India Show in Oman
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FIEO organized the first ever Indian tradeshow in Oman, called "India Show," during 9th Muscat International Fair held from 13 to 16 February. Forty participants from India took part in the Show and showcased their products & services.
At the inauguration of the Fair, Indian Ambassador Mr. Anil Wadhwa said that bilateral trade between India and Oman was on an upswing and had grown by about 200% in the last two years alone. Similarly, said he, India has also emerged as the largest source of FDI into Oman in the last ten years or so. He, however, added that there still remained a huge untapped potential of trade and economic cooperation between the two sides.
During the Show, Indian participants had fruitful meetings with the business executives of three largest retail chains of Oman - Lulu, Safeer and Khimjee who took keen interest in Indian products. Besides managing to sell all the goods they brought, Indian participants struck future business deals worth USD one million with the visiting businessmen during the Show.
In the honour of visiting Indian delegation, Indian embassy hosted a dinner on 13th February, which was attended by around 200 guests from Omani Government and business circle besides a good number Indian residents in Oman.
Indian Ambassador took the opportunity to launch India Business Forum to increase the trade and commerce between the two sides. During the launch, FIEO officials explained the role and activities of the Federation towards promoting India’s international trade.
Indian participants included Amrapali Group and Falcon Reality Services from real estate sector; Centurion Bank of Punjab and Oriental Bank of Commerce from banking sector; Coconut Development Board, KPL Oil Mills Ltd., Benzy Food & Beverages, Sevashram and Subicsha Coconut Company Ltd. from coconut sector; Balence Design and Rabindra Enterprises from leather sector; JIICO Exports offering embroidered textiles; Malvia Exports dealing in handicrafts; Monaco Import Export dealing in ladies wear; Nisarga Biotech Pvt. Ltd. dealing in herbal products; Ritu Arts from handicrafts sector; S S Foundary Chemical Industries Pvt. Ltd. doing designing of industrial gas plants; Shri Navkar Metals dealing in stainless steel & aluminium products; Vikram Impex dealing in dry fruits & rice; Vishal Holo Solutions Pvt. Ltd. manufacturing holograms; and Virgin Exports which is into trading of multi products.
Oman is an emerging market for various Indian companies, especially in the fields of oil exploration, construction and manufacturing. India-Oman trade was to the tune of USD 1.09 billion in 2006-07.
A number of infrastructure projects are underway in Oman to make it at par with Dubai. Expansion of Muscat International Airport with an investment of USD 2.70 to USD 10.80 billion has already been planned. USD 3 billion Blue City project is underway. Six regional airports are being developed. Sixteen integrated tourism projects worth USD 6 billion are being developed in the next 3-5 years. Currently, there are 1,500 five star rooms in Oman which are being increased to 80,000 rooms in next few years. Oman needs investments worth USD 40 billion in next three years.
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LEFT: H. E. Ahmad bin Hasan al Dheeb, Under Secy., Oman Ministry of Commerce & Industry (2nd from left) and Indian Ambassador to Oman, Mr. Anil Wadhwa (3rd from left) inaugurating the India Show. RIGHT: Mr. Anand P Seth describing exhibits of M/s Malvia Exports to the Chief Guest |
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LEFT: Mr. Goverdhan Kharbanda of JIICO Exports Pvt. Ltd. with a visitor at the booth. RIGHT: Mr. Pradeep Agarwal, DGM (left) & Mr. Shailendra Shukla, Manager, Oriental Bank of Commerce with Omanian business visitors |
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| LEFT: Chief Guest at the booth of M/s Vishal Holo Solutions Pvt. Ltd. RIGHT: Mr. Sanjay Nanda of M/s. Ritu Arts showing the merchandise to the Chief Guest | |
All said and done, the major challenge for Omani economy is to diversify into non-oil sectors and combat inflation. It needs to develop skill sets in the people to do this. Thus, there is a great opportunity for Indian companies engaged in developing skill sets to train Omani nationals.
Oman, being a member of Gulf Co-operation Council (GCC), offers ample opportunities for Indian businessmen. India’s trade with Oman grew at a rate of 61% in the year 2006-07 to cross the US$ 1 billion mark. GCC countries emerged as the third largest trade partner for India after European Union and the US and India’s total trade with the GCC countries has risen threefold - from $5.55 billion in 2000-01 to $23.42 billion in 2005-06. With the ongoing negotiations to have an India-GCC FTA, new opportunities of bilateral co-operation between the two sides will emerge in near future.
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Indian Participants at India Show in Oman
Amrapali Group
One of the construction giants developing residential, commercial townships, IT parks, hotels & resorts, etc.
Balance Designs Inc.
Manufacturers and Exporters of premium leather sofas from South India. The company has an exquisite range of classical and contemporary sofas. The ranges include leather sofas, coffee tables, car seating, leather bags, wallets etc.
Centurion Bank of Punjab Ltd.
One of the leading new generation private sector banks in India. The bank offers a full range of financial products and services for investing, lending and advice on financial planning.
Coconut Development Board
Coconut Development Board is a body created under Ministry of Agriculture for the development of products made out of coconut, which include coconut oil, handicraft items from shell etc. The companies, which participated under Coconut Development Board, were Benzy Food & Beverages Pvt. Ltd; Subicsha Coconut Products Co. Ltd.; KPL Oil Mills Pvt. Ltd.; and Sevashram.
Falcon Realty Services Pvt. Ltd.
The company is developing the first ever mega interdependent cluster of cities "Mughal Ranches," based on CDM (Clean Development Mechanism) technology – an initiative to use maximum natural resources for human habitation like recycling of water, optimum use of solar energies and wind energies within the campus.
JIICO Exports Pvt. Ltd.
Deals in fancy embroideries in fashion colours for quality garments, collection features silk, cotton, scarves, laces, woolens, corporate leather gift items etc.
Malvia Exports
The leading manufacturer and exporter of marble handicrafts, oil painting and jewellery from Jaipur. Marble handicrafts include all decorative and gift items like vases, pots, watches, figures, lamps, lanterns etc. with special real 23 K gold work.
Monaco Import Export
Manufacturer and exporter of ladieswear items like scarves, stoles, shawls, garments and under garments. Also specialized for high fashion made-ups.
Nisarga Biotech Pvt. Ltd.
Deals in organic chemicals, fertilizers etc.
Oriental Bank of Commerce
One of the leading public sector banks with a pan India presence of 1983 service outlets and 714 ATMs spread over 23 states and 3 union territories. The bank has a business mix of over USD 32 billion (Rs. 1,28,000 crores). The bank offers a bouquet of foreign exchange banking facilities according to the need of NRIs.
Rabindra Enterprises
Manufacturer and exporter of promotional gift items, leather wallets, portfolio bags, laptop bags, keychain holders, cotton polo shirts, caps etc.
Ritu Arts
A design oriented company offering handicrafts and home furnishing, esthetically embroidered using fusion of fabrics like organdie, tissue, organzas, silks, linen etc.
S S Foundry Chemical Industries Pvt. Ltd.
A leading manufacturer and supplier of CO2, N2O, Hydrogen Gas and dry ice plants of European standards on turnkey basis. The company also supplies liquid CO2 storage tank system, dry ice presses, instant dry ice/ snow makers, CO2 measures meters, CO2 purity apparatus and all other equipments connected with CO2 industry. It specializes in recovery systems for breweries, distilleries and mines and is pioneer in bio mass based CO2 generation systems.
Shri Navkar Metals Limited
Manufacturer of stainless steel & aluminium products, kitchen ware, table ware, cookware, kitchen sink, milk cans for transportation, sheet metals for industrial components.
Vikram Impex
Exporter of dry fruits spices, pickles, poppadum, rice, mouth-freshener, flour, masala and chutney etc.
Vishal Holo Solutions (P) Ltd.
Manufacturer of holograms and security labels and provides hologram realted solutions. The company also provides Tamper Evident Sticker, Hot Stamping Foil, Paper label with Hologram, Hologram Scratch, Off Cards, Flexible Packing (blister/ strip) with hologram, PVC Shrink with Holograms, Cap Seal with Hologram, Transparent/ Semitransparent Hologram and display holograms.
Virgin Exports
Multi Product merchant exporter of high quality merchandise in fashion garments and accessories. |
