9th Session of India-Oman Joint Commission Meeting held to improve Trade & Investment

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9th Session of India-Oman Joint Commission Meeting held to improve Trade & Investment
9th Session of India-Oman Joint Commission Meeting held to improve Trade & Investment

9th Session of India-Oman Joint Commission Meeting held to improve Trade & Investment. India-Oman Joint Commission Meeting conducted through online mode to boost bilateral Trade & Investment. It was attended by representatives of various government departments/ministries from both sides.

The meeting was chaired by Minister of State for Commerce and Industry, Hardeep Singh Puri, and H.E. Mr. Qais bin Mohammed al Yousef, Minister of Commerce, Industry and Investment Promotion of the Sultanate of Oman.

Highlights:

  • Both sides agreed to cooperate in areas of Agriculture & Food Security, Standards & Metrology, Tourism, Information Technology, Health & Pharmaceuticals, MSMEs, Space, Civil Aviation, Energy including renewable energy, Culture, Mining, and Higher Education.
  • Indian side appreciated Oman for signing and ratification of the International Solar Alliance (ISA) Framework Agreement
  • For Oman, India was the 3rd largest source for its imports and 3rd largest market for its non-oil exports.
  • Bilateral trade between India and Oman grew at 8.5% in 2019-20 over the previous year to reach USD 5.93 billion.

About Oman:

  • Capital: Muscat
  • Currency: Omani rial

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