The meeting reviewed the obtainable possibilities in the financial, trade and investment fields in each nations and indicates of enhancing cooperation, in addition to discussing indicates of escalating investment among Oman and India.
Addressing the gathering, PM Modi mentioned that India is seeing large progress in financial field, particularly in the manufacturing sector. He mentioned that India is embracing significant international businesses specialised in IT, in addition to a quantity of scientific analysis centres.
He spoke on financial, investment and trade activities, pointing to the existence of understanding among Oman and India for centuries.
He highlighted the interest of Indian investors in taking benefit of investment possibilities in the free of charge and industrial zones in Oman, expressing hope that there will be reciprocal visits amongst businessmen in the two nations to discover possibilities.
H E Dr Ali bin Masoud bin Ali al Sunaidy, Minister of Commerce and Industry mentioned that Oman and India have traded more than the Indian Ocean for centuries just before planet trade agreements, permitting Omani and Indian traders to access African markets.
He mentioned trade relations among the two nations are progressing nicely with the presence of ports in Sohar, Salalah and Duqm, which can be employed for storing and distributing Indian items such as rice, wheat and sugar. He affirmed that Oman is in a position to export a lot more minerals to India which is witnessing boom in different industries.
He added that there are a number of fields of cooperation among the two friendly nations, specifically in meals safety, significant commodities, mining and steel industries, pointing out that there are a quantity of joint investments amongst the Omani businessmen and their Indian counterparts.
Qais bin Mohammed al Yousuf, chairman of the Oman Chamber of Commerce and Industry praised the robust historical, political and industrial relations among the two friendly nations.
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.
Information Source: Muscat Daily