Indian business delegation explores investment opportunities

Sohar: Oman Chamber of Commerce and Industry (OCCI) branch in North Al Batinah Governorate on Wednesday organised a meeting with a business delegation from the Republic of India. The visiting delegation comprises 30 guests.

The meeting, held in Sohar, aims to establish business partnerships in various sectors, namely foodstuff, agriculture, construction material, cosmetics, medicine, plastics, textiles, petroleum products and jewelry.

Moreover, discussion panels and B2B meetings were held between businesspeople from Oman and India, in a bid to expand trade cooperation, exchange expertise and information and explore joint investment opportunities.

Eng. Saeed bin Ali Al Abri, Chairman of the Board of Directors of the North Al Batinah Governorate Branch of the Oman Chamber of Commerce and Industry, said: “Trade exchange between the Sultanate of Oman and India reached more than $3 billion by the end of last June due to the integrated and convergent logistics sector represented by the presence of ports between the two countries, in addition to the distinctive strategic geographical location of the Omani market in the region.”

He added that these mutual visits come within the framework of deepening economic relations and discussing the development of strategic partnership in various and multiple commercial sectors, as these relations have become stable and are witnessing continuous growth, noting that the economic partnership between the two countries will witness a qualitative shift with the approaching signing of the free trade agreement between the Sultanate of Oman and India.

For his part, Paresh Mehta, President of the Regional Federation of Indian Export Organisations and Head of the Indian delegation, pointed out that India is striving diligently to enhance bilateral trade and create investment opportunities to serve the economic interests of the two countries, especially with the presence of factors that help attract investment, represented by political stability and geographical proximity. -ONA