India, Saudi Arabia hold meeting of High-Level Task Force on Investments, ahead of PM Modi’s visit

India-Saudi Arabia High Level Task Force on Investments held its meeting in Riyadh on Monday, ahead of Prime Minister Narendra Modi’s visit to Jeddah from April 22 to April 23.

According to the Indian Embassy in Saudi Arabia, the meeting was co-chaired by PK Mishra, the Principal Secretary to the PM, and Prince Abdulaziz bin Salman, Saudi Arabia’s Minister of Energy.

“India-Saudi High Level Task Force on Investments held its meeting in Riyadh on April 21. The meeting co-chaired by Dr. P. K. Mishra, Principal Secretary to Hon’ble PM & HRH Prince Abdulaziz bin Salman, Minister of Energy, discussed wide-ranging issues of mutual importance,” the Indian Embassy wrote on X.

Noting the meeting, Indian Ambassador to Saudi Arabia Suhel Ajaz Khan said that economic partnership is one of the “fulcrums” of the relationship between the two countries, and a lot of emphasis has been given to it.

“There was a high-level task force meeting on investment, which met in Riyadh, and this is a task force that was formed after the 2023 visit of the Crown Prince to India. It is chaired by the Principal Secretary to the Prime Minister, on the Indian side, and His Royal Highness Minister of Energy on the southeast side. They met in Riyadh today, and they went over a lot of issues of mutual interest in terms of facilitating the investment. So definitely, economic partnership is one of the fulcrums of our relationship, and a lot of emphasis has been given to it,” Suhel Ajaz Khan told ANI.

Prime Minister Narendra Modi is set to visit Saudi Arabia from April 22 to 23 at the invitation of Crown Prince Mohammed bin Salman. This will be PM Modi’s third visit to the country, following earlier visits to Riyadh in 2016 and 2019.