India – Saudi Arabia Agreement

A framework for Investment Promotion Cooperation between Invest India and Saudi Arabian General Investment Authority [SAGIA], Kingdom of Saudi Arabia has been signed on 3rd April, 2016. Key sectors of Saudi Arabia’s investment to India identified in the framework are Infrastructure, Energy, Manufacturing, Transport, Education and Healthcare. Key sectors of India’s investment to Saudi Arabia in the framework are Information & Communication Technology (ICT), Energy, Chemicals, Construction, Food Processing, Machinery, Healthcare and Life Sciences, Transport and Logistics, Human Capital and Tourism.

The framework agreement is aimed at facilitating investments by private sector in the two countries. Invest India will provide all hand holding and investment facilitation to Saudi Arabian investors planning to invest in India.

This information was given by the Minister of State (Independent Charge) in the Ministry of Commerce & Industry Smt. Nirmala Sitharaman in a written reply in Lok Sabha today.