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News >> OCIPED in the China Overseas Investment Fair
 

Dr.Farooq Abdullah meets Omani Businessmen

Oman India Business Council organized a reception and networking lunch in honor of the visiting Indian Minister Dr. Farooq Abdullah, Union Minister for New & Renewable Energy and the accompanying Indian business delegation at Al Jabreen ball room Intercontinental Hotel on last Wednesday 20 January. Leading corporate officials from Oman attended the event.

During the address to Dr. Farooq Abdullah highlighted the importance of renewable energy. He mentioned that it is a challenge for every government to maintain a balance between development and environment and in this context renewable energy has a great significance .. He appreciated the efforts of the Oman government in this direction and mentioned that both governments are exploring cooperation in this field. He requested the private sector companies from India and Oman to explore joint business opportunities in Oman, India and in rest of the world. He also mentioned that Oman with its strategic location at the junction of Middle East , African continent and Indian subcontinent is an ideal location.


Pankaj Khimji, Chairman of Oman India Business Council in his welcome address highlighted the historic relationship between Oman and India and urged the private sector for more cooperation. He also briefed the audience on Oman’s economy

Ms Gauri Singh Joint Secretary , Ministry of New & Renewable Energy, India made a presentation on the Renewable energy initiatives in India and Mr Ahmed Al Jahdhami., Privatization & Restructuring Director of Public Authority for Electricity & Water made a presentation on the renewable energy initiatives of Oman.

During the event Mrs. Nisreen Ahmed Jaffer, Director General of Investment Promotion, OCIPED presented a memento to the Indian Minister. Commenting on the event, Nisreen appreciated the efforts of the Oman India Business Council especially the Chairman Mr Pankaj Khimji and the Confederation of Indian Industry for organizing the event and mentioned that the event provided excellent platform for the Omani and Indian private sector to interact for cooperation in the field of renewable energy. She also added that renewable energy is identified as one of the priority sectors as per the Investment Promotion Strategy for Oman developed by OCIPED and we are working closely with Public Authority for Electricity and Water to promote the sector



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OCIPED in coordination with the Iranian Foreign Investment Company is in the process of establishing a US$ 50 million capital Oman Iran investment company in order to further enhance the commercial and economic cooperation between the Sultanate of Oman and the Islamic Republic of Iran.

 
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