Saudis keen to invest in Indian food sector: Envoy tells Karnataka authorities

Agencies
December 5, 2018

Bengaluru, Dec 5:  Saudi Arabia was keen to invest in the Indian food sector as India was one of the largest exporters of grains and vegetables to the desert kingdom, its ambassador to India Saud bin Mohammed Al-Sati said on Tuesday.

"We are looking to invest in the Indian food sector, particularly in packaging, storage and transportation, as India is one of the largest exporters of food grains and vegetables to our kingdom," Sati told an interactive session with India Inc here.

In view of the 30 per cent wastage in the Indian farm sector due to bottlenecks in storage, packaging and transportation, the envoy said investment by Saudi Arabia would benefit both the countries.

Projecting a 10 per cent increase in bilateral trade between the two countries this fiscal (2018-19) from $27.5 billion last fiscal (2017-18), Sati said there was immense scope to boost it further by investing in agriculture, chemicals, fertilizers and tourism.

"There is a great potential for tourism as we are reducing our dependency on petroleum oil. We are expecting about 8 lakh Indians to visit our country this year as against 5 lakh last year," said the ambassador.

Calling upon India Inc to explore business opportunities in his country, the envoy told the Karnataka members of the Confederation of Indian Industry (CII) apex body to invest in the education and IT sectors to benefit the 3 million Indian expats in the kingdom.

Hydrolines Chief Executive R.P. Nair said IT, IT-enabled services, pharmaceuticals, life sciences, manufacturing, power, energy, transport and logistics, food processing and beverage, infrastructure and construction, plastics and polymers chemicals and automotive were the key sectors for trade between the two countries.

"As relations between the two countries were robust and vibrant, there is huge potential to expand the cooperation in unexplored areas. India can be a strong partner in Saudi Arabia's expansion process," added Nair.

Earlier, Sati called on Karnataka Chief Minister H.D. Kumaraswamy at the state Secretariat in the city centre along with former Minister and Congress legislator Roshan Baig.

Also Read: Bengaluru to get Saudi Arabian consulate soon

Comments

Joseph Stalin
 - 
Wednesday, 5 Dec 2018

Great gift for people. It will help to increase jobs in food packaging, storaging and transporting sections

Unknown
 - 
Wednesday, 5 Dec 2018

Actually we need govt like Saudi . They are really working for people's development and satisfaction. Modi govt such a waste. Working for unwanted issues

Sandeep Ullal
 - 
Wednesday, 5 Dec 2018

Packaging, stiraging fields will improve far better than now. Good news.. Congrats HDK govt. Thank you saudi govt

Vinod
 - 
Wednesday, 5 Dec 2018

Such a nice move. HDK doing great things

Reshma kodialbail
 - 
Wednesday, 5 Dec 2018

Indians love arabian foods. Already we adopted many arabian foods than western

Add new comment

  • Coastaldigest.com reserves the right to delete or block any comments.
  • Coastaldigset.com is not responsible for its readers’ comments.
  • Comments that are abusive, incendiary or irrelevant are strictly prohibited.
  • Please use a genuine email ID and provide your name to avoid reject.
News Network
April 23,2020

Mangaluru, Apr 23: Playing the role of a good samaritan, the owner of a commercial complex and houses has waived off a month’s rent at Panemangalore in Bantwal.

B H Complex owner Mohammed Hassan has waived the rent of 21 shops and 12 houses in the complex. Due to Lockdown, people are without jobs and are struggling to eke out a living and Mr Hassan's good gesture helps them.

Hailing from Barimaru, Mr Hassan, who was working in foreign country, has come down and settled here. He had constructed houses and commercial complex and was living on the rent he was receiving.

Comments

Add new comment

  • Coastaldigest.com reserves the right to delete or block any comments.
  • Coastaldigset.com is not responsible for its readers’ comments.
  • Comments that are abusive, incendiary or irrelevant are strictly prohibited.
  • Please use a genuine email ID and provide your name to avoid reject.
News Network
March 12,2020

Hassan, Mar 13: In what could have been a major tragedy, an under construction flyover across Hassan-Mangaluru railway level crossing, near the new KSRTC Bus stand here collapsed today.

Fortunately no casualties occurred despite six concrete beems of 50 feet height, collapsed and broke into pieces.

The much awaited project was completely neglected by the successive governments for over a decade due to politics.  It was sanctioned eight months ago.

The Rs 42 crore project was taken up by a joint venture between state, center and South Eastern railway. The contractor or the Engineer were not present when the incident occurred.

Blaming the contractor, the locals alleged that poor quality of work led to the incident. No contractor or engineer was present even during construction, they added. Siddaiah, who runs an eatery near KSRTC bus stand said that it could have been a major tragedy if people were underneath the flyover when it crashed. The incident should be probe and the contractor should be punished, he added.

Comments

Add new comment

  • Coastaldigest.com reserves the right to delete or block any comments.
  • Coastaldigset.com is not responsible for its readers’ comments.
  • Comments that are abusive, incendiary or irrelevant are strictly prohibited.
  • Please use a genuine email ID and provide your name to avoid reject.
News Network
January 1,2020

Thiruvananthapuram, Jan 1: Kerala chief minister Pinarayi Vijayan on Wednesday said that the resolution passed by the Kerala Assembly is against the "unconstitutional Act passed by the Centre".

"The resolution passed by Kerala Assembly is against the unconstitutional Act passed by the Centre. It has been noticed by the whole country," Vijayan said.

The Kerala Assembly had on Tuesday passed a resolution seeking withdrawal of the Citizenship (Amendment) Act, 2019.

Before the resolution was passed against the Act, Vijayan in a special Assembly session targeted RSS and said that citizenship law is part of an agenda.

"The CAA is part of an agenda. Muslims are being considered as internal enemies by RSS, who is controlling the ruling dispensation at the Centre," he alleged.

The new law grants citizenship to Hindus, Sikhs, Jains, Parsis, Buddhists and Christians fleeing religious persecution in Pakistan, Afghanistan and Bangladesh who came to India on or before December 31, 2014.

Meanwhile, on Wednesday while talking about women safety, the Chief Minister said, "Those women, who are traveling face many problems, particularly regarding accommodation. To address this, government will start accommodation facilities in all towns. This project will be implemented with the help of local bodies."

Reacting to the development in the Kerala Assembly, BJP leader Mukhtar Abbas Naqvi said that Assembly has insulted the Constitution and parliament by passing a resolution seeking withdrawal of the Citizenship Amendment Act (CAA).

"The Constitution has delineated clearly the roles of parliament and state legislatures. When people who have taken an oath of the constitution, destroy it, it is a most irresponsible act. Both the houses of parliament have passed CAA and if a state assembly tries to hijack the Act it is an insult not only of the constitution but the parliament as well," Naqvi told news agency.

Comments

abdulla
 - 
Thursday, 2 Jan 2020

Dear scape goat Naqvi, dont try to fool us.   I know you are a liar as you are int he company of liars.  MPs are taking oath to respect and safeguard indian constitution and not to disrespect it and go agaisnt the teachings of constitution.  What Central Govt has done is 100 perent agaisnt the constitution and every citizen has the right to oppose this.   You are definately go with the Govt as you are paid for it.   But dont force other too to follow you.  What Kerala Govt has done is according to will of people and Central Govtr should respect it.   

Add new comment

  • Coastaldigest.com reserves the right to delete or block any comments.
  • Coastaldigset.com is not responsible for its readers’ comments.
  • Comments that are abusive, incendiary or irrelevant are strictly prohibited.
  • Please use a genuine email ID and provide your name to avoid reject.