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    Oman provides India strategic depth in West Asia and Eastern African region

    India is increasing its presence with significant interest in Oman by creating a footprint in the Gulf Cooperation Council and Eastern Africa and this has given Delhi strategic depth in the region.

    “Oman’s Sea ports and Industrial hubs established along its 1700 kilometers of its sea coast on the Indian Ocean makes it one of the most ideal area for international businesses to make a home. The Sultanate of Oman offers 4 sea ports and an equal number of industrial free zones all facing the Indian Ocean and Indian private and public sectors are increasingly increasing their footfall in the country,” Oman’s Ambassador to India Sheikh Hamad Bin Saif Al Rawahi told ET.


    Prime Minister Narinder Modi’s visit to the Sultanate of Oman in 2018 initiated a new energy in bilateral relations with enhanced cooperation in trade and investment, energy, defence, security, food security and regional issues, according to Al Rawahi.

    Oman provides India strategic depth in West Asia and Eastern African region


    “The Industrial Zones at Oman’s Duqm offer 30 years corporate tax exemption, 0% customs duty, 100% foreign ownership, usufruct agreements, 50 years renewable , no restrictions on repatriation of profits , no income tax, currency exchange freedom and a stable currency rate. These Sea Ports are supported with airports and warehousing facilities for the benefit of the entrepreneurs,” the Ambassador said as his country celebrates 49th National Day anniversary on Monday.


    Port of Duqm SEZ, which is earmarked to be the Indian Oceans largest deep sea port where an Indo-Oman Joint Venture, Sebacic Oman is undertaking a $ 1.2 billion project for setting up the largest Sebacic acid plant in Middle-East. A ‘Little India’ integrated tourism complex project in Duqm, worth $ 748 million, has been signed between the two countries.

    “Some of the established industrial enterprises in Port of Sohar, with an estimated total Indian investment of over $2 billion, Indian entities comprise the largest foreign investors. Oman India Fertilizer Company in Sur is a $ 969 million India-Oman joint venture in Oman between IFFCO and KRIBHCO of India and Oman Oil Company (OOC) for manufacturing of fertilizers.plant produces all the UREA exclusively for Indian farmers. Port of Salalah, Indian investments are in manufacturing of automotive parts, textiles, cables, guar gum, etc. All these ports are a mere 5 days shipping time from western Indian Sea Ports,” informed Al Rawahi.

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