Indian Embassy organises business forum

The Indian Embassy in Muscat convened the fifth edition of the India Business Forum recently, aimed at promoting bilateral trade and mutual investments between India and Oman.

The India Business Forum has been convened twice a year and has emerged as a useful platform for the Indian business community. Some 200 Indian businesspersons, senior management and professionals attended the forum. For the first time, Sarmila Parajuli Dhakal, Ambassador of Nepal to the Sultanate, was invited to brief the participants about the opportunities for investments in Nepal. During the discussion, various issues of relevance to enhance bilateral trade and investments between India and Oman were discussed.

In his keynote speech, Indra Mani Pandey, Ambassador of India to Oman, underlined the centrality of business relations in India’s strategic partnership with Oman. He pointed out that bilateral trade and investments between the two countries had been sustained by the geographical proximity, port and airport connectivity, as well as mutual familiarity of the businesspersons with the business environment.

Pandey reiterated the highest priority accorded by the Government of India (GOI) and the Indian Embassy in Muscat to promote bilateral trade and investment. While expressing satisfaction that there had been a small increase in bilateral trade in the 2016-17 period, which reached $4 billion, and in the momentum of mutual investments which had been sustained, the ambassador drew attention to the huge untapped potential for bilateral trade and investments between the two countries.

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