Prime Minister Narendra Modi on Thursday (18 December 2025) oman Of Sultan hasim bin Date Al Sayed Met and discussed bilateral issues. This during India And oman by Free trade agreement ,FTA) But Signature didon this occasion oman The government has honored Prime Minister Narendra Modi for his contribution in strengthening bilateral relations.order off oman‘Awarded.
What will be the benefit of India-Oman free trade?
This agreement will provide support to India’s labour-intensive sectors such as textiles, leather, footwear, gems and jewellery, engineering products, plastics, Furnitureagricultural products, medicines, Medical device And automobile Exports will get a boost. This will create employment and empower artisans, women-led enterprises together with MSME Will get strength. This is India’s second in the last six months Free trade agreement Is. India has signed several free trade agreements (fta) has been signed, which is benefiting our farmers, traders and exporters.
India Of First From hee bay Collaboration council ,GCC, Of One Other member Country Joint Arab Emirates ,uae) has a similar agreement with, Which came into effect in May 2022, gcc other members of bahrain, Kuwait, saudi Arab and Qatar are, India and Qatar will also start talks for trade agreement soon, India in the financial year 2024-25-oman India’s bilateral trade was about US $ 10.5 billion (exports were US $ 4 billion and imports were US $ 6.54 billion).
What does India export to Oman?
India’s major imports are petroleum products and urea Are. Their share in total imports is more than 70 percent. Other major products Propylene And ethylene polymerpet coke, gypsum, chemicals, iron, steel and crude aluminum Are included. oman The main Indian commodities exported to India include mineral fuels, chemicals, precious metals, iron and steel, grains, ships, boats, electrical machinery, boilerTea, coffeespices, clothing and food items.
‘4 big markets of the world will open for India’
Union Minister Piyush Goyal said that India-Oman Free-Trade Agreement (FTA) will create new opportunities in textiles, food processing, automobile, jewellery, agrochemicals, renewable energy and auto components. Addressing the India-Oman Business Forum, Piyush Goyal described Oman as strategically important as the gateway to the Gulf Cooperation Council (GCC), Eastern Europe, Central Asia and Africa, which provides better market access to Indian businesses.
