SOHAR looks to explore investment opportunities in Indian market
Sohar Port and Freezone (SOHAR), in collaboration with the Federation of Indian Chambers of Commerce and Industry (FICCI), has launched a series of five online webinars to explore opportunities between SOHAR and the Indian market.
In the following months, four more webinars will be conducted targeting the various key industries such as food, automotive, plastics and metals, SOHAR said in a press statement.
The first webinar titled ‘Accessing industrial and logistic solutions to maximize your market reach’ included presentations from Sohar Port and Freezone’s deputy CEO and Sohar Freezone's CEO, Omar al Mahrizi, on SOHAR’s strategic advantages, and its free trade agreement advisor, Emmee Haun, on how to utilise SOHAR to access the US market.
Guest speakers from Sohar-based established investors Jindal Shadeed, Sameer Gupta and Khimji Ramdas, Malvika Khimji highlighted their own success stories.
Mahrizi said, “Oman and India have enjoyed decades of bilateral trading, linked by history, culture and warm and cordial relations. As a well-connected integrated hub with established clusters, our close geographical location, coupled with prime waterfront access, leasable land options and excellent infrastructure are all key ingredients to provide Indian investors with unique business opportunities. This webinar series provides the ideal platform for us to highlight these prospects to FICCI’s vast network, paving the way for future business development and closer relations.”
As many as 70 Indian businesses took part in the first session, which focused on promoting access to SOHAR’s strategic advantages and location to maximise market reach between India, the GCC, Africa and the US.
The series of webinars will provide insights into the opportunities available to participating companies for producing or adding value to their products by partnering with SOHAR.
Sohar Port and Freezone is already home to a number of prominent Indian investors including Jindal, Larsen & Toubro (L&T), and Moon Iron and Steel Company (MISCO) and with several new infrastructure projects and investments underway, there is ample room for growth.
Sohar Port and Freezone recently released its first quarter 2021 results noting growth in all categories of cargo compared to the same period of the previous year. Throughput increased by 21 per cent over the same period in 2020, dry bulk volume grew by 23.6 per cent to almost 9mn tonnes, breakbulk handling grew by 6.8 per cent to 426,783 tonnes and liquid bulk increased by 7 per cent to just over 4mn tonnes. In addition, the number of containers handled rose by 1.9 per cent to 1.9mn.