21. The Indian side highlighted the key initiatives taken by the Government of India to improve the ease of doing business in the country and India's key efforts to simplify and rationalize existing rules and relax the foreign direct investment norms in key areas, including railways, defence and insurance. Inviting the Kingdom of Saudi Arabia to be a partner in India's growth story, Prime Minister Modi encouraged Saudi Aramco, SABIC and other Saudi companies to invest in the infrastructure sector in India and to participate in projects creating mega industrial manufacturing corridors, smart cities as well as the Digital India and Start up India programmes. 22. The Saudi side expressed its interest in investing in infrastructure development in India, especially in priority areas such as railways, roads, ports, and shipping. The Saudi side welcomed interest of Indian side in investing in the Kingdom, especially taking advantage of the competitive investment opportunities offered by the Saudi economic and Industrial cities. 23. Both leaders also welcomed the signing of the framework agreement between the General Investment Authority in the Kingdom of Saudi Arabia and Invest India aimed at facilitating investments by the private sectors in the two countries. 24. Keeping in view the importance of energy security as a key pillar of the strategic partnership, the two leaders expressed satisfaction at their growing bilateral trade in the energy sector, acknowledging the Kingdom of Saudi Arabia as the largest supplier of crude oil to India. 25. The two leaders agreed to transform the buyer-­seller relationship in the energy­ sector to one of deeper partnership focusing on investment and joint ventures in petrochemical complexes, and cooperation in joint exploration in India and in third countries. The two sides also agreed to focus on areas of training and human resources development and cooperation in research and development in the energy sector. In this regard, the two leaders expressed the need for regular meetings under the umbrella of Indian-­Saudi Arabia Ministerial Energy Dialogue. --More 01:36 LOCAL TIME 22:36 GMT www.spa.gov.sa/w