Prime Minister Narendra Modi made a strong pitch for Australian pension fund investments and Saudi participation in the National Investment and Infrastructure Fund (NIIF) in his bilateral meetings with Prime Minister Malcolm Turnbull and Deputy Crown Prince Mohammad bin Salman.
The PM also thanked Turnbull for Australia’s support to India for gaining membership in the Nuclear Suppliers Group. “Turnbull said Australia would continue to support India’s NSG membership,” said the MEA spokesperson. The two leaders also discussed defence and security cooperation, assessed recent naval exercises and agreed to remain in touch. Modi also sought Australia’s support for clean coal technology, given India’s energy targets. “Australia has proven expertise in this and it will be a win-win partnership,” the spokesperson said quoting Modi.
Welcomes Saudi On Investments In Infrastructure:
Prime Minister also invited greater Saudi investment, particularly through the National Investment and Infrastructure Fund (NIIF). "He also sought greater cooperation in infrastructure, particularly modernisation of railway stations," the sources said. Modi complimented Prince Mohammad for his Vision 2030 Document that charts out a roadmap for the future of the Gulf kingdom.
The Saudi Vision 2030 is aimed at making the Gulf kingdom a global investment powerhouse and turn into a connecting hub for the continents of Asia, Europe and Africa. Modi also recalled his highly successful visit to Saudi Arabia in April this year following which he was conferred that country's highest civilian honour, the King Abdulaziz Sash.
Modi also said that he looked forward to an early visit from Saudi King Salman to India.