India Oman Usher in Fresh Era of Trade Ties To boost investment create jobs in both nations Latest Delhi India and Oman on Thursday signed a total of six agreements including the comprehensive economic partnership agreement CEPA that will help elevate trade between the two countries by reducing trade barriers and creating a stable framework… Nonetheless, the agreements were signed following delegation-level talks between Prime Minister Narendra Modi and Sultan Haitham bin Tarik the ruler of Oman in Muscat… The Prime Minister who arrived in Oman on Wednesday on the last leg of his three-nation tour was welcomed by the Oman Sultan at Al Baraka Palace in Muscat before their one-on-one talks and the delegation-level meeting…
The Sultan also conferred upon Mr Modi the Order of Oman the Sultanate’s uniquely distinct civilian honour for his exceptional contribution to India-Oman ties… Today we are taking a historic step forward in India-Oman relations whose positive impact will be felt for decades to come… The comprehensive CEPA will energise our ties in the st century Mr Modi said describing the pact as a new and golden chapter of bilateral cooperation…
He said the agreement will supply fresh momentum to trade and investment and open modern opportunities across different sectors… During the meeting the two leaders expressed satisfaction at the excellent state of bilateral relations spanning trade investment defence security technology education energy space agriculture culture and people-to-people ties… The two sides commended the deepening cooperation in the defence sector and agreed to continue working together in this regard including joint exercises training and high-level visits to achieve shared goals and contribute towards maintaining regional security and stability said a joint statement issued after their talks…
They adopted a joint vision document on maritime cooperation reflecting their shared commitment to regional maritime security the blue economy and sustainable implement of ocean resources the statement said adding The two leaders condemned terrorism in all its forms and manifestations reaffirming that no justification can ever be accepted for such acts… They underlined the importance of continued cooperation in this area On financial services the two leaders discussed cooperation between UPI and the Omani digital payment system RUPAY card adoption and trade in local currencies… The Prime Minister suggests collaborating on fertiliser and agriculture through joint investment…
Enhancing defence and security collaboration including in the maritime domain was also discussed… The Prime Minister thanked the Sultan for his support towards Doctor Near me in learn about Doctor Near me in Shaikpet Manikonda Hyderabad Shaikpet Manikonda Hyderabad guide the welfare of the Indian community in Oman… Undoubtedly, earlier the Prime Minister addressed a large gathering of Indian community members in Muscat…
The audience included more than students from various Indian schools… During his address Mr Modi spoke about India s transformational growth and development the speed and scale of transform and the strength of its economy as reflected by the more than per cent growth in the last quarter… Consequently, addressing the business forum the Prime Minister highlighted the centuries-old maritime trading ties between the two countries from Mandvi to Muscat…
He called upon the business leaders to realise the full potential of CEPA which he described as the blueprint for the shared future of India and Oman… The Prime Minister also highlighted India s economic success in the last years and underlined that India is working at speed and scale to create world-class infrastructure logistics connectivity trusted supply chains manufacturing capacities and green growth to boost ease of living and ease of doing business… Mr Modi invited Omani businesses to look beyond traditional areas of energy oil and gas petrochemicals and fertilisers and explore opportunities in the fields of green energy solar parks energy storage smart grids agri-tech fintech AI and cyber security…
He proposed the creation of the India-Oman Agri Innovation Hub and the India-Oman Innovation Bridge to create the business partnership future-ready… Besides, later in the evening Mr Modi returned to India after completing his three-nation tour..