India committed to long-term investment in Oman: Pandey
MUSCAT: India remains committed to investing in Oman’s people and the future of the country for the long-term, according to Indra Mani Pandey, the country’s ambassador to Oman.
With trade between the two nations having crossed $4 billion mark (OMR 1.54 billion) between April 2016 and March 2017, and a further $7.5 billion (OMR 2.89 billion) invested in more than 2,900 Indo-Omani business establishments, India and Oman have had a long association that far predates the 47 years of official diplomatic relations between the two nations.
Having seen generations of Indians thriving in the Sultanate, having come here with little more than hopes and dreams, Pandey is now hoping Omani businesses will be able to flourish in India in the future.
“Both India and Oman accord very high importance to mutual investments because it helps in boosting mutual businesses, and it helps create employment opportunities for our nationals, and it is therefore very important that Indian companies continue to invest in Oman, and that Omani companies continue to invest in India,” he said, speaking exclusively to the Times of Oman.
“In the Special Economic Zones of Sohar and Salalah, the largest number of companies that have invested are Indian organisations,” he added. “In fact, it is not just major Indian companies, but many of the smaller and medium-sized ones that are also involved in Oman.”
Pandey is not wrong when he says Indian firms are investing heavily in Oman.
Many well-known organisations, such as Larsen and Toubro, TVS Motor Company, and Nagarjuna Construction Company Ltd. are just a few of the major players aiding the Omani economy, and remain committed to doing so as the nation embarks on its Tanfeedh economic diversification programme.