https://www.taxtmi.com/news?id=2646 Parties should diversify bilateral economic relations beyond petroleum into non-oil trade, services, joint ventures and investment. The Joint Working Group on Hydrocarbons should pursue bilateral and third-country Exploration & Production and downstream projects, leveraging Indian upstream and downstream expertise. A Memorandum of Understanding on Labour and Employment is proposed for the large expatriate workforce, and priority is assigned to establishing an India-Saudi Arabia Investment Fund to support India's infrastructure requirements. Joint Committees and sub-committee co-chairs must regularly interact and submit joint six-monthly progress reports to the JCM co-chairs. en-us Thu, 05 Jan 2012 17:44:56 +0530 Thu, 05 Jan 2012 17:44:56 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=2646 Parties should diversify bilateral economic relations beyond petroleum into non-oil trade, services, joint ventures and investment. The Joint Working Group on Hydrocarbons should pursue bilateral and third-country Exploration & Production and downstream projects, leveraging Indian upstream and downstream expertise. A Memorandum of Understanding on Labour and Employment is proposed for the large expatriate workforce, and priority is assigned to establishing an India-Saudi Arabia Investment Fund to support India's infrastructure requirements. Joint Committees and sub-committee co-chairs must regularly interact and submit joint six-monthly progress reports to the JCM co-chairs. News - Thu, 05 Jan 2012 17:44:56 +0530 https://www.taxtmi.com/news?id=2646