Expatriates to top Indias Saudi agenda

New Delhi, April 19 | Updated: Apr 20 2005, 05:30am hrs
India is upbeat at the prospects of being able to tap opportunities in Saudi Arabia.

The welfare of Indian expatriate workers will top the agenda of external affairs minister K Natwar Singh during his talks with senior Saudi officials besides the whole range of bilateral economic issues.

Senior MEA officials said that Mr Singh would visit Saudi Arabia next month, which would ensure the continuation of dialogue with Riyadh on the whole bilateral issues including welfare of Indian workers. There have been a series of high level visits from India including the visit of the petroleum and natural gas minister Mani Shankar Aiyar.

According to Indian ambassador MOH Farook, India will be able to attract more Saudi investments and also investments from overseas Indians in several sectors. He said, Saudi Arabia has huge oil reserves and gold fields, whereas India has been blessed with abundant high-quality human resources.

India has also established 65 joint ventures in Saudi Arabia.

Saudi ambassador to India Saleh Mohammad Al-Ghamdi told FE, India and Saudi Arabia have negotiated three agreements covering bilateral investment protection, double tax avoidance and security that are to be signed later this year.