India Prime Minister Narendra Modi recently met with the Council of Saudi Chambers (CSC) and with Saudi business leaders to discuss the historic relations between the two nations.
Modi emphasized that India has one of the world’s most quickly growing economies in the face of the significant issues challenging the global economy.
Modi also suggested that there are many reasons to invest in India, with its craftsmanship, heritage, large market, technology, legal system and democracy. He said that the economic initiatives are designed to improve the nation’s policies. These changes will help to resolve the concerns that investors have about the area; the new initiatives particularly respond to the concerns that Saudi investors have shown.
India plans to build 50 million housing units, 170 gigawatt power stations and several other sector developments, such as railway.
Saudi Minister of Commerce and Industry Tawfiq Al Rabiah said that the relations between India and Saudi Arabia are strong. This relationship will only grow stronger as the two nations sign agreements that will improve their bilateral trade.
Rabiah has encouraged Saudi businesses to discover the opportunities that could benefit themselves and their economy by investing in India.