STORY: Indian Prime Minister Narendra Modi on Monday (February 12) met top chief executive officers and business heads in Muscat to explore options of close business cooperation between India and Oman.
Modi met the industry leaders of the Gulf and West Asia region as he pitched India’s economic prowess and huge scope for investment opportunities in the country.
Modi also met Deputy Prime Minister of Oman, Fahd Bin Mahmoud Al-Said. The two leaders exchanged views on intensifying bilateral cooperation in areas of energy, trade and investment, food security, defense and security, mining and other sectors.
Oman is a key strategic partner for India in the gulf region. Oman also accords a high priority to its ties with India. According to government figures, bilateral trade between the two countries stood at $4 billion in 2016-17. The two countries also hold regular biennial bilateral exercises among all three defense services.