Indo-Oman forum highlights investments

One of the highlights at the forum, organised by the Indian embassy, was the launch of the India 2020 opportunity fund, a private equity investment vehicle focused on the rapidly expanding small and mid-sized Indian enterprises.

The fund, which will primarily invest in industries benefiting from the robust domestic Indian economy and growing consumer class, targets to deliver shareholders an annual IRR (Internal Rate of Return) in excess of 30 per cent.

Salah S Al Ghazali, director for investment promotion, Omani Centre for Investment Promotion and Export Development (Ociped) spoke about the investment opportunities in the Sultanate, the Times of Oman said.

Salah gave a broad overview of the Omani economy, the investment environment, foreign direct investments, Oman-India bilateral relations and the investment opportunities.

While welcoming the businessmen, Anil Wadhwa, Indian Ambassador, said that the bilateral trade relations between Oman and India are growing impressively. India-Oman trade grew by 43 per cent to reach an estimated $1.3 billion at the end of 2007.