Indian Embassy to host business event to promote India-Oman trade

Muscat: In association with the Oman Chamber of Commerce and Industry (OCCI), the Indian Embassy in Muscat, is organising a trade and investment promotion event on March 30.
The focus of the event will be on healthcare, food industry, information technology, mining and minerals and the construction and infrastructure sectors.
The business-to-business (B2B) meeting will be held at the Hotel Crowne Plaza, Muscat on March 30 from 9 am. Omani enterprises dealing in the above mentioned sectors have been invited to attend the B2B meeting with Indian companies.
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.
Sixty Indian companies have already indicated their presence. For further information and details they should contact [email protected] or call at 00968-24684326.
Apex Chambers in India, such as the Confederation of Indian Industry (CII), the Federation of Indian Export Organisation (FIEO), the National Association of Software and Services Companies (NASSCOM) and the Trade Promotion Council of India (TPCI) will be organising delegations of Indian companies to showcase their products and services in the afore-mentioned sectors for Omani business enterprises.
The Embassy will also host a briefing seminar for Indian enterprises at the Embassy’s auditorium to make them aware of the opportunities in Oman for exports, project work and investments. Omani corporates active in the above sectors will make presentations to representatives of the participating Indian companies.
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 grew to US$5.77 billion during the 2013 to 2014 period, has since been declining in value. It had amounted to U.S.$4.18 billion during the 2014 to 2015 period.
Mutual investment between Oman and India is estimated at US$7.5 billion. As per the information made available by the Ministry of Commerce and Industry of Oman, there are over 2,900 Indian enterprises in Oman with an estimated investment of US$4.5 billion. Omani investments in India are pegged at US$3 billion.
There is a huge potential for collaboration between India and Oman in the healthcare, IT, food processing, construction and infrastructure and mineral and mining sectors.