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Saturday, October 11, 2014

Oman to explore trade opportunities in India

Muscat: Oman's minister for commerce and industry Ali bin Masoud Al Sunaidy will be leading a business delegation comprising representatives from private and public companies to India later this month to expand the trade ties between the two countries. 

The trip by the business delegation from Oman considers significance after the recent launch of 'Make in India' campaign by Prime Minister Narendra Modi, which aims to make India a global 'manufacturing hub'. 

According to FICCI, the representatives from Oman Trading Establishment (OTE), Oman Oil, Omran, Orpic, Public Authority for Investment Promotion and Export Development (Paiped), Oman Investment Fund, Public Establishment for Industrial Estate (PEIE), Oman Airports Management Company (OAMC), the State General Reserve Fund (SGRF), alizz islamic bank, Al Zubair Corporation, Bank Muscat, Gulf Energy, WJ Towell and Knowledge Oasis Muscat (KOM) will be part of the delegation. 

Businessmen from Abu Hani Group (interior design, construction, health food, real estate, automotive services, home and office furniture services and gas and fire engineering services), Al Ajmi Marble (construction – marble, tiles, granite and stone) and Al Assarain (retail and consumer services, construction, manufacturing, commercial wholesale, maintenance and property real estate) will also participate in the trade talk with Indian industry leaders. 


Commerce and Industry minister Ali bin Masoud Al Sunaidy will lead the delegation to New Delhi on October 29 for the India-Oman Joint Commission meeting. There will be a Joint Business Council meeting on October 28 between apex chambers and Oman Chamber of Commerce and Industry. 

Al Yousef Group (logistics, oil and gas, consumer products, financial services, real estate and infrastructure) and Al Zaman Group of Companies (luxury, retail and lifestyle, real estate, petrochemicals, technology, trading, special projects, tea, oil and gas, telecom, shipping, insurance and financial services and logistics) are other participants. 

IBD Group (business consultancy, oil field equipment, water and wastewater, energy and power, manpower, telecom support and transformation and human resources services), and MB Holdings (exploration and production, oilfield services, mining and minerals, engineering services) will also visit India. 

Other members in the delegation include representatives of Omar Zawawi Group (industrial hospitality and catering, mining and mineral processing, travel and tourism, construction and contracting, engineering, trading and defence services, investment and real estate and hotels) and Qurum Business Group (engineering, integrated facilities management, marine and coastal, IT, financial services, landscaping and horticulture, contracting, project support services, oil and gas services, telecom  and power). 

Yahha Group Holding (retail, safety deluge equipment, hospitality, leisure, food and beverage, expanding defense contracting, telecom and IT and light manufacturing) will also take part in the business trip, according to FICCI.

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