SME Times News Bureau | 17 Jul, 2018
Minister Suresh Prabhu on Sunday invited Omani investors to invest in
India and get benefits under the flagship programmes like Make in
at the 8th session of India-Oman Joint Commission Meeting (JCM),
Suresh Prabhu invited Omani companies to build on their success in
India and make investments to benefit from 'Make in India' and 'Invest India' programmes which are aimed to encourage
of discussion in the JCM include cooperation in space, renewable
energy, start-up, SMEs, food security, including durable foods and
packaging, services sector, tourism sector, exchange of ideas and
visit of young entrepreneurs.
Commerce Minister said that the Government of India has launched
several investment friendly programmes like 'Make in India' with a
trillion dollar business opportunity in the country.
said that both countries are keen to expand collaborations to their
mutual benefit in the fields of energy, health, business, finance and
investments, infrastructure, travel and tourism.
Prabhu added that apart from official interactions, people-to-people
contacts and initiatives by private sector will energise cooperation
in various sectors.
said that the Sultanate of Oman is a strategic partner of India in
the Gulf and the two countries enjoy warm and cordial relations.
Commerce Minister said strong cultural and economic ties have
further cemented these bonds.
Oman bilateral trade has registered a growth from US$4131.69 million
in 2014-15 to US$ 6703.76 million in 2017-18. India’s export to
Oman has grown from US$ 2379.44 million to US$ 2439.46 million in
further said that the large, diverse and highly regarded expatriate
Indian community in Oman is spread over the entire spectrum of
professions and Indian nationals in Oman are well known for their
hard work and dedication.