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Ithraa to lead trade team of 14 Omani firms to India
August 3, 2015 | 5:13 PM
by Times News Service
Dr Salem bin Nasser Al Ismaily, chairman of Ithraa, said that India is one of the fastest growing economies in the world with growth levels reaching between 5-6 per cent. Photo - Supplied
 
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MUSCAT: Dr Salem bin Nasser Al Ismaily, chairman of Ithraa, Oman’s inward investment and export promotion agency, will lead a contingent of 14 high-profile local companies to India, in an effort to connect Omani businesses looking for commercial opportunities with key contacts in that country.

The companies which will be part of the trade team include Bright Sun Dates Production, Nizwa Food Industries, Sea Pride, Modern Diary Factory, Asia Food, Al Bahja Group of Companies, Sohar Sulphur Fertilizer, Al-Felaij Group, Techno Plastic Industry, Poly Products, Al-Tuhami Group, Taghleef Industries, The Modern Stitch Enterprise, and Al Shamal Plastics.

The business delegation is part of a concerted effort by Ithraa to focus on improving trade and investment links with India, boosting collaboration and export.

The visit begins on August 10 in New Delhi where the Ithraa-led delegation will host a business seminar as well as business to business meetings with Indian importers, agents and manufacturers — all in an effort to develop new business opportunities and strengthen existing trade and investment ties in food processing, petrochemicals and plastics.



The business delegation will also visit Mumbai a city with considerable growth potential for Omani companies.

Dr Al Ismaily said, “India is one of the fastest growing economies in the world with growth levels reaching between 5-6 per cent. The market varies widely across its many different regions and states. India may be a complex and challenging market but it is one that should be taken seriously by Omani companies that are seeking to expand and go international.”

“The business opportunities have now stretched beyond the traditional business centers to the emerging cities such as Chennai, Nagpur, Ahmedabad, Chandigarh, Pune and Jaipur, to name but a few,” he added.

As a follow-up tothe delegation’s visit to New Delhi and Mumbai, Ithraa has already made plans to host an investment forum with Indian businesses in Muscat, from October 12 to 13.

It may be noted that the Oman India Investment Forum aims to raise awareness of investment opportunities in Oman, the support available for Indian companies considering the Sultanate, and provide an opportunity for business leaders from both nations to make important connections.

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