Saudi Arabia to invest $300 billion in next 4-5 years: NITI Aayog CEO Amitabh Kant

[war&peace]

@Sharif al-Hijaz I've been hearing this quite a lot. What's the truth in his statements?

@war&peace There is nothing wrong with business deals. Your best buddy China has a lot of investment in India. Has a large trade compared to Pakistan. Why not ask them, why they are doing business with mutual enemies?

China's trade with India is heavily in favour of China..so there is no problem if our friend is earning a lot from our enemy. Furthermore Chinese investment in India is smaller in proportion than in Pakistan and in future that difference will become so large that even in absolute value it will be much larger.

It is

So you see that basically it is the govt investing in India.

 

[Srinivas]

@Zarvan @KediKesenFare @Khafee if true then the zionist Saudians are signing their death warrant. When it comes to investment, they go to india but when they need protection from someone who gropes them from their fat behind, they come running to their Papa - Pakistan..that drama cannot go on forever.

I have a feeling that you are zaid Hamid?

 

[Chhatrapati]

China's trade with India is heavily in favour of China..so there is no problem if our friend is earning a lot from our enemy. Furthermore Chinese investment in India is smaller in proportion than in Pakistan and in future that difference will become so large that even in absolute value it will be much larger.

You confused investment with trade. Investment is throwing money into Indian business. Like Alibaba did, or major Chinese phone makers setting up manufacturing sites in India.

Why not apply the same to Saudi's? Saudi trade is in favor of them. We have trade deficit. They are investing in Indian business, and mind you. We are the fourth largest refiners of crude oil and third largest importer.
It's good business. Tell me, what do Aramco gain by investing billions in Pakistan, who only imports less than a tenth of oil compared to India.

 

[noksss]

@Zarvan @KediKesenFare @Khafee if true then the zionist Saudians are signing their death warrant. When it comes to investment, they go to india but when they need protection from someone who gropes them from their fat behind, they come running to their Papa - Pakistan..that drama cannot go on forever.

Papa Pakistan should not worry when they have CPEC , also papa paksitan should remember the 1.5 billion loan Saudis gave to help your economy and with papa pakistan army training saudi forces and protecting their government i don't see any issue for papa Pakistan for quite sometime

 

[My-Analogous]

Saudi Arabia to invest $300 billion in next 4-5 years: NITI Aayog CEO Amitabh Kant

NITI Aayog CEO Amitabh Kant on Monday said Saudi Arabia will invest $300 billion in India in the next 4-5 years. “Saudi Arabia wants to invest in energy security and supply and become India’s investment partner. It will invest $300 billion in next 4-5 yrs,” Kant was quoted as saying by ANI.
The NITI Aayog CEO also said that Prime Minister Narendra Modi-led Union government would bring a ‘New Energy Policy’ for the country within 30-45 day. Modi’s focus is also on making a national grid for gas, added.
Earlier in the day, Modi interacted with top oil and gas CEOs and experts from across the world in a meeting Delhi. The top CEOs and officials were from from Rosneft, BP, Reliance, Saudi Aramco, Exxon Mobil, Royal Dutch Shell, Vedanta, Wood MacKenzie, IHS Markit, Schlumberger, Halliburton, Xcoal, ONGC, IndianOil, GAIL, Petronet LNG, Oil India, HPCL, Delonex Energy, NIPFP, International Gas Union, World Bank, and International Energy Agency.
NITI Aayog coordinated the meeting. A number of participants at the meeting strongly recommended the inclusion of gas and electricity in the GST framework.
According to a PIB release, Modi said the scope for reform in many areas still exists. Modi also thanked the President of Russia, Vladimir Putin, and Rosneft, for their commitments and support to the energy sector in India.
The PM also appreciated the 2030 vision document of the Kingdom of Saudi Arabia.
Top CEOs and officials from the energy sector are participating in the INDIA ENERGY FORUM – CERAWeeK in New Delhi. At the event, Union petrol minister Dharmendra Pradhan said, “India will remain one of the fastest growing energy markets in the world in the coming two decades. Both on account of increasing access and better life styles, there will be growth in per capita energy consumption. We will be an influential buyer in the global energy market.”
httpwwwfinancialexpresscom/economy/saudi-arabia-to-invest-300-billion-in-next-4-5-years-niti-aayog-ceo-amitabh-kant/887827/

KSA don't have money to invest. This news seems not correct. They imposing various taxes to run the business here in KSA

Papa Pakistan should not worry when they have CPEC , also papa paksitan should remember the 1.5 billion loan Saudis gave to help your economy and with papa pakistan army training saudi forces and protecting their government i don't see any issue for papa Pakistan for quite sometime

Don't teach father how to make sons. We know what we have to do

 

[danger007]

KSA don't have money to invest. This news seems not correct. They imposing various taxes to run the business here in KSA


Don't teach father how to make sons. We know what we have to do

Wah great knowledge... You have good idea about business and investment..

 

[ito]

I am not sure whether investing in fossil fuel is a good idea. Majority of Saudi investments will be there.

 

[Śakra]

$300 billion seems way to high this is fake news.

 

[fallstuff]

Fake News.
No other news agency reporting it.
I doubt the Saudis got money to burn !

 

[Hyperion]

The world is not changing, it has already changed. It's about time Pakistan has a second look at it's geo-calculus.

 

[Arabi]

I've gone through every single Saudi-based economic specialized website and non of them mentioned this BS news. Anyway, I think we don't have to ignore the third largest market of oil in the world just to please some lazy and incompetent Pakistani politicians who can't do anything good for Pakistan's economy.

Why can't they invest in Pakistan? Even just 10 billion USD would lead to a big improvement in Pakistan.

The bilateral trade between India & Turkey has gone up to US$ 6.4 billion in 2016 and it is heavily tilted in India's favour.
On the flip side, accoding to (mfa.gov.tr) the bilateral trade between Turkey and Pakistan stood at US$ 610 million.
To add more spice to the equation, the bilateral tade between Pakistan & India is up to 2.6 billion in 2016 which means India is economically more beneficial to Pakistan than Turkey.

 

[wiseone2]

Saudi Arabia to invest $300 billion in next 4-5 years: NITI Aayog CEO Amitabh Kant

NITI Aayog CEO Amitabh Kant on Monday said Saudi Arabia will invest $300 billion in India in the next 4-5 years. “Saudi Arabia wants to invest in energy security and supply and become India’s investment partner. It will invest $300 billion in next 4-5 yrs,” Kant was quoted as saying by ANI.
The NITI Aayog CEO also said that Prime Minister Narendra Modi-led Union government would bring a ‘New Energy Policy’ for the country within 30-45 day. Modi’s focus is also on making a national grid for gas, added.
Earlier in the day, Modi interacted with top oil and gas CEOs and experts from across the world in a meeting Delhi. The top CEOs and officials were from from Rosneft, BP, Reliance, Saudi Aramco, Exxon Mobil, Royal Dutch Shell, Vedanta, Wood MacKenzie, IHS Markit, Schlumberger, Halliburton, Xcoal, ONGC, IndianOil, GAIL, Petronet LNG, Oil India, HPCL, Delonex Energy, NIPFP, International Gas Union, World Bank, and International Energy Agency.
NITI Aayog coordinated the meeting. A number of participants at the meeting strongly recommended the inclusion of gas and electricity in the GST framework.
According to a PIB release, Modi said the scope for reform in many areas still exists. Modi also thanked the President of Russia, Vladimir Putin, and Rosneft, for their commitments and support to the energy sector in India.
The PM also appreciated the 2030 vision document of the Kingdom of Saudi Arabia.
Top CEOs and officials from the energy sector are participating in the INDIA ENERGY FORUM – CERAWeeK in New Delhi. At the event, Union petrol minister Dharmendra Pradhan said, “India will remain one of the fastest growing energy markets in the world in the coming two decades. Both on account of increasing access and better life styles, there will be growth in per capita energy consumption. We will be an influential buyer in the global energy market.”
httpwwwfinancialexpresscom/economy/saudi-arabia-to-invest-300-billion-in-next-4-5-years-niti-aayog-ceo-amitabh-kant/887827/

I doubt Saudis have the cash flow. I doubt India has that level of opportunities

@Zarvan @KediKesenFare @Khafee if true then the zionist Saudians are signing their death warrant. When it comes to investment, they go to india but when they need protection from someone who gropes them from their fat behind, they come running to their Papa - Pakistan..that drama cannot go on forever.

Pakistanis are not in position to dictate to the Saudis anything

 

[egodoc222]

Why can't they invest in Pakistan? Even just 10 billion USD would lead to a big improvement in Pakistan.

Nobody invests to develop other country...they do to earn more money....development is just a spin-off from the trade...sadly nobody thinks that they can make money out of Pakistan...so...

 

[waz]

India is a big player. They have economic clout and countries will do business with them.

 

[KediKesenFare3]

I've gone through every single Saudi-based economic specialized website and non of them mentioned this BS news. Anyway, I think we don't have to ignore the third largest market of oil in the world just to please some lazy and incompetent Pakistani politicians who can't do anything good for Pakistan's economy.



The bilateral trade between India & Turkey has gone up to US$ 6.4 billion in 2016 and it is heavily tilted in India's favour.
On the flip side, accoding to (mfa.gov.tr) the bilateral trade between Turkey and Pakistan stood at US$ 610 million.
To add more spice to the equation, the bilateral tade between Pakistan & India is up to 2.6 billion in 2016 which means India is economically more beneficial to Pakistan than Turkey.

So what? Trade is one thing, investing is another. Especially an oil-rich country like Saudi Arabia could easily invest billions in Pakistan. But you're choosing India over Pakistan. You have hundreds of billions of USD in your account. Just invest 10 billion in Pakistan and make a difference. I'm not talking about charity here. Make a profit, no one cares, as long as you actually invest.