Economy

Saudi crown prince Mohammad bin Salman plans maiden visit to India, says report

Updated : January 30, 2019 08:45 AM IST

The investments from Saudi Arabia in India remain relatively low despite improved political ties between the two countries.

Prince Salman's trip, if materializes, could take the Indo-Saudi strategic partnership to new heights, the report said citing people familiar with the development.

Saudi crown prince Mohammad bin Salman plans maiden visit to India, says report

Mohammad bin Salman, the crown prince of Saudi Arabia, is planning his maiden trip to India and the development could give the poll-bound government a big boost to easing oil prices amid Venezuela crisis, The Economic Times reported.

The investments from Saudi Arabia in India remain relatively low despite improved political ties between the two countries. Prince Salman's trip, if materializes, could take the Indo-Saudi strategic partnership to new heights, the report said citing people familiar with the development.

According to the newspaper, the crown prince told Prime Minister Narendra Modi that Saudi Arabia will be investing in the National Infrastructure Fund and also referred to the prospects of investing in the technology, agriculture and energy sectors of the country.

The two leaders met in Buenos Aires last year, where they decided to set up a mechanism to push Saudi investments in energy, technology, food security sectors, among others.

Have you signed up for Primo, our daily newsletter?

It has all the stories and data on the market, business, economy and tech that you need to know.

To keep watching CNBC-TV18, India's No. 1 English Business News Channel, call your Cable or DTH Operator and subscribe now for just Rs. 4 per month. You can also subscribe to CNBC-TV18 Prime HD for Re 1/- per month.Find out more