Saudi Crown Prince arrives in China, kingdom's biggest trading partner

Punish those found guilty of perpetrating terror, says Saudi foreign minister

China is a great place to invest with a huge market, Saudi energy minister said.

"In this context, both sides agreed on the need for creating of conditions necessary resumption of the comprehensive dialogue between India and Pakistan", Tirumurti had said. "The idea was to ensure that there is no politicisation so that people do not pit somebody who is a political opponent and put his name as a terrorist", he said.

Saudi Arabia's Crown Prince Mohammed bin Salman waves next to India's President Ram Nath Kovind and Prime Minister Narendra Modi during his ceremonial reception at the forecourt of Rashtrapati Bhavan presidential palace in New Delhi.

The joint statement further said that Prince Mohammad appreciated consistent efforts made by PM Modi since May 2014, including personal initiatives, to establish friendly relations with Pakistan.

"The two sides also noted the need for concerted action by the worldwide community against terrorism including through early adoption of the UN Comprehensive Convention on global Terrorism and underlined the importance of comprehensive sanctioning of terrorists and their organisations by the UN", the statement said.

Nasser said his company was "not limited to investment in Ratnagiri" and was looking at other opportunities too.

India rolled out the red carpet for the crown prince as it seeks diplomatic support against Pakistan following a militant attack in the disputed region of Kashmir.

"From 4.8 million barrels a day now, India's oil demand is expected to increase to 8.2 million barrels per day by 2040", he said. After his meeting with Modi, the Crown Prince said the Kingdom saw investment opportunities in various fields to exceed $100 billion while in Pakistan, the Crown Prince signed a raft of investment deals worth up to $20 billion in the first leg of his tour.

With Saudi Arabia foray, OYO will now be present in nine countries including India, Nepal, China, Malaysia, Indonesia, UAE, the United Kingdom and the Philippines. India´s opposition Congress party meanwhile criticised Modi for welcoming the crown prince "with such abundance - only hours after he promised billions to Pakistan" while Indians were in grief over the Kashmir attack.

"We have to engage with Saudi, and there are a number of areas where we need them, more than they need us", Bhaskar says.

Saudi Arabia chose to increase haj quota from India to two lakh from the present 1.75 lakh and release 850 Indian prisoners.

Saudi Oil Minister Khalid al-Falih and RIL Chairman Mukesh Ambani a year ago in a meeting discussed opportunities for joint investment and cooperation in petrochemical, refining and communication projects.

Saudi Crown Prince Muhammad bin Salman neither spoke on Pulwama attack nor cited a single word in the joint declaration released on the conclusion of his trip to India.



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