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Bahrain-India trade ties to be focus of key talks

Manama, August 28, 2014

A key meeting in Bahrain next week will see discussions between Bahraini and Indian business leaders on bilateral trade and investment opportunities.

Details on the establishment of the regional office of the Confederation of Indian Industry (CII) in Bahrain will also be revealed during the Overseas Indian Facilitation Centre's (OIFC) meeting at the Diplomat Radisson Blu Hotel, Residence and Spa on September 6, Indian Ambassador Dr Mohan Kumar told the Gulf Daily News (GDN), our sister publication.

The OIFC is a public private partnership between the Indian government's Overseas Indian Affairs Ministry and the CII.

“We feel that the meeting will set the stage for partnership agreements, investment announcement, etc., that were initiated during and after His Majesty King Hamad's visit to India in February this year,” he said.

“The Overseas Diaspora Engagement Meet will specifically focus on sectors like agriculture, infrastructure, healthcare, medical tourism, real estate and pharmaceuticals.

“The objectives are to acquaint the Indian community in Bahrain and nearby countries with the various investment opportunities in India.

“Inward investments will also be sought from both the Indian diaspora and Bahraini nationals and trade and investment ties improved in the Gulf with the support of the diaspora and strengthening its engagement with provincial administrations in India,” he added.

In a statement, the OIFC said the aim of the meeting is to engage overseas Indians, mainly the professionals and mid-sized entrepreneurs, economically and apprise them of the trade and investment opportunities in north Indian states like Punjab, Haryana, Uttar Pradesh, Uttarakhand, Himachal Pradesh and Jammu and Kashmir.

OIFC chief executive Charu Mathur stated that state governments have been asked to compile and showcase projects in which they are seeking investment.

“The aim is to bring unique economic opportunities to the Indian diaspora and foreign investors,” she said.

The second Overseas Diaspora Engagement Meet is scheduled to be held from October 16 to 18 in London to coincide with the 'Regional Pravasi Bharatiya Divas' - an Indian government event for non-resident Indians. - TradeArabia News Service




Tags: Bahrain | India | investment | Trade | Ties |

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