G20 Summit 2018: Narendra Modi Meets Crown Prince Mohammed Bin Salman; Saudi Investments in India to Get a Boost
The theme of the G20 summit this year is Building Consensus for a Fair and Sustainable Development. During the meeting, both the leaders indicated an increase in Saudi investments in the next 2-3 years.
Buenos Aires, November 30: Prime Minister Narendra Modi on Friday met Saudi Arabia Crown Prince Mohammed bin Salman in Argentina on the sidelines of the G20 summit. The theme of the economic summit this year is Building Consensus for a 'Fair and Sustainable Development'. During the meeting, Modi and Salman indicated an increase in Saudi investments in India during the next 2-3 years.
Briefing more about the details, a senior Indian foreign official informed that there will be a significant rise in Saudi investments in India in the next 2-3 years. “Had a fruitful interaction with Crown Prince Mohammed bin Salman Al Saud. We discussed multiple aspects of India-Saudi Arabia relations and ways to further boost economic, cultural and energy ties,” the prime minister wrote on Twitter. G20 Summit in Argentina: What Are The Major Issues On Everyone's Agenda?
After the meeting, External Affairs Ministry spokesperson Raveesh Kumar tweeted saying both leaders discussed enhancing Saudi investment in technology, infrastructure, petroleum, renewable energy, food security, fintech & defence sectors. The Prime Minister is also scheduled to meet UN Secretary-General Antonio Guterres. According to the sources, the UN Secretary-General has reached out to the PM for the second time in two months. Narendra Modi Second Most Searched World Leader on Google After US President Donald Trump.
Leaders of both the nations discussed ways to ‘boost economic, cultural and energy ties’ and discussed enhancing investment in technology, renewable energy and food security over the next three years. While departing for Buenos Aires, the capital of Argentina for the summit, PM Modi had issued a statement saying through the 10 years of its existence, the G-20 had strived to promote stable and sustainable global growth.
During the two-day 13th G-20 summit, top leaders including Narendra Modi, Donald Trump and Japanese Premier Shinzo Abe will hold a trilateral meeting amidst China flexing its muscles in the strategic Indo-Pacific region.
According to a report by PTI, the trilateral, which would be an expansion of the bilateral meeting between Trump and Abe, is part of the series of meetings the US president would have on the sidelines of the G-20 summit on November 30 and December 1.
(The above story first appeared on LatestLY on Nov 30, 2018 12:40 PM IST. For more news and updates on politics, world, sports, entertainment and lifestyle, log on to our website latestly.com).