Bahrain’s strategic location, coupled with its robust government policies and favorable investment climate, continues to draw Indian companies
Bahrain Economic Development Board (EDB) has successfully secured $16.65 million in investments from three prominent Indian companies in the manufacturing, renewable energy, and ICT sectors. This achievement is part of EDB’s ongoing mission to strengthen economic ties between Bahrain and India, reinforced during a week-long visit to Mumbai, Bengaluru, and Chennai.
Highlighting the historic relationship between the two nations, H.E. Noor bint Ali Alkhulaif, Bahrain’s Minister of Sustainable Development and CEO of Bahrain EDB, stated, “Bahrain’s business-friendly environment continues to attract international companies seeking growth, bolstered by our strategic position and commitment to sustainability.” The investment reflects Bahrain’s growing reputation as a regional hub for innovative companies looking to expand their operations.
India’s Foreign Direct Investment (FDI) stock in Bahrain has risen by 36.6% from 2019 to 2023, with an annual average inflow of $102 million, bringing the total to $1.52 billion by 2023
Among the companies leading this initiative is Chemco, a renowned player in packaging solutions. Chemco plans its third expansion in Bahrain, enhancing its production capabilities at the Bahrain International Investment Park (BIIP). Known for its sustainability-driven initiatives, Chemco’s Managing Director, Gaurav Saraogi, emphasized the advantages of Bahrain’s supportive business environment, noting that the Kingdom’s commitment to a carbon-neutral future aligns with the company’s long-term goals.
Bhageria Industries, another Indian company, is investing in an 11.40 MW solar project, its first international solar venture. Awarded a 10-year turnkey contract with APM Terminals Bahrain, Bhageria is contributing to Bahrain’s shift towards renewable energy, showcasing the country’s commitment to clean and sustainable energy solutions.
In addition, an Indian ICT firm is setting up its regional headquarters in Bahrain, further enhancing Bahrain’s growing influence in the technology and AI sectors. This investment supports the Kingdom’s vision to become a tech-driven, future-ready economy, offering a dynamic talent pool and innovative opportunities.
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