India, Oman to hold meeting to boost economic ties
Tags: International Relations
The commerce and industry ministers of India and Oman will meet on May 11 to discuss ways to further boost economic ties between the two countries.
The 48-member delegation will include senior officials and business representatives from health, pharmaceuticals, mining, tourism, energy, shipping, telecommunications and real estate.
During the visit, senior officials from both sides will participate in the 10th session of the India-Oman Joint Commission Meeting (JCM) to be held on May 11.
The meeting will be co-chaired by Commerce and Industry Minister Piyush Goyal and his Omani counterpart.
The India-Oman Joint Business Council (JBC) meeting will be organised jointly by FICCI and Oman Chamber of Commerce and Industry on May 12.
Bilateral trade between India and Oman
Bilateral trade between the two countries has grown by 82 percent to $9.94 billion in 2021-22.
Major items of Indian exports to Oman - mineral fuels, textiles, machinery, electrical items, chemicals, iron and steel, tea, coffee, spices, rice, meat products and seafood.
Major import items from Oman to India - urea, LNG, polypropylene, lubricating oil, dates and chromite ore.
Various Indian financial institutions and PSUs have a presence in Oman.
Army exercise between both countries : Al Najah
Air Force exercise between both countries : Eastern Bridge
Naval Exercise between both countries : Naseem Al Bahr
It is a country in Western Asia.
It is located on the southeast coast of the Arabian Peninsula, and extends to the mouth of the Persian Gulf.
Oman shares land borders with Saudi Arabia, the United Arab Emirates, and Yemen
It shares maritime borders with Iran and Pakistan.
Capital - Muscat
currency - omani rial
president - Haitham bin Tariq Al Said
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