Around 15 prominent Omani business leaders, representing diverse sectors of the local economy, took in a roundtable organised by the Indian Embassy as part of a series of interactions aimed at boosting economic and trade cooperation between India and the Sultanate of Oman.
Noting the unique historic relations and deep-rooted people-to-people ties between India and the Sultanate of Oman, Indian Ambassador Amit Narang spoke about the robust and buoyant economic and commercial relations between the two sides that are poised to grow further. He stressed that given the advantages of proximity, connectivity and familiarity with each other’s markets, there exists great potential for enhancing bilateral trade and deepening investment cooperation.
Ambassador Narang noted with satisfaction that even during COVID19, India has been a reliable source of supply for fruits, vegetables and other essential items to the Sultanate Oman.
“Indian companies have emerged as leading investors in Oman, particularly in Free Zones with presence in various sectors like iron and steel, cement, fertilizers, textile, cables, chemicals, automotive etc. Oman’s strategic location as a gateway to the Middle East as well as Africa coupled with direct maritime connectivity (with the start of operations by Oman Shipping Company to two ports in India – Nhava Sheva and Mundra – from Sohar in Oman) make Oman a favored destination for Indian companies,” a press statement from the Embassy said.
In his address, the Ambassador underlined the importance of Oman’s Vision 2040 that provides an excellent roadmap and platform for deepening India-Oman business ties and taking them to the next level. The Omani government’s push towards economic diversification under its Vision 2040 has opened up new opportunities for businesses in India and the Sultanate of Oman to grow together. The Ambassador assured that India will be a reliable partner of the Sultanate of Oman to realize the objectives of Oman Vision 2040.
Narang also encouraged Omani businesses to explore possibilities to invest in India. He briefed them about Government of India’s Atmanirbhar Bharat initiative and assured participants that Embassy would be happy to provide all assistance for any trade or investment related issue between India and the Sultanate of Oman.
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