Indian PM meets Omani businessmen

Muscat - 

Narendra Modi, the Prime Minister of India and his accompanying delegation on Monday met Omani businessmen. 

The meeting reviewed the available opportunities in the economic, trade and investment fields in both countries and means of enhancing cooperation, besides discussing means of increasing investment between Oman and India.

Addressing the gathering, PM Modi said that India is seeing big progress in economic field, especially in the manufacturing sector. He said that India is embracing major international companies specialised in IT, in addition to a number of scientific research centres.

He spoke on economic, investment and trade activities, pointing to the existence of understanding between Oman and India for centuries.

He highlighted the interest of Indian investors in taking advantage of investment opportunities in the free and industrial zones in Oman, expressing hope that there will be reciprocal visits among businessmen in the two countries to explore opportunities.

H E Dr Ali bin Masoud bin Ali al Sunaidy, Minister of Commerce and Industry said that Oman and India have traded over the Indian Ocean for centuries before world trade agreements, allowing Omani and Indian traders to access African markets.

He said trade relations between the two countries are progressing well with the presence of ports in Sohar, Salalah and Duqm, which can be used for storing and distributing Indian products such as rice, wheat and sugar. He affirmed that Oman is able to export more minerals to India which is witnessing boom in various industries.

He added that there are several fields of cooperation between the two friendly countries, particularly in food security, major commodities, mining and steel industries, pointing out that there are a number of joint investments among the Omani businessmen and their Indian counterparts.

Qais bin Mohammed al Yousuf, chairman of the Oman Chamber of Commerce and Industry praised the strong historical, political and commercial relations between the two friendly countries.

The meeting was also attended by H E Dr Mohammed bin Hamad al Rumhi, Minister of Oil and Gas (Head of the Mission of Honour accompanying the Guest), H E Yahya bin Said al Jabri, chairman of the Special Economic Zone Authority in Duqm and H E Sheikh Hamad bin Saif al Rawahi, Oman’s Ambassador to India.

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