Commerce and trade ministers of India and Oman will maintain a gathering right here on Wednesday to debate methods to additional enhance financial ties between the 2 international locations, an official assertion mentioned on Tuesday. Oman’s Commerce, Industry and Investment Promotion Minister Qais bin Mohammed al Yousef is main a high-level multi-sectoral delegation to India from May 10-14, the commerce ministry mentioned in an announcement.
The 48 members delegation consists of senior officers and enterprise representatives from numerous areas, spanning well being, prescribed drugs, mining, tourism, power, delivery, telecommunication and actual property, it added. “During the visit, senior officials from both the sides would be participating in the 10th Session of the India-Oman Joint Commission Meeting (JCM) to be held on May 11,” in response to the assertion.
The assembly can be co-chaired by Commerce and Industry Minister Piyush Goyal and his Omani counterpart.The bilateral commerce between the 2 international locations has risen by 82 per cent to USD 9.94 billion in 2021-22. On May 12, a gathering of the India-Oman Joint Business Council (JBC) shall be collectively organised by Ficci and Oman Chamber of Commerce and Industry.
“A number of other engagements in New Delhi and Mumbai, including B2B events, industry interactions, Investor meetings and so on are scheduled for the visiting Omani delegation during their stay in India,” it added.Major objects of Indian exports to that nation embody mineral fuels, textiles, equipment, electrical objects, chemical compounds, iron and metal, tea, espresso, spices, rice, meat merchandise and seafood.
Major imports embody urea, LNG, polypropylene, lubricating oil, dates and chromite ore.
Source: www.financialexpress.com”