aid for India’s nuclear-armed rival, Pakistan.<\/p>\n

Tensions between neighbours India and Pakistan have flared since last week in the aftermath of an attack that killed<\/a>\u00a0at least 42 Indian paramilitary police in Indian-administered Kashmir.<\/p>\n

On Sunday, during MBS’ visit to Pakistan, Saudi Arabia\u00a0<\/span>signed<\/a>\u00a0investment agreements with the South Asian nation worth $20bn.<\/span><\/p>\n

“The texture of Saudi Arabia’s relationship with Pakistan is different,” Joshi said. “Islamabad looks up to Saudi Arabia as a co-religionist and indeed, leader of the Islamic world. The Indian relationship is based on a practical partnership of two sovereign states.”\u00a0<\/span><\/p>\n

MBS’ Asia trip includes a visit to China<\/a>, which is his last stop, where he is expected to announce deepening cooperation on Beijing’s Belt and Road initiative, a modern-day revival of the ancient Silk Road.<\/p>\n

\n

#Saudi<\/a> crown prince #BinSalman<\/a> #MBS<\/a> no welcome in #India<\/a>
Protest of thousands of people against his Visit.
He is sponsor of #Wahhabi<\/a> Terrorism@MEAIndia<\/a>@HMOIndia<\/a> @PMOIndia<\/a> #IndiaRejectsMBS<\/a> pic.twitter.com\/hLjwLmVadY<\/a><\/p>\n

\u2014 MSO OF INDIA (@msoofindia) February 18, 2019<\/a>\n<\/p><\/blockquote>\n

\u00a0<\/p>\n

The Saudi leader has been battling a major political crisis after the killing of journalist\u00a0Jamal Khashoggi<\/a>\u00a0in the kingdom’s consulate in Istanbul in October.<\/p>\n

Joshi said the India trip would “help a little bit” in the attempts to refurbish the international image of the Saudi rulers.<\/p>\n

Before his arrival in New Delhi, hundreds of people on Monday protested against the Saudi military onslaught in\u00a0Yemen<\/a>\u00a0and\u00a0Khashoggi’s\u00a0killing.<\/p>\n

“Saudi Arabia is guilty of war crimes in Yemen. Civilians and children have died because of the war criminal Mohammed bin Salman<\/span>. The Indian government should not give him a red-carpet welcome,” Shujaat Ali Quadri, organiser of the protests in New Delhi and spokesman of All India Tanzeem Ulema e-Islam, told Al Jazeera.\u00a0<\/strong><\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

New Delhi, India – Saudi Crown Prince Mohammed bin Salman, looking to boost ties with Asian allies, arrives in\u00a0India\u00a0on Tuesday for a two-day visit amid rising expectations of further investment deals following a high-profile trip\u00a0to\u00a0Pakistan. In New Delhi, Prince Mohammed will hold talks with Indian Prime Minister Narendra Modi,\u00a0who is a recipient of Saudi Arabia’s…<\/p>\n","protected":false},"author":4,"featured_media":19211,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2],"tags":[],"class_list":["post-19210","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-2","has_thumb"],"yoast_head":"\n'Trade and investment' to top Saudi crown prince's India visit - Qatar TourismQatar Tourism, Qatar news, Discover Qatar, tourism in Qatar, explore Qatar, Qatar adventures, Qatar today, Qatar events, desert safari Qatar, Qatar daily news, \u0642\u0637\u0631 \u0645\u063a\u0627\u0645\u0631\u0627\u062a , \u0627\u0644\u0633\u0641\u0627\u0631\u064a\u0631\u062d\u0644\u0627\u062a<\/title>\n<meta name=\"description\" content=\"Qatar Tourism, Qatar news, Discover Qatar, tourism in Qatar, explore Qatar, Qatar adventures, Qatar today, Qatar events, desert safari Qatar, Qatar daily news, \u0642\u0637\u0631 \u0645\u063a\u0627\u0645\u0631\u0627\u062a , \u0627\u0644\u0633\u0641\u0627\u0631\u064a\u0631\u062d\u0644\u0627\u062a\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/qatar-tourism.com\/Ar\/2019\/02\/19\/trade-and-investment-to-top-saudi-crown-princes-india-visit\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"'Trade and investment' to top Saudi crown prince's India visit - 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