India, Saudi Arabia hold first meeting of High-Level Task Force on Investments
New Delhi: India and Saudi Arabia on Sunday discussed various opportunities for bilateral investments in diverse areas in the public and private sectors, including refining and petrochemical plants, new and renewable energy, and power.

They reviewed measures aimed at promoting two-way investments in a mutually beneficial manner at the first meeting of the India-Saudi Arabia High-Level Task Force on Investments, co-chaired by the Principal Secretary to the Prime Minister PK Mishra and the Saudi Energy Minister Prince Abdulaziz bin Salman bin Abdulaziz Al Saud in the virtual mode.

Constructive discussions were held on various opportunities for bilateral investments in diverse areas in the public and private sector, including refining and petrochemical plants, new and renewable energy, power, telecom, innovation, among others, the statement said.

The two sides had a detailed review of the measures aimed at promoting two-way investments in a mutually beneficial manner.

Mishra reiterated the firm intention of the government of India to provide active support to Saudi investments of the order of USD 100 billion that were committed during the visit of the crown prince and prime minister of Saudi Arabia.