Wednesday, 16 Oct 2019 | 17 Safar 1441
Indian businessmen, professionals in Oman urged to enhance bilateral trade

Indian businessmen, experts in Oman urged to improve bilateral trade

The sixth edition of the India Business Forum was attended by about 200 major Indian businesspersons and experts, stated a press release.

The embassy has been convening the forum with a view to engage the expanding neighborhood of Indian businesspersons and experts, living and functioning in Oman, in deliberations on the measures to improve bilateral trade and investments.

The forum has been convened twice a year and has emerged as a crucial platform for Indian businesspersons and experts in Oman to exchange their views with the embassy and to engage in interactions with 1 yet another.

H E Indra Mani Pandey, Ambassador of India to the sultanate, welcomed the participants and briefed them on the outcome of the current go to of Indian Prime Minister to Oman, such as signing of eight MoUs and agreements and identification of new locations of cooperation.
He referred to the address of Indian PM at India-Oman Business Meet, in the course of his go to to Oman, which underlined the commitment of the two nations to improve bilateral trade and mutual investments.

He also drew interest to the current go to of 30 subsequent generation enterprise leaders of Oman to India, which took spot in response to the invitation extended by Indian PM at India-Oman Business Meet. There he stressed that the subsequent generation of enterprise leaders of India and Oman must be encouraged to meet each and every other so that they are in a position to forge enterprise hyperlinks.

Pankaj Khimji, Omani co-chair of India-Oman Joint Business Council, who anchored the go to of Omani enterprise delegation to India, briefed the participants on the outcome of the go to, such as the get in touch with by Omani enterprise delegation on Indian PM and their meetings with Indian ministers for Commerce and Industry and Civil Aviation and Textiles.

The ambassador referred to yet another proposal by the Indian Prime Minister for go to of a composite Omani delegation to highlight possibilities for investments in Oman by means of roadshows in India in different cities.

Expressing satisfaction at the current optimistic developments in bilateral trade and investments, he lauded the part played by Indian businesspersons and experts.

He also urged them to continue to perform towards availing the possibilities getting supplied by diversification of Oman’s economy for enhancing bilateral and investments.

Highlighting the investment possibilities supplied by the quickly-expanding economy of India, the ambassador urged Indian businesspersons and experts to make investments in India and short Omani businesspersons on the investment possibilities in India, such as the expanding ease of carrying out enterprise in India, so that they are encouraged to avail the investment possibilities in India.

The ambassador encouraged Indian businesspersons and experts to determine sectors with prospective for a lot more trade among the two nations.

Oil and gas, minerals and mining, manufacturing, energy, renewables, well being, education, service, tourism and so on have been identified as the sectors with a higher prospective.

He requested Indian businesspersons and experts, who have the information and encounter of carrying out enterprise in each India and Oman, to assistance and encourage Indian businesses for carrying out enterprise in Oman.

Information Source: Muscat Daily

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