More Indian investment in Bahrain seen
Manama, May 28, 2012
Bahrain could see more Indian investment in the country as HRH Prince Salman bin Hamad Al Khalifa, Crown Prince and Deputy Supreme Commander, sets off to India tomorrow (May 29) for an official visit.
The three-day visit was hailed by leading businessmen, who said it will further strengthen links between the two countries.
Dadabhai Group chairman Mohammed Dadabhai said the visit could attract investment in the construction sector, as more Indian companies could take up major projects in Bahrain.
"Tourism is another issue which will be highlighted during the visit," he added.
"Many Indian businessmen are already involved in Bahrain, but what would be greatly beneficial would be them investing in units in Bahrain so that they can open a window to the rest of the GCC."
LuLu Group managing director Yusuffali M A said the visit was a sign Bahrain was strengthening its alliance with a key political and economic player in the region.
"This is part of Bahrain's strengthening of ties with India that is the future powerhouse of global growth and a key political influence in the Asian and West Asian neighbourhood. Bahrain and India have always tapped the powerful capacity of trade and business to take relations to the next level," he said.
Nader and Ebrahim, Sons of Hassan Group partner and group managing director Ebrahim Al Ameer said Bahrain should take advantage of investment opportunities in India.
"The key is getting Indian companies to invest in Bahrain and we will be talking about that," he said. "Bahraini companies should also increasingly take up investment opportunities in India.We have a very friendly system in place and will always welcome investments from Indians." – TradeArabia News Service