Mutual investment between India and Oman is estimated at over $7.5 billion and the first tranche of India-Oman Joint Investment Fund of $ 100 million has already been invested and discussions are under way to finalise the second tranche of $300 million. At a ceremony recently, Indian Embassy in Muscat felt need to highlight the new initiatives taken by the present Government of India, aimed at making the country an attractive place to do business and make investments. The Embassy of India, Muscat organised an 'Invest in India' Seminar recently that focused on giving a broad overview of India's economy, in light of the recent initiatives taken to make India more investor and business friendly.
The purpose of the Seminar was to inform key Omani enterprises, business houses, investments funds and banks to make them aware of the investment opportunities available in India. It was attended by around 250 Omani businessmen with Dr Ali bin Masoud al Sunaidy, Minister of Commerce and Industry, the chief guest. 'Invest in India' Seminar provided a useful opportunity to learn more about the growing salience of India as an increasingly attractive destination for Omani investments. Indramani Pandey, Indian Ambassador to Oman, underlined that India is the best destination for Omani investment due to proximity between the two countries, excellent relations between them, familiarity with India, large size of India's market, availability of technical and skilled human resource and the high return on investments which India offers. The seminar was successful in generating interest in India's investment potential.
© Oman Daily Observer 2016
