Manama: The Joint Omani-Indian Committee today held its 11th session to review trade and investment relations between the two countries and means of enhancing them in sectors of mutual interest. During the session, the two sides explored means of expanding cooperation in the fields of renewable energy, technology, healthcare, and tourism. It also discussed the progress made as a result of important diplomatic visits, according to Oman News Agency (ONA).
According to Bahrain News Agency, the investments of Indian companies in Oman crossed RO 750 million till December 2023. Meanwhile, the accumulative investment flow from Oman to India reached RO 600 million during the years 2000-2024.
The session highlighted areas of cooperation in the field of health and education, as well as boosting cooperation in the fields of special economic zones, transport, and logistics. The two sides agreed to establish a joint investment fund to support the establishment of infrastructure projects in this field.
Qais Mohammed Al Yousef, Minister of Commerce, Industry and Investment Promotion of Oman, added that trade between Oman and India saw noticeable growth over the past years and bilateral trade in 2023 reached RO 2.05 billion, which reflects the depth of these economic relations.