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India, Oman explore possibilities of greater economic co-operation

LiveMint logoLiveMint 03-06-2014 Elizabeth Roche

New Delhi: India and Oman on Tuesday explored possibilities of greater economic co-operation, including in the energy sector, during the visit of Omani foreign minister Yusuf bin Alawi bin Abdullah.

Abdullah is the first foreign minister to make a bilateral visit to India since the new Bharatiya Janata Party (BJP) government took office last week and called on Prime Minister Narendra Modi, besides holding talks with foreign minister Sushma Swaraj.

During the ministerial talks, both sides “took stock of political, economic, defence, security and people-to-people linkages and agreed to further strengthen these,” a person close to the developments said.

“The prospect of enhancing project exports from India to Oman was discussed. During 2013, Indian companies have bagged contracts worth $1.25 billion in Oman. Both the ministers felt that this trend should be continued,” the person said, requesting anonymity.

The two ministers agreed to convene the India-Oman Joint Commission later this year—possibly in September—to provide a further push to the growing economic and commercial engagement. The ministers also discussed the welfare of the large Indian community in Oman, who number more than 700,000, the person added.

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