Omani Delegation Seeks Long-Term Investment Partnerships Amid Regional Tensions
“India and Oman are natural partners with a history of illustrious commercial civilizational and commercial ties spanning centuries. With the signing of a Comprehensive Economic Partnership Agreement (CEPA) between India and Oman, we have taken a step ahead in strengthening our future relations further. Our continued engagement evident through CEPA, we are hopeful that longstanding issues like…
An Omani delegation visited Mumbai to explore long-term investment partnerships, despite ongoing regional tensions. India and Oman have a history of commercial ties dating back centuries, and a recent Comprehensive Economic Partnership Agreement (CEPA) has strengthened their relationship. Omani officials highlighted opportunities in various sectors including aluminium, food processing, minerals, energy, renewables, green hydrogen, pharmaceuticals, polymers, logistics, automotive and renewable energy.
Oman's strategic location and industrial ecosystem offer promising prospects for Indian entrepreneurs and companies. Under Oman Vision 2040, the country aims to expand opportunities in food processing, logistics, polymers, automotive, minerals, renewable energy, IT and AI. Foreign investors can enjoy 100% ownership in eligible activities, long-term industrial leases and other investment incentives.
The delegation was addressed by Dr. Vijay Kalantri, Chairman of MVIRDC World Trade Center Mumbai, who emphasized the strong potential for doubling bilateral trade to USD 25 billion. He also acknowledged Oman's contributions to regional peace and harmony. Capt. Somesh Batra, Vice Chairman of MVIRDC World Trade Center Mumbai, expressed optimism about translating strong people-to-people and maritime connections into tangible partnerships across energy, logistics, manufacturing and connectivity.
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