India, Saudi Arabia to increase trade cooperation

NEW DELHI: India and Saudi Arabia have committed to increase cooperation in fields of trade, IT, communication and higher education.

A two-day meeting of India-Saudi Arabia Joint Commission, which concluded yesterday, focused on enhancing bilateral cooperation, knowledge exchange and economic ties between the two countries.

"A wide range of issues, including cooperation in trade and commerce, higher education, health, communication, culture and IT were discussed," a finance ministry statement said after the meeting co-chaired by Finance Minister Arun Jaitley and Tawfiq Fawzan Al Rabiah, Minister of Commerce and Industry, Kingdom of Saudi Arabia.

"Ministers from both sides also acknowledged the need to explore investment opportunities in both countries," the statement added.

The next meeting of the Commission would be held in 2016 in Saudi Arabia.