Prime Minister Narendra Modi on Monday invited Omani businesses to invest in India as he showcased the government’s initiatives to further ease doing of business in the “New India”.
Addressing around 50 Omani chief executives at the Oman-India Business Meet in Muscat, Modi said that the reforms were aimed at preparing India for the 21st century and make it a global manufacturing hub.
He said India was ushering in a knowledge-based technologically driven society which presents many opportunities for Omani businesses. India as an attractive destination, Indian External Affairs Ministry spokesperson Raveesh Kumar tweeted. Listing some of the major reforms by the government in the last over three years, Modi noted that India had climbed to the third position in the global Start-up Index.
On Sunday during his meeting with Sultan of Oman Qaboos Bin Said Al Said, Modi voiced his appreciation of the Indian expatriates for their contributions to Oman’s development. Oman is home to over 800,000 expatriate Indians and Modi, in a community gathering earlier on February 12, praised their role in the Gulf country’s development.
Following the meeting between Modi and Sultan Qaboos, eight agreements were signed between India and Oman. These include three memorandums of understanding on cooperation in the fields of health, outer space, diplomacy and defence studies and analyses.
The India-Oman defence cooperation has emerged as a key pillar of the strategic partnership between the two countries. Oman is a strategic partner of India in the Gulf and an important interlocutor at the Gulf Cooperation Council (GCC), Arab League and Indian Ocean Rim Association (IORA).