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Modi invites Omani businesses to invest in India

IANS  |  Muscat 

Indian on Monday invited Omani businesses to invest in the country as he showcased the government's initiatives to further ease doing of business in the "New India".

Addressing around 50 Omani chief executives at the Oman-Business Meet here, said that the reforms were aimed at preparing for the 21st century and make it a global

He said was ushering in a knowledge-based technologically driven society which presents many opportunities for Omani businesses.

"Four countries in four-days strengthening our footprint in Gulf and West Asia! PM @narendramodi begins Day 4 with business - Oman-India Business Meet in Pitching India as an attractive destination," tweeted.

Listing some of the major reforms by the government in the last over three years, noted that India had climbed to the third position in the global Start-up Index.

On Sunday during his meeting with Sultan of Qaboos Bin Said Al Said, Modi voiced his appreciation of the Indian expatriates for their contributions to Oman's development.

is home to over 800,000 expatriate Indians and Modi, in a community gathering earlier on Monday, praised their role in the Gulf country's development.

Following the meeting between Modi and Sultan Qaboos, eight agreements were signed between India and

These include three memorandums of understanding on cooperation in the fields of health, outer space, diplomacy and defence studies and analyses.

The India-Oman defence cooperation has emerged as a key pillar of the strategic partnership between the two countries.

Oman is a strategic partner of India in the Gulf and an important interlocutor at the (GCC), and (IORA).

Modi arrived here on Sunday evening on the third and final leg of his visit to and the Gulf that also took him to Palestine and the



(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Mon, February 12 2018. 12:20 IST