Saudi Arabia sees USD 100 bn investment opportunity in India: Crown Prince
New Delhi: Oil-rich Saudi Arabia sees an investment opportunity of USD 100 billion in India in various sectors, said visiting Crown Prince Mohammed Bin Salman Wednesday here.
Addressing the media along with Prime Minister Narendra Modi, the crown prince said Saudi Arabia has already invested USD 44 billion in India since the visit of Modi in 2016 to the Gulf nation.
He also lauded India's strength in the information technology (IT) and said Saudi Arabia too was investing a lot in the sector.
"We understand that there are opportunities for more than USD 100 billion investment in India...We want to strengthen investment and economic ties to ensure useful returns for both countries," the crown prince said.
He informed that Saudi Arabia has invested in India in petrochemicals and diversifying into other sectors.
"We want to increase cooperation with India as it will give a new direction to our relationship," he said.
Later T S Tirumurti, Secretary (ER) in Ministry of External Affairs, told reporters that there is a commitment by Saudi Arabia to invest USD 100 billion in sectors like energy, petrochemicals and manufacturing.
When asked by when investments would be made, the Secretary said there was no timeline.
The crown prince arrived here on a less than 30-hour visit Tuesday night, a day after concluding his high-profile tour of Pakistan where he said dialogue was the only way to resolve "outstanding issues" between India and Pakistan.
In a special gesture, Modi received Salman at the airport here, signifying the importance India attaches to the visit by the leader of the Gulf nation.
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Udupi: Two men from Belthangady awarded life imprisonment for attempt to murder a woman in 2022
Udupi: Two men from Belthangady have been sentenced to life imprisonment by a court in Udupi for attempting to murder a woman in Manchikumeri in 2022.
The sentenced men, Mithun and Nagesh Poojary, are learned to have attempted to murder Sumathi, wife of Ramanath Rai, a resident of Manchikumeri, who had a Nandini Milk Parlour at Tiger Circle, Manipal.
On February 18, 2022, Sumathi was reportedly alone at home when, at around 7 pm, Mithun, learned to be her nephew, and his friend Poojary came to the house. As Sumathi opened the door, the duo barged in and tried to strangulate her with an intention of murdering her. Sumathi reportedly lost consciousness under the attack.
The men packed her body in a sack and were then putting the sack into a suitcase to carry the body out, when they noticed that Rai and neighbours had arrived. They are learned to have opened the door when Rai knocked the door and then tried to escape. They were, however, caught by the neighbours and handed over to the police.
Further, Sumathi was found by the group in an unconscious state inside the suitcase in the house. She was rushed to the Manipal Hospital and learned to have recovered after a week of medical treatment.
A case had been registered at the Manipal Police Station.
The Udupi Principal District and Sessions Court judge Kiran S Gangannavar, who heard the case, has declared both Mithun and Poojary guilty in the case. He has awarded them life imprisonment, fined them Rs 20,000 each and, under Column 325, sentenced them to rigorous imprisonment of 5 years and fined them Rs 5,000 each.
Judge Gangannavar has directed that, of the fine, Rs 45,000 be handed to the attack victim Sumathi as relief.
Jayarama Shetty represented the government as Public Prosecutor.
