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Paresh Mehta, President of the Regional Federation of Indian Export Organisations and head of the Indian delegation, stressed India’s commitment to boosting bilateral trade
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He noted that factors such as political stability and geographical proximity make Oman an attractive destination for Indian investments
An Indian business delegation recently visited Oman to explore investment opportunities and strengthen trade partnerships. The Oman Chamber of Commerce and Industry (OCCI) in North Al Batinah Governorate hosted the delegation in Sohar, comprising 30 business representatives from various sectors, including foodstuff, agriculture, construction materials, cosmetics, medicine, plastics, textiles, petroleum products, and jewelry.
During the visit, both Omani and Indian business leaders engaged in discussion panels and B2B meetings, aimed at fostering trade cooperation, exchanging expertise, and identifying joint investment prospects. The event highlighted the growing economic collaboration between the two nations, with a focus on expanding partnerships across multiple industries.
The visit reflects the continuous efforts by both countries to solidify their economic partnership and explore new avenues for growth in various sectors
Eng. Saeed bin Ali Al Abri, Chairman of the OCCI’s North Al Batinah branch, emphasized the strong trade relationship between Oman and India, noting that bilateral trade reached over $3 billion by June 2023. He attributed this growth to the efficient logistics infrastructure and the strategic geographic position of Oman, which serves as a vital hub for trade between the two countries.
Al Abri also mentioned that the ongoing discussions aim to deepen economic ties and that the anticipated free trade agreement between Oman and India will further enhance these efforts, marking a significant milestone in the two countries’ economic relationship.
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