Monday, November 25, 2024

Bahrain EDB embarks on multi-city tour in India to boost investment opportunities

Bahrain’s forward-looking policies and strategic initiatives continue to attract international investors, making the kingdom a key destination for businesses aiming to expand across the region

PRAVASISAMWAD.COM

The Bahrain Economic Development Board (Bahrain EDB) has announced a multi-city visit to India, from September 9 to 14, to strengthen economic ties and showcase investment opportunities.

The delegation, led by Minister of Sustainable Development and Bahrain EDB’s Chief Executive, Noor bint Ali Al Khulaif, will highlight Bahrain’s potential in key sectors like manufacturing and information and communication technology (ICT).

The tour will include visits to Mumbai, Bengaluru, and Chennai, where Bahrain EDB will engage with targeted investors through a series of meetings and events.

  • Bahrain EDB maintains an office in Mumbai, supporting Indian businesses with market intelligence, guidance, and connections to relevant decision-makers

  • This visit aims to deepen the long-standing economic relationship between the two countries and reinforce Bahrain’s position as a hub for global investment

These interactions aim to underscore Bahrain’s strategic advantages for Indian businesses looking to expand into the Gulf region and beyond.

Minister Al Khulaif emphasized Bahrain’s appeal, noting its central location in the Gulf, proximity to India, and progressive policies that foster a welcoming business environment.

“Bahrain offers a strategic location, robust policies, and a vibrant investment ecosystem that Indian businesses can leverage for global expansion,” Minister Al Khulaif stated. “We are committed to forming strategic partnerships that drive mutual growth and prosperity for both Bahrain and India.”

Bahrain already hosts over 10,900 Indian companies and joint ventures, a number that has grown by 62% since 2019. Indian foreign direct investment (FDI) in Bahrain reached USD 1.52 billion in 2023, with notable Indian companies like Tech Mahindra, ICICI Bank, and UltraTech Cement establishing operations in the country. These investments highlight Bahrain’s competitive advantages, including its skilled workforce, advanced infrastructure, and strategic access to the broader Gulf and MENA regions.

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