Tremendous potential in Arab-Indian partnership


MUSCAT: The fifth version of the Arab-Indian Partnership Conferences concluded here on Thursday.
Several ministers from India and Arab Countries lead the delegations. Ahmed bin Helli, Deputy Secretary- General of Arab League, led the Arab League delegation. The Indian delegation was led by M J Akbar, Minister of State for External Affairs. Other dignitaries include: from Sultanate of Oman Yahya al Jabri, Chairman of Special Economic Zone Authority (Duqm), and Sultan al Habsi, Secretary-General of Supreme Council for Planning, Salah al Hassan, Minister of Trade in Sudan, and Dr Jawad Anani, Deputy Prime Minister and Minister of State for investment in Jordan.
The significance of this conference increases being the largest event that holds tremendous potentials to highlight numerous trade and investment opportunities between the two sides with the supports from the governments of India, Sultanate and the Arab League.
The conference was attended by a number of Arab and Indian ministers, Heads of Arab specialised organisation, Key state officials from both sides, as well as 400 participants from experts and businessmen from both sides, which reflected the hope of two sides to give more momentum to the economy, trade and investment relations to the higher level and to new horizons of joint works between the two parties.
The organisation of this conference comes amidst the rapid fluctuations and developments at the world economy, which underscore the need to join hands between Arab countries and India to promote the solid and strong relations and taking them towards sustainable development utilising all possible means to achieve this aim.
The Arab-India relations is deep-rooted throughout the different ages on entire fields especially the economy. The value of reciprocal trade between the two sides increased considerably despite drop in oil prices, and other factors that have affected the investments and trade exchange levels.
The conference was rich in content with opening session, the ministerial session and special sessions in which working papers were presented on the investment climates and opportunities by both India and the Sultanate, apart from business to business meetings oriented towards opportunities in trade and investments. The sessions discussed the reality of the Arab Indian cooperation and means to enhance them in the different domains. The two sides stressed the importance of sharing experiences in the areas that were covered during the conference. The meeting also stressed the important role of the private sector and businessmen to push trade and investment relations to wider horizons.
The conference succeeded in discussing a number of joint ventures in various fields between Arab and Indian in both Government and private sector.
The conference came up with a number of recommendations. It has been proposed for a possible upgradation of the India-Arab Partnership Forum to a bilateral chamber, with FICCI as the secretariat from the Indian side and League of Arab States for Arab countries, subject to the approval from both sides. To deepen & diversify bilateral investment linkages in India and Arab region, India and the Arab league propose to have a detailed feasibility study to evolve an action agenda.
The 6th edition of the conference will be held in India in 2018. — ONA