Indian Committee which was held in Riyadh in January 2014, commending the recommendations issued following the session to strengthen bilateral cooperation in economic, trade, investment, cultural and technical fields. The two sides agreed on the importance of encouraging businessmen in both countries to increase investment; take advantage of investment opportunities available in the Kingdom of Saudi Arabia and the Republic of India, especially in the fields of infrastructure and technology transfer; and increase cooperation in the field of human resources qualified in information technology, electronics and communications. The two sides urged the competent authorities of the two countries to expedite the completion of a framework agreement between the General Authority for Investment of the Kingdom of Saudi Arabia and the Investment Authority of India in order to contribute to facilitating investment by businessmen of the two countries, especially in the petrochemical sector, pharmaceutical industries and medical equipment, in addition to establishing joint investments in these fields. The two sides agreed to remove all difficulties and obstacles that may hamper the increase and flow of investments or the growth of trade between the two countries. The two sides expressed pleasure over the development of defense cooperation between the two countries, especially in the field of training and exchange of experiences. In this regard, the two sides welcomed the signing of a memorandum of understanding on military cooperation between the Kingdom of Saudi Arabia and the Republic of India. The two sides reiterated their condemnation of the phenomenon of terrorism, extremism and violence, stressing that it is a global phenomenon that threatens all societies and is not linked to any race or belief. --More 13:47 LOCAL TIME 10:47 GMT تغريد
