Taif, SPA:
Chairman of the Board of Directors of Taif's Chamber of Commerce and Industry, Naif Bin Abdullah Al-Adwani opened here today an exhibition of Catalogues of Indian Companies in the presence of Indian Consul General in Jeddah Faiz Ahmed Kidwai.
The two-day exhibition is highlighting activities of the Indian companies engaged in the industrial, commercial, agricultural and tourism sectors as well as other investment proposals of interest to businessmen and investors.
In an address on the occasion, Al-Adwani said the main goal of the exhibition is to promote trade and economic relations between Saudi Arabia and India and view the enormous commercial potential of India, which is one of the fastest growing economies in the world.
For his part, Faiz Ahmed Kidwai hailed the distinguished relations between the Kingdom of Saudi Arabia and India, noting in this regard, the visit of the Custodian of the Two Holy Mosques, King Abdullah Ibn Abdulaziz Al Saud to India in 2006, which he said had opened a new page in bilateral relations leading to increased cooperation between the two countries in all areas.
'The visit of Prime Minister of India Dr. Manmohan Singh to the Kingdom last year resulted in the increase of trade exchange between the two countries that reached during the fiscal year 2009/2010 to $ 21 billion,' he said.
Kidwai expressed optimism over the possibility of further expanding of trade ties and increasing investment between the two countries.
He said the exhibition provides an overview of Indian companies in various fields and reflects India's desire to deal with Saudis and its willingness of partnership for the promotion of consular cooperation in this regard.