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India-Oman trade jumps 66 pc to USD 1.5 bn
New Delhi, April 21, 2008
Trade between India and Oman has registered
the highest growth rate of 66 per cent and amounted to USD 1.5
billion in 2007 from USD 900 million in 2006.
India-Oman economic and commercial relations have gained
sufficient momentum in recent years to lend a strategic nature
to the bilateral engagement, Indian Ambassador to Oman, Anil
Wadhwa, said at a University's function in Dubai.
"The political relations between India and Oman are guided by
mutual respect and commonality of views on major regional and
international issues," he said.
Recent years have witnessed a two-way flow of significant
investments in various fields, including oil and gas, heavy
engineering, chemicals and pharmaceuticals, IT and
infrastructure.
The ambassador mentioned that the steady growth of tourists
traffic between the two countries was a result of increase in
air connectivity between the two countries.
The ambassador also presented the University with 300 books on
diversified subjects, such as Indian history, culture,
literature and economy.
The Embassy had earlier presented 100 books each to the Sur
College of Applied Sciences and Sur University College for
setting up "India Corner" in their respective libraries.
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