Oman Can Be Gateway To Large Markets For Indian Companies: Envoy


In what will be the first prime ministerial visit to Oman in 10 years, Prime Minister Narendra Modi will hold talks with Oman’s Sultan Qaboos bin Said al Said and also meet a group of Omani CEOs, to boost bilateral cooperation in all sectors. “Oman is a country of strategic importance for India and the defence forces of the two countries have held joint exercises,” according to Mridul Kumar, joint secretary (Gulf), MEA. “Besides several agreements expected to be inked, the Middle East to India Deepwater Pipeline (MEIDP) and MoU on Oman’s food security will be discussed between the two sides. Oman can be a gateway for Indian companies for easier access to large markets within the GCC, north/east Africa, free trade agreements with the US, Singapore and others,” Sheikh Hamad bin Saif bin Abdul Aziz Al Rawahi, ambassador of Oman, told FE.

Indians form the largest expatriate group in the 4 million population of Oman, who repatriate to India around $3 billion in earnings annually. PM Modi’s visit will help in opening the door wider for providing more investment opportunities to new business men and investors, the Omani envoy said. According to him, “The visit represents the deep Oman-India ties and consultations on political developments for the benefit of the Indian Ocean region. During the visit, both our leaders will focus on intensifying the cooperation in key sectors such as trade and defence.” Read More…

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