Saudi Arabia’s Crown Prince Mohammed bin Salman said in New Delhi that terrorism is a common concern and his country would cooperate with India in combating terrorism and extremism.
On a visit to New Delhi, Prince Salman said Wednesday that there were potential opportunities for investment of $ 100 billion in India.
His trip to New Delhi has coincided with spiraling tensions between India and Pakistan in the wake of a terror attack that killed 40 paramilitaries in Indian Kashmir.
Prince Salman’s meetings with Indian leaders came two days after he went to Pakistan. He did not mention the attack on Indian soldiers, but at a joint press appearance with Indian Prime Minister Narendra Modi he said “we reaffirm to India that we are ready to work in the intelligence sharing and political arenas to coordinate our efforts on terrorism.”
Referring to the recent “barbaric” attack in Kashmir, Modi said that the two countries had agreed that “it is extremely important to increase all possible pressure on countries supporting terrorism in any way.” The Indian leader said that destroying the infrastructure of terrorism, and punishing terrorists and their supporters is necessary.
New Delhi, which accuses Pakistan of giving sanctuary to terror groups that carry out strikes in India, is trying to build diplomatic pressure against Islamabad. It gave Prince Salman a warm welcome with Modi breaking protocol to receive him personally at the airport on Tuesday.
The Saudi Arabian Crown Prince, who also was warmly welcomed in Pakistan, had pledged investment deals worth $ 20 billion during his Islamabad visit.
Modi said that India and Saudi Arabia had agreed to to strengthen cooperation on counter-terrorism, naval and cyber security.
As both leaders hailed deepening ties, they also sounded an optimistic note on building business and trade ties. The Saudi Crown Prince, who came to New Delhi with a large business delegation, said that Riyadh had invested $44 billion in India since 2016. He said that there were opportunities for investment of $ 100 billion in India in areas such as energy, agriculture and technology.
Two-way trade totaled over $ 27 billion last year. Saudi Arabia is a top supplier of oil to India, which is one of the world’s largest oil importers and provides about one fifth of its crude.
The two countries signed five agreements in the areas of investment, tourism, housing and communications.
Prince Salman said that his visit to India will improve centuries-old ties between the countries, which he said are "in our DNA." Ties between the two countries have been on an upswing since Modi visited Riyadh in 2016 as part of efforts to strengthen ties with Middle East countries.
The Saudi crown prince is on his first major overseas tour since the storm over the murder of journalist Jamal Khashoggi at the Saudi consulate in Istanbul in October. He is expected to visit China after India.