To step-up two-way investment, India and Oman are going to collaborate in using a joint investment fund of 100 million dollars. Indian External Affairs Minister, SM Krishna, after discussions with the visiting Oman Foreign Minister Yousuf Bin Alawi bin Abdullah, on regional and bilateral issues said that for the benefit of the people, they aim to channelize further investments in both economies through the joint investment fund.
He further said that presently the both countries have bilateral shared investments of about 7.53 billion dollars and trade between two countries is up to 4.5 billion dollars, which is stretched across 13 sectors.
He further said that they had lot of discussions about the developments in the relations of two countries. The discussions were about commercial and economic fields, where the relationship has grown in last few years.
Mr. Krishna further told the reporters that Oman and India had a past relationship which is marked by cordiality and warmth. He added that by regular high-level discussion between two countries, the association has been continued over the years. He further added that in last few years, the relationship has strengthened between the two countries.
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