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Oman’s Commerce and Industry Minister Ali Bin Masoud Al Sunaidy will lead a high-level business delegation to India to attend the India-Oman joint commission meeting, scheduled to be held in New Delhi later this month.
His visit will be preceded by a joint business council meeting on October 28 between Oman Chamber of Commerce and Industry and APEX chambers.
India’s Ambassador to Oman J S Mukul said Al Sunaidy will be leading the business delegation to India on October 29.
Mukul said that India-Oman relations, which date back centuries, have evolved into a “strategic partnership” and “multi-faceted” cooperation in several areas.
“Trade flows are very strong. Last year, the bilateral trade reached U.S. $ 5.7 billion, showing an increase over the previous year’s trade. Likewise, investment flows between the two countries were robust and the forthcoming joint commission meeting and the joint business council will add a new dimension,” Mukul was quoted as saying by the Times of Oman.
He also said that a FICCI delegation will visit Oman later this month to participate in infrastructure exhibition ’Infra Oman 2014’
More than 200 local and international companies are expected to participate in Infra Oman.
According to the ambassador, a seminar on November 12 will provide a platform for interaction between Indian and Omani businessmen.
The new Indian government’s campaign to make India a global ‘manufacturing hub’ will also give a boost to trade ties, said Mukul.
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