His visit comes a day after his two-day trip to Islamabad, where he announced a bail-out investment of $20 billion
India officially announced the program for the visit of Saudi Crown Prince Mohammed bin Salman, deputy prime minister and minister of defence, starting on Tuesday, reports Khaleej Times.
"At the invitation of Prime Minister Narendra Modi, His Royal Highness Mohammed bin Salman bin Abdulaziz Al Saud, Crown Prince, Deputy Prime Minister and Minister of Defence of the Kingdom of Saudi Arabia is paying his first State visit to India on 19 and February 20, 2019. He will be accompanied by a high-level delegation, including ministers, senior officials and leading Saudi businessmen," an announcement by the Ministry of External Affairs said.
His visit comes a day after his two-day trip to Islamabad, where he announced a bail-out investment of $20 billion. The Saudi crown prince returned to Saudi Arabia on Monday as India reportedly had reservations over his visit to India from Pakistan, according to PTI news.
During the forthcoming visit, the Crown Prince will call on the president and vice president of India. He will hold bilateral talks with Modi on a wide range of issues of mutual interest. This visit follows a trip by Modi to Saudi Arabia in April 2016, during which the two countries agreed to elevate their strategic partnership.
Saudi-India bilateral trade was $27.48 billion during the year 2017-18, making Saudi Arabia India's fourth largest trading partner. Saudi Arabia contributes about 20% of India's crude requirements. Recently, Saudi Aramco in partnership with Adnoc entered into a joint venture for $44 billion worth Ratnagiri Refinery and Petro-Chemical project Ltd.