Sunday, January 24, 2021

India And Saudi Arabia Developing Mechanism To Boost Strategic Partnership, Says Source

India and Saudi Arabia will develop a mechanism for working on strategically important issues. Both nations will further strengthen partnership through the Strategic Partnership Council, according to a source.

Saudi Arabia Planning Record Investments in Pakistan and India

The informed source emphasised saying, “India and Saudi Arabia have a strong independent strategic partnership and it will be further strengthened with the launching of the Strategic Partnership Council that will cover critical areas of mutual interest.” The constituent members of the council are expected to be Ministry of External Affairs, NITI Aayog, and other government agencies.

The Saudi investments in Pakistan’s Gwadar port have also drawn attention as it is a part of the China-Pakistan Economic Corridor. About the investment, the official said stakeholders, in this case, are aware of India’s disapproval.

After the Pulwama attack, India had begun to campaign for international isolation of Pakistan, still, Prince Mohammed visit to the country brought an investment of $20 billion.  While comparing the India-Saudi agreements with the Gulf country’s investment in Pakistan, the official remarked: “Saudi investment to India is not a bailout for the Indian economy”.

“Saudi Arabia has displayed a greater appreciation of India’s concerns regarding cross-border terrorism as recently seen in the Pulwama attack. The Saudi understanding of terrorism has evolved and they have a far better understanding of terrorism in Kashmir. They are aware of the bilateral nature of the issue,” the official added.

More News at EurAsian Times

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