Indian and Omani firms can collaborate in many areas, says H E Sunaidy

H E Sunaidy speaks at the Oman-India Investors’ Meet on Thursday (Muscat Daily)

Muscat - 

There is a big potential in many sectors where Omani and Indian companies can collaborate with each other, according to H E Dr Ali bin Masoud al Sunaidy, Minister of Commerce and Industry.

Speaking at Oman-India Investors' Meet on Thursday, H E Sunaidy said, “There are many areas in which companies from both the countries can collaborate with each other. But particularly sectors such as information technology, engineering, education, healthcare and remote healthcare are the few areas where we need expertise from Indian companies.” Oman-India Investors' Meet was organised under the theme, ‘Destination Oman’ at Shangri-La Barr al Jissah Resort & Spa.

H E Sunaidy invited Indian businesses to invest in Oman and avail the unique advantage provided by the sultanate's proximity to mineral-rich East African countries and energy-rich Gulf countries along with a very business-friendly environment in the country. The event, which was organised by the Institute of Chartered Accountants of India (ICAI) Muscat Chapter in coordination with the College of Banking and Financial Studies, aimed at highlighting Oman as an attractive investment destination for the Indian businesses and investment firms, besides familiarising the Indian companies with business and investment environment of the sultanate.

Speaking at the event, H E Sunaidy said that creating jobs for Omanis remain the government's top priority but that doesn’t necessarily mean replacing people from other countries. He said, “Whenever the government invests in large projects thousands of people from other countries also get jobs along with Omani nationals.”

The event was attended by senior officials from a number of Omani companies and banks. Indian Ambassador to Oman, H E Indra Mani Pandey was also present at the event along with the visiting Indian Minister for State for Chemicals and Fertilizers, Shipping and Road Transportation Mansukh Mandaviya.

Speaking at the event H E Pandey lauded the efforts taken by the Omani government in diversifying Oman’s economy. The Indian Embassy in Muscat organised an India-Oman business-to-business meeting for trade representatives from India and local Omani businesses on Wednesday. The event was organised to help Indian firms explore business opportunities with their Omani counterparts.

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