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Indian Embassy hosted 'India-Oman Investment Meet to promote Bilateral Investments

Posted on: December 12, 2019 | Back | Print

Embassy of India
Press Release

Indian Embassy hosted ‘India-Oman Investment Meet to promote Bilateral Investments

Embassy of India, Muscat, hosted India-Oman Investment Meet on 11 December 2019 in the Embassy to promote bilateral investment. 

The seminar was graced with the presence of Honourable Shri Saurabhbhai Patel, Minister of Energy, Government of Gujarat who led a 35 member strong Gujarat business delegation, H.E. Yahya Al Jabri, Chairman, SEZAD, Mr. Deepak Bagla, Managing Director and CEO, Invest India. The prestigious event was attended by around 250 prominent Omani businessmen and representatives of public sector organizations, investment funds, banks, business enterprises and institutions in Oman. 

H.E. MunuMahwar, Ambassador of India to the Sultanate of Oman, in his opening / welcome remarks emphasised the strong strategic partnership encompassing all dimensions under the wise leadership of H.M. Sultan Qaboos bin Said. And he further stressed that India continues to be an attractive destination for investment for international investors and Omani businesspersons should become partner in the growth story of India which will further enhance the bilateral relations.

The Meet highlighted the attractive investment opportunities in India and Oman. Mr. Deepak Bagla, Managing Director & CEO, ‘Invest India’ made a presentation to the august audience about Investment Opportunities in India and recent structural policy changes brought by Government of India which have far reaching impact on increasing the business opportunities for international investors. Some of the Government of India policy reforms have started showing results as India has moved from 130 rank in 2016 to 63 rank in 2019 in ‘Ease of Doing Business Ranking’ and has attracted Foreign Direct Investment of US$286.3 billion between 2014-18. Mr. Bagla said, “Good economics is in the centre of economics in India’ and invited the Omani business community to ‘start innovation hubs together’. He informed, ‘Invest India has facilitated investment worth US$175 billion in India.’ Honourable Shri Saurabhbhai Patel, Minister of Energy, Gujarat State and H.E. Yahya Al Jabri also addressed the gathering for promoting investments in each other’scountry. INDEXTb, ITHRAA and SEZAD also made presentation highlighting the investment opportunities in Oman for the benefit of Indian business delegation.

‘Invest India’ is the official agency of the Government of India, set up in 2009, as a non-profit venture to promote, facilitate and to provide complete hand-holding for foreign investors in India. Invest India focuses on sector-specific investor targeting and development of new partnerships to enable sustainable investments in India. In addition to a core team that focuses on sustainable investments, Invest India also partners with substantial investment promotion agencies and multilateral organizations. Invest India also actively works with several Indian states to build capacity as well as bring in global best practices in investment targeting, promotion and facilitation areas. It is based in Delhi and can be contacted at: www.investindia.gov.in, contact[at]investindia.org.in , +91-11-23048155 for making investments in India.

Embassy of India facilitates business development between the two countries by providing information and guiding Indian and Omani companies. For more details on doing business with India, the Embassy may be contacted at com.muscat[at]mea.gov.in

Muscat, 12th December 2019