Ansari welcomes investment by Kuwait in petroleum sector

April 7th, 2009 - 8:25 pm ICT by ANI  

By Lokendra Singh

Kuwait City, Apr 7 (ANI): Vice President Mohammad Hamid Ansari, who is on a three-day visit to Kuwait, addressed the members of Chamber of Commerce here on Tuesday.

Foreign direct investment in petroleum and fertilizer sector from Kuwait formed the core of discussions in the meeting.

Assuring the safety of all sorts of investments to be made in India by Kuwait, Ansari promised that if Kuwaiti companies invest in fertilizer sector, then India can buy their produce within the nation itself.

The Kuwaiti ministers took Ansari’s proposal positively and revealed that a delegation from Kuwait would soon visit India to do a feasibility study.

Ansari, who is representing India in its first high-profile visit to Kuwait in nearly three decades, on Monday had asked for support of Kuwait in forging a common, comprehensive approach to deal with terrorism.

He also favoured greater cooperation with the oil-rich Gulf country, especially in the field of science and technology and education. (ANI)

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