Oman Chamber of Commerce and Industry (OCCI) on Wednesday organised a virtual meeting themed “Prospects for Trade Cooperation between the Sultanate and India“ as part of its new initiative (OCCI Global Communication) that was recently launched.
Qais bin Mohammed al-Youssef, OCCI Chairman appreciated the participation of the Indian Chambers in this important event.
Dr. Qais said: “Available statistics indicate that the volume of trade exchange between the two countries in 2019 was more than RO one billion, equivalent to three billion and forty-two million US dollars. The total imports from India to the Sultanate amounted to approximately RO445 million while the Omani exports during the same year were about RO725 million. The volume of Indian investments registered in the Sultanate until 2019 stood at approximately RO276 million.”
Munu Mahawar, Ambassador of the Republic of India to the Sultanate praised the initiative of OCCI, which started its first activities with India. He pointed out that there are a number of sectors that India works with the Sultanate in a number of wilayats, such as Sohar and Salalah, including mining, health care, food security, and other commercial sectors.
Pankaj Khimji, head of the Omani side at the Omani-Indian Joint Business Council, made a presentation about the changes brought about by the COVID-19 pandemic and the effects of oil prices, as well as opportunities arising from challenges.
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