Modi being conferred with the Gulf kingdom's highest civilian honour, the King Abdulaziz Sash (Photo: PIB)
India and Saudi Arabia on Sunday decided to further strengthen cooperation in the fight against terror and Prime Minister Narendra Modi assured Saudi and Indian businessmen that the Goods and Services Tax (GST) will be rolled out soon.
Modi was also conferred with the Gulf kingdom's highest civilian honour, the King Abdulaziz Sash.
"The two leaders agreed to further strengthen cooperation in combating terrorism, both at the bilateral level and within the multilateral system of the UN," said a joint statement issued after delegation-level talks in Ryadh led by Modi and Saudi King Salman bin Abdulaziz Al Saud.
Sunday was the second and final day of Prime Minister Modi's visit to the Gulf kingdom.
"The two leaders called upon the international community to strengthen multilateral regimes to effectively address the challenges posed by terrorism," the statement said.
Both leaders also rejected "any attempt to link this universal phenomenon to any particular race, religion or culture".
They discussed regional and international issues of mutual interest, including the security situation in Middle East, West Asia and South Asia.
"The two leaders agreed to enhance cooperation to strengthen maritime security in the Gulf and the Indian Ocean regions, vital for the security and prosperity of both countries," the joint statement added.
In the field of energy cooperation, Modi and King Salman agreed to transform the current buyer-seller relationship to one of deeper partnership focusing on investment and joint ventures in petrochemical complexes, and cooperation in joint exploration in India, Saudi Arabia and in third countries, according to the statement.
On bilateral trade, both expressed satisfaction at the $39 billion trade in 2014-15.
"He commended Prime Minister Modi's worthy initiatives of 'Startup India', 'Make in India', 'Smart City', and 'Clean India', noting their strong potential to provide Indian economy a positive thrust for growth," the statement said.