Tuesday 14 / May / 2024
Muscat: The Oman-India Investment Forum discussed investment opportunities available in promising economic sectors and ways to boost the exchange of knowledge, experiences, and best industrial and commercial practices.
Organised by the Oman Chamber of Commerce and Industry (OCCI) in Muscat on Saturday, a number of investors and business owners from both sides and the chief financial officers of economic and commercial institutions in the two friendly countries were present in the forum. They discussed promising sectors that can be relied on for economic diversification, and the sectors include energy, mining, food security, manufacturing industries, transportation, logistics, tourism and the digital economy.
Faisal bin Abdullah Al Rawas, Chairman of the Board of Directors of the Oman Chamber of Commerce and Industry, said that the forum discussed enhancing economic cooperation and trade and investment exchange to enhance bilateral relations between the Sultanate of Oman and the Republic of India.
He explained that the remarkable growth in bilateral trade between the Sultanate of Oman and the Republic of India is based on economic cooperation that puts responsibility on Omani and Indian private sectors for implementing this partnership, especially since the future outlook for the Omani and Indian economies is based on the private sector’s leadership for growth.
He pointed out that the forum is a platform for Omani and Indian companies to explore investment opportunities in key sectors such as energy, infrastructure, technology, healthcare and tourism, with a focus on projects and initiatives that provide investment prospects and discuss commercial policies to create a conducive environment for communication and building relationships between government officials, business leaders and investors and industry experts from both the countries.
For his part, Dr. Abdullah bin Masoud Al Harithi, a member of the Board of Directors of the Oman Chamber of Commerce and Industry, said that the forum focused on exchanging knowledge and discussing trade policies, those related to customs tariffs, and measures to facilitate cross-border trade for creating a conducive environment for further communication and building relationships, in addition to focusing on investment.
The forum witnessed the presentation of several working papers that dealt with “Oman Vision 2040”, introducing its objectives and the promising investment opportunities it provides in a number of sectors, the features and incentives of investment in the Sultanate of Oman, the opportunities and facilities in economic zones and free zones, and investment opportunities in renewable energy, the digital economy, information technology, artificial intelligence, and food security, manufacturing industries and the tourism sector.
The forum also included an introduction to the investment opportunities available in the Republic of India and business opportunities for professionals and financial institutions in the first international financial centre in India. During the forum, bilateral meetings were held between business owners and specialists in the two countries to conclude partnerships and exchange experiences.
