A number of Indian companies are looking for opportunities in Oman's booming infrastructure sector and to establish tie-ups with firms in the sultanate. This emerged out a business interaction meeting hosted by the Indian Embassy on Monday for a visiting business delegation.
A delegation, led by the Federation of Indian Chambers of Commerce and Industry (FICCI), is visiting Oman to participate in the Infra Oman 2014 exhibition.
Infra Oman, Oman’s international trade event for infrastructure and industrial projects, began at the Oman International Exhibition Centre on Monday.
The delegation includes Ahmedabad, Gujarat-based Adani Ports & SEZ Ltd, India Infrastructure Finance Company Ltd and Goodrich Maritime Pvt Ltd. The delegation also visited Sohar Port and Freezone.
Abdul Salam, deputy director at FICCI and delegation leader, said, “We are looking for business opportunities in the infrastructure sector and possibilities of ties-ups in Oman. We also want to build new relations with Omani companies.”
Salam said that India is planning to invest nearly US$1tn on infrastructure in the next four to five years and this presents huge investment opportunities for foreign investors.
“There are plans to build a number of low-cost airports and ports in India. Recently the government opened up the railway sector to foreign direct investment, which presents a big opportunity for private investors,” Salam added.