The Union Cabinet approved the 3 MoU's between India and Saudi Arabia. The Union Cabinet approved the MoU between India and Saudi Arabia on establishing a mechanism for Investment Infrastructure in India. The MoU provides for engaging with the institutions of Saudi Arabia to attract potential investment into the infrastructure sector of India. The aim is to boost the infrastructure development in India, creating more jobs, growing ancillary industries and finally lead to the growth in GDP and overall economic prosperity.
