Oman signed eight pacts on Sunday with India to consolidate strategic relations, inside the framework of the pay a visit to of Indian Prime Minister Narendra Modi. The agreements had been signed from the Indian side by its Ambassador H E Indra Mani Pandey.
During the signing of these pacts at the Ministry of Foreign Affairs, Oman’s initial accession to International Solar Alliance was announced. It is primarily based in India. H E Pandey mentioned that cooperation in between the two sides would expand via these pacts to a wider and much more sophisticated level.
H E Pandey mentioned that Indian businesses have considerable investments in totally free zones and ports in Sohar and Salalah. He added that there is an Indian investment estimated at US$1.8bn in two projects in Special Economic Zone in Duqm. On the volume of trade in between the two nations, he mentioned that this year it is anticipated to attain US$five.5bn.
Information Source: Muscat Daily