KUWAIT

I ETO team met the Ambassador of Kuwait in India, H.E. Jasem Ibrahem J.M. Al Najem at the Kuwait Embassy in New Delhi. Discussions were held for opening up the possibilities for collaboration with the Kuwaiti businesses. Ambassador kindly agreed to pay an official visit to South India in February 2021. Amb Jasem Al Najem showed interest to tie up with potential business people from India. As of now, Indian public sector companies in the insurance and aviation sectors have offices in Kuwait, while private companies including Larsen & Toubro, Punj Lloyd and Kalpataru have implemented major projects in Kuwait including in its petroleum and power sectors. India and Kuwait have signed several agreements relating to scientific and technological cooperation including medical cooperation and in the areas of culture and education. There is also In Discussion with Kuwaiti Envoy KUWAIT agreements between Indian and Kuwaiti institutions of higher education and research and agreements on avoidance of Double Taxation, drug reduction and prevention of illicit trafficking in narcotic drugs and programmers’ for cultural and information exchanges between Kuwait and India.

OMAN

I n September 2019, the Oman-India Investment Meet event was organized by Oman’s Public Establishment for Industrial Estates (Madayn) at Crowne Plaza Muscat. The event, held under the auspices of HE Yahya bin Said Al Jabri, Chairman of the Special Economic Zone Authority at Duqm (Sezad) and Chairman of Ithraa, aimed to foster investment collaboration. Inviting 35 Indian businessmen, the meet showcased opportunities to invest in various projects initiated by Oman’s Rusayl Industrial Estate Authority, Shumookh Investment and Services, and Sezad. Dr. Asif Iqbal, President of the Indian Economic Trade Organization (IETO), participated in the event and commented on Oman’s commitment to creating an appealing legislative framework for investment. He highlighted the government’s ongoing efforts to issue and update legislation in alignment with the Sultanate’s future vision goals, making the country more globally competitive. Dr. Iqbal emphasised that these initiatives provided a distinct advantage to Indian businessmen, especially those involved in MSMEs and startup ventures.