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    January 29, 2014
    The Finance Minister P.Chidambaram Returns Home After His Successful two Day Visit to Kingdom of Saudi Arabia from 27th to 28th January,2014; Co-Chair...
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    All› PMLA, Black Money & ED › PMLA, Black Money & ED - 2014 › PMLA, Black Money & ED - 2014 - January
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    January 29, 2014
    The Finance Minister P.Chidambaram Returns Home After His Successful two Day Visit to Kingdom of Saudi Arabia from 27th to 28th January,2014; Co-Chaired the 10th India-Saudi Arabia Joint Commission Meeting (JCM); Invites Saudi Investment in India; Public and Private Sectors of Both the Countries Asked to Further Enhance Cooperation and Build Partnerships That Serves the Interests of the two Countries in Different Fields
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    Bilateral investment cooperation expanded: India and Saudi Arabia agree framework for energy, infrastructure and SME investments.
    India and Saudi Arabia committed to enhance bilateral investment cooperation, prioritising oil, gas and petrochemicals via a Joint Technical Team; to encourage Saudi private sector investment in India; to finalise a framework agreement between the Saudi investment authority and India's investment promotion agency; and to establish an India Saudi Investment Fund with defined modalities and nodal points. The Commission also agreed sectoral measures on pharmaceuticals, ICT, higher education, SME collaboration and an engineering accreditation and arbitration exchange, alongside strengthened security information exchange on organised crime and financial offences.

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