Omar, Mufti welcome India-Saudi joint statement on talks with Pak

Saudi's stand on terrorism is clear so are its plans for business tie-ups says Kamel Al-Munajjed

Saudi Arabia will invest in areas like energy, refining, petrochemicals, infrastructure, agriculture and manufacturing.

He also sought to allay India's fears about Pakistan-Saudi joint statement calling for avoiding "politicisation" of the United Nations listing regime, saying it was not directed at India's efforts to list Jaish chief Masood Azhar as a "global terrorist".

"In this context, both sides agreed on the need for creating of conditions necessary resumption of the comprehensive dialogue between India and Pakistan", Tirumurti had said. Prime Minister Narendra Modi said that the talks were "extensive and successful".

He was replying to a reporter's question, on the sidelines of Saudi India Forum, about the fate of the 60 million tonnes-a-year refinery project after ruling BJP and Shiv Sena agreed to shift the project from Ratnagiri district. In a tweet, PM Modi said India is "delighted to welcome" the Crown Prince of Saudi Arabia.

In India, he had to appreciate "consistent efforts made by Prime Minister Modi since May 2014, including Prime Minister's personal initiatives to have friendly relations with Pakistan".

The two countries will start a security dialogue at the level of national security advisors and set up a working group on counter-terrorism, said T.S. Tirumurti, who handles economic relations at India's foreign ministry.

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Reports suggest that the properties will be maintained under the company's franchise model with full inventory control similar to its markets like India and China.

"It is the drive of (the) Royal Highness that India is number one on our priority for investment outside Saudi Arabia", Falih added. Modi said Saudi Arabia was the most valuable strategic partner of India in the Middle-East.

India-Saudi Joint statement: Both sides called on all states to reject the use of terrorism against other countries; dismantle terrorism infrastructures where they happen to exist and to cut off any kind of support and financing to the terrorists perpetrating terrorism from all territories against other states; and bring perpetrators of acts of terrorism to justice. We want to tell India that we will cooperate with them on intelligence sharing...not just with India but with our neighbours as well. India´s opposition Congress party meanwhile criticised Modi for welcoming the crown prince "with such abundance - only hours after he promised billions to Pakistan" while Indians were in grief over the Kashmir attack.

The CIA concluded last autumn that the crown prince, also known as MBS, was behind the murder of Khashoggi in the Saudi consulate on 2 October. The Saudi leader said he saw $100 billion worth of potential investments in India but did not give any details.

Meanwhile, the Indian media begun to cry foul after a joint statement of Saudi crown prince's visit to India was issued.

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