Muscat, December 15th 2013 - The Sultanate of Oman represented by the Public Authority for Investment Promotion and Export Development (PAIPED) presented at the International Relations Conference held in Pune, India under the theme 'India and Development Partnerships in Asia and Africa: Towards a New Paradigm'.
Leading Oman's delegation, His Excellency Dr. Salem ben Nasser Al Ismaily, Chairman, PAIPED, was invited to speak at Symbiosis International University Campus on investment opportunities in Oman and the contribution Indian-Omani partnerships have had on the Sultanate's growing economy.
Inaugurated by the Honorable Vice President of India, Mr. Mohammad Hamid Ansari and HE Hamid Karzai, President, Islamic Republic of Afghanistan, the conference highlighted the value of sustainable development partnerships in India, showcasing the Sultanate as a success story and exploring opportunities for future partnerships.
PAIPED's Chairman joined Afghan Minister of Economy, Mr. Abdul Hadi Arghandiwal; Shri T. C. A. Ranganathan, Chairman, EXIM Bank; Mr Ranjit Rae, India's Ambassador to Nepal and Ms Amina Ali, Ambassador of the African Union to the United States on a 'Trade and Finance: Partnerships for Development' panel.
Following the conference, HE Dr. Al Ismaily commented: "Historically, Oman has had a long-standing and special trade relationship with India and we are keen to encourage business collaboration, investment and partnerships that are mutually beneficial to both our nations."
Alpen Capital Investment Bank's report of May 2012 places Oman as the second largest GCC investor in India in the areas of mineral fuels and oils and products of distillation, textiles and garments, machinery, electrical and electronic items, chemicals, iron and steel products in addition to traditional items like tea, coffee, spices, rice and meat products and seafood. Correspondingly, India was the largest destination for Oman's non-oil exports in 2012, totalling over 600 million Omani Rials of trade.
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