In Saudi Outreach, India Shouldn’t Expect Too Much From a Pak Ally

In Saudi Outreach, India Shouldn’t Expect Too Much From a Pak Ally

"We are humbled and happy to bring this standardised quality experience to the Kingdom of Saudi Arabia, where millions of people undertake the pilgrimage of a lifetime", said Ritesh Agarwal, Group CEO and Founder, OYO. "Also, by promising investment in both nations, the Saudi Prince surely knows the art of keeping everyone happy". The Saudi leader said he saw $100 billion worth of potential investments in India but did not give any details. The programme presents opportunities in mining, industry, logistics, and energy.

Reuters reported on Tuesday the Maharashtra government is looking to move the refinery location. Because of the delay, construction work will begin in 2021 and the facility should be operational by 2025, the chief executive of the company set up for the project told Bloomberg this week.

"We have asked the state government for 15,000 acres and in coastal area", said Ashok when asked about the alternate locations. "We plan to diversify our investments in petrochemicals and other sectors", he said.

Illustrating two Pakistan Army generals in conversation, Kirtish Bhatt takes a potshot at the Indian media that's overly "excited" about the possibility of a war between India and Pakistan in the aftermath of the Pulwama terror attack.

Talks between the Indian and Saudi Arabian delegations. His visit to India highlights the Saudi kingdom's pivot eastward, seeking increased economic and diplomatic ties with Asia after rebukes in the West over Saudi warfare in Yemen and the killing of Saudi journalist and Washington Post columnist Jamal Khashoggi. A refinery in India can also be a base for it to export fuel to deficit countries in Europe and the Americas.

India rolled out the red carpet for the 33-year-old royal, who received an enthusiastic bear hug from Prime Minister Narendra Modi as he arrived in New Delhi.

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Later, a statement issued by India's Ministry of External Affairs said the two leaders discussed "the menace of extremism and terrorism", vowed to "dismantle terrorism infrastructures" and share intelligence to that end.

"India is an investment priority for Saudi Aramco".

The Saudi Foreign Minister said his country follows a policy of zero tolerance towards terrorism and that "anyone who supports and finances terrorism must be designated and punished".

Saudi Arabia, on the other hand, is keen to get a foothold in the world's fastest-growing fuel market to get a captive customer for the crude oil it produces.

Saudi Aramco, he said, is also in discussions with other companies about investing in India.

Talking about electric vehicles and the scope for alternate energy, Nasser added the transition to electric vehicles will be a small process and that is the reason why Saudi, that is sitting on 260 billion barrels of oil reserves, is focussing continuously on exploration activities.

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