Saudi PIF eyes investments worth $10 bln in India

21/02/2019 Argaam

 

Saudi Arabia's Public Investment Fund (PIF) and its technology partners are exploring a potential investment of $10 billion in India, according to a joint statement issued by the two countries on Wednesday.

 

The two nations agreed to expedite their first joint venture - the $44 billion West Coast Refinery and Petrochemical Project - which will be the largest greenfield refinery in the world to be implemented in one phase, the statement added.

 

Saudi Arabia’s Crown Prince Mohammed bin Salman, who was on an official visit to New Delhi on Wednesday, said that he saw investment opportunities of more than $100 billion in India over the next two years.

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