Sitharaman Holds Bilateral Talks With Saudi, Switzerland, Jordan, Nepal

Finance Minister Nirmala Sitharaman has held bilateral meetings with ministers from Saudi Arabia, Switzerland, Jordan and Nepal on the sidelines of the AIIB annual meeting.

On the first day of her visit to Qatar on September 28, Sitharaman met her Saudi counterpart Mohammed Al-Jadaan who said that Saudi Arabia looks forward to early implementation of the bilateral investment treaty. 

"Both ministers welcomed the successful conclusion of negotiations on the India-Saudi Arabia Bilateral Investment Treaty (BIT), which will provide a stronger and more predictable framework for bilateral



investments and further strengthen investor confidence," the finance ministry said.

The Union Finance Minister conveyed that Saudi Arabia is India's trusted and valued strategic partner and highlighted the wide-ranging partnership between the two countries across defence, security, trade, investment, energy, technology, healthcare, education, culture and people-to-people exchanges, the ministry added. 

Both the ministers discussed further strengthening the strategic partnership between the two countries. The Saudi minister expressed keen interest in welcoming investments from India.