PM Narendra Modi calls for better trade ties beyond export-import with Saudi Arabia
REYAD: Prime Minister Narendra Modi has called for better trade relations with Saudi Arabia, beyond export-import. Addressing a business event in Riyadh today, Mr Modi said, Joint investment, technology transfers are areas that both countries should explore.
He said, there is a tremendous opportunity for expanding our cooperation from Petroleum to renewable energy, infrastructure, defence and agriculture sectors. The Prime Minister invited Saudi industry leaders to invest in health, defence, infrastructure, fertilizer, food and cold storage sectors.
Mr Modi said, India’s health sector which is globally extremely cost competitive can emerge as a bright spot in health tourism. He said, Indian nurses, present in large numbers in the Gulf, are a testament to our well trained man power.
The Prime Minister said India and Saudi Arabia should look at working together for building a dynamic global management sector for the cyber world.
Mr Modi met Khalid bin Abdul Aziz Al Falih, Minister of Health & Chairman of Saudi Aramco, the state owned oil company, in Riyadh this afternoon. Mr Khalid said said, Saudi Arabia wants to make India number one investment destination.