MUSCAT, Oman, The Omani-Indian Joint Commission, discussed in its eighth session, held at the Ministry of Commerce and Industry, means of enhancing cooperation and relations between the two countries in various economic, investment and service fields.
From the Omani side, the meeting was chaired by Dr Ali bin Masoud bin Ali al Sunaidy, Minister of Commerce and Industry. The Indian side was headed by Suresh Prabhu, Minister of Commerce and Industry, and Civil Aviation, who is currently visiting the sultanate with a number of officials and businessmen from India.
During the meeting, the Indian side was briefed on the procedural measures taken by Oman, through the ‘Invest Easy’ portal to facilitate economic and investment activities, and to introduce the activities organised as per the World Trade Organisation’s Agreement on Trade-Related Investment Measures, to which foreign investors are entitled to invest 100 percent.
The meeting also focused on the opportunities in the mining sector in Oman, with the possibility of benefiting from some of the successful Indian experiences and the experience of the Indian side in establishing industries related to the ICT sector, such as applications, electronic services and software.
Dr Sunaidy said, the meeting was very important, where they discussed new areas of cooperation and viewed the growth of trade exchange between Oman and India, according to statistics of 2016 and 2017. The issue of facilitating the transit of vegetables and fruits consignments from the Indian ports to Oman, and dealing directly with Indian companies to allow their speedy transfer was discussed. The meeting also addressed the issues related to energy and clean energy.
Dr Sunaidy pointed out that, the current session focuses on small and medium enterprises and business accelerators, especially that the sultanate and India have programmes that accommodate entrepreneurs from both the sides.
Source: Nam News Network