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PRESS RELEASE Indian Embassy Hosts Business Event on 30 March 2016

Posted on: March 23, 2016 | Back | Print

India and Oman, maritime neighbours, enjoy excellent political relations. Under their strategic partnership, cooperation and exchanges between the two countries have been expanding. Bilateral trade, which had grown to USD5.77 billion in 2013-14, has since been declining in value. It had amounted to USD 4.18 billion in 2014-15. Mutual investment between Oman and India is estimated at US$ 7.5 billion. As per the information made available by Ministry of Commerce and Industry of Oman, there are over 2900 Indian enterprises in Oman with an estimated investment of US$ 4.5 billion. Omani investments in India are estimated at US$ 3 billion. There is a huge potential for collaboration between India and Oman in the health-care, IT, Food Processing, Construction & Infrastructure and Mineral and Mining sectors. The Embassy has accorded a high priority to promoting bilateral trade and mutual investments.

The Embassy, in association with Oman Chamber of Commerce & Industry (OCCI), is organizing a trade and investment promotion event on 30 March 2016 with focus on Healthcare, Food Industry, Information Technology, Mining & Mineral and Construction & Infrastructure sectors. Apex Chambers in India like Confederation of Indian Industry (CII), Federation of Indian Export Organization (FIEO), National Association of Software and Services Companies (NASSCOM) and Trade Promotion Council of India (TPCI) will be organizing delegations of Indian companies to showcase their products and services in the above sectors to the Omani business enterprises. The purpose is to provide Indian companies from these sectors a platform to explore opportunities for exports, business tie-ups, investments and project work in Oman.

A B2B Meeting will be held at Hotel Crowne Plaza, Muscat on 30th March from 0900 hrs. Omani enterprises dealing in the above mentioned sectors are invited to attend the B2B meeting with Indian companies. Sixty Indian companies have indicated their presence. For further information and details they should contact at commasst@indemb-oman.org or Tel no- 00968-24684326. Further, the Embassy will host at the Embassy’s auditorium a briefing Seminar for Indian enterprises to make them aware of the opportunities in Oman for exports, project work and investments. Omani corporates in above sectors will make presentations to representatives of the participating Indian companies.

Muscat, 23rd March, 2016