Business

India Oman Sign 8 MoU’s During PM Narendra Modi’s Visit

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| February 12 , 2018 , 15:20 IST

Prime Minister Narendra Modi on Monday wrapped up his three-nation tour of Palestine, UAE and Oman. The four-day tour was aimed at fostering better ties with the Gulf Nation.

Also Read:Leaving For 3-Nation Tour Today, PM Modi To Become First Indian PM To Visit Palestine

The Prime Minister reached Oman on Sunday where he had several meetings and an address to the Indian Community at the Sultan Qaboos Stadium.

On Monday the Prime Minister visited the historic Shiva Temple and the Sultan Qaboos Grand Mosque in Muscat. He met the King of Oman Sultan Qaboos and participated in the India-Oman Business meeting on Monday that saw the participation of top Indian and Omani business leaders operating in the Kingdom of Oman.

The two nations have signed 8 agreements/MoUs

Agreement on Legal and Judicial Cooperation in Civil and Commercial matter.

Agreement on mutual visa exemption for holders of diplomatic, special, service and official passports.

MoU on Cooperation in the field of health.

MoU on Cooperation in the peaceful uses of outer space.

MoU on Cooperation between Foreign Service Institute, Ministry of External Affairs, India and Oman Diplomatic Institute.

MoU on Academic and Scholarly cooperation sectors between National Defence College Sultanate of Oman and the Institute for Defence Studies and the Analyses.

MoU in the field of Tourism cooperation between India and Oman.
Annexure to the MoU on Military Cooperation.

A statement from the Ministry of External Affairs reads, “Sultan Qaboos appreciated the contribution of honest and hard working Indian nationals in the development of Oman.”

After the meeting the Prime Minister tweeted “Participated in the India-Oman Business meet this morning. There are immense possibilities for closer economic cooperation between India and Oman. Such cooperation benefits our citizens tremendously.”

There are over 2900 Indian enterprises and establishments in Oman with an estimated investment of US$ 7.5 billion, out of which Indian investments are estimated to be around US$ 4.5 billion.