Bilateral trade reached USD 9.94 billion in Financial Year 2021-2022

A high level multi-sectoral delegation from Oman is visiting India to participate in a series of meetings related to bilateral trade and investment.

During their visit from May 10-14, members of the delegation will participate in the India-Oman Joint Commission Meeting (JCM) and the India-Oman Joint Business Council (JBC).

The 48-member delegation is led by Oman's Minister of Commerce, Industry and Investment Promotion Qais bin Mohammed al Yousef, the Union Ministry of Commerce & Industry said on Tuesday.

It includes senior officials and business representatives from diverse areas spanning health, pharmaceuticals, mining, tourism, telecommunication, energy, shipping and real estate.

"The visit provides an excellent opportunity to renew and further strengthen the already close and dynamic economic ties between the two countries," the ministry pointed out.

The visit of the Omani delegation comes at a time when the bilateral trade between the two countries has grown by 82% to reach US$ 9.94 billion in the Financial Year 2021-2022, the ministry added.

Senior officials from both the sides would be participating in the 10th Session of the India-Oman Joint Commission Meeting (JCM) to be held in New Delhi on Wednesday.

The meeting will be co-chaired by Minister of Commerce & Industry, Consumer Affairs, Food & Public Distribution and Textiles Piyush Goyal and visiting Omani Minister Qais bin Mohammed al Yousef.

On Thursday, a meeting of the India-Oman Joint Business Council (JBC) will be jointly organized by FICCI and Oman Chamber of Commerce and Industry. The JBC will witness participation of the Ministers from both sides who will also address the gathering and interact with the business communities of India and Oman.

A number of other engagements in New Delhi and Mumbai including B2B Events, Industry interactions, and Investor meetings are scheduled for the visiting Omani delegation during their stay in India, the Ministry of Commerce & Industry said.