To boost bilateral trade, a business delegation team from Kingdom of Bahrain will visit India on Wednesday. According to a release, led by Mr Salman Bin Hamad Al-Khalifa, Prince of Bahrain and chairman of the Bahrain Economic Development Board (EDB), the team will engage in high-level discussions with Indian officials and private sector leaders.
As part of the two-day visit, EDB will hold one-to-one meetings with members of the private sector and business community in Mumbai on Wednesday and in Delhi on Thursday. The team will also hold talks on the proposed Free Trade Agreement with Gulf Cooperation Council and India.
According to the International Monetary Fund, the total trade between India and Bahrain stood at $1.7 billion in 2011, the release said. Mr Kamal bin Ahmed, Minister of Transportation and acting chief executive of EDB, said: “Bahrain currently hosts more than 120 Indian firms, and Indian nationals are the largest expatriate community in Bahrain. As Indian firms continue to expand internationally, Bahrain’s low cost of doing business, highly skilled local workforce and access to the GCC market mean that it can provide an excellent location from which these firms can access the fast-growing Gulf market, which is worth over a trillion dollars.”