India, Oman to hold a meeting on May 11 to foster economic relations

India, Oman to hold a meeting on May 11 to foster economic relations

A meeting will be held between the Commerce and industry Ministers of India and Oman on May 11 to foster the economic bond between the two countries

A meeting between India and Oman Commerce and Industry representatives will be held in New Delhi on May 11 to talk about ways to improve the economic kinship between the two countries, an official statement said on May 10.

Qais bin Mohammed Al Yousef, Oman’s Commerce, Industry, and Investment Promotion Minister is the head of the powerful delegation comprising 48 members to India from May 10-14, as told by the Commerce Ministry. The multi-sectoral delegation includes representatives from a range of different social fields, such as health, tourism, shipping, pharmaceuticals, mining, energy, telecommunication, and real estate.

The meeting would be jointly presided by Piyush Goyal, the Indian Commerce and Industry Minister, and his Omani counterpart.

The trade between India and Oman has jumped by 82 percent to $9.94 billion in 2021-22. On May 12, Ficci and the Oman Chamber of Commerce and Industry will jointly organize a meeting of the Joint Business Council (JBC). Meanwhile, the visiting delegation will be involved in several other commitments and meetings in New Delhi and Mumbai, including B2B events, industry discussions, investor interactions, and so on.