228 ANNExURE 3
- Encouragement of the exchange of information relating to scientific
and technical research. - Encouragement of the exchange of various goods and products
between them. - Encouragement of the exchange and training of technical staff required
for specific cooperative programme.
Joint Ventures
The two countries will promote the encouragement of economic and
technical co-operation between the institutions of each other’s country,
including legal entities and establishment of joint ventures and companies
in the different spheres.
India and Saudi Arabia will also encourage investment and flow of capi-
tal between their respective countries.
Exchange of visits by economic and technical representatives and dele-
gations between the two countries are also to be encouraged.
This Agreement will come into force, and becomes effective on the
date of exchange of the instruments of ratification in accordance with their
respective procedures.
Source: India, Foreign Affairs Record 1981