28/02/2010
India invites Saudi businessmen to mining invest
AlJeraisy and Saroj Bawader during the Indian delegation conference in AlRiyadh Chamber.
The head of the Indian delegation companies, Mr.Saroj Bawader encourages the Saudi businessmen to invest in mining and utilize the available opportunities in India and to build an Indian-Saudi partnership in this area.
During the conference organized by AlRiyadh Chamber which was held yesterday, in the presence of Indian largest companies and investment houses, The delegation president points out that this huge delegation is a sign of the Indian concern to increase the number of trade exchange between the two countries.
He explained that the Indian economy is continuing to register a positive growth even after the global crisis; also the investment between the two countries is recording a growth in the five years and the two parties still reaching a higher level of investment between the two countries.
For his part, the Riyadh Chamber chairman, Mr. Abdul Rahman Al Jeraisy said that Saudi businessmen are eager to increase trade exchange between the two countries, especially that India is ranked as the fifth on the import and export with the Kingdom, stressing that the kingdom is living an economic boom in many sectors and Saudi Arabia is looking for partners in the development process and construction, hoping to increase the level of import and export between the two countries.
The Secretary General of the Riyadh Chamber, Mr. Hussein Al-Athel explained that the trade relation with India has a significant relationship and mutual interdependence between the two parties, expressing his hope of strengthen the relations and cooperation especially in education and health sector.
The discussion included a demand from some Saudi businessmen to increase the visas for more than six months.
