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News >> OCIPED at CII Partnership summit in India
 

OCIPED at CII Partnership summit in India
 

H.E. Maqbool Bin Ali Bin Sultan, Minister of Commerce & Industry, Sultanate of Oman and Chairman of The Omani Centre for Investment Promotion and Export Development (OCIPED) participated in the Partnership Summit 2010 organised by CII between 22nd to 24th January, 2010 at Chennai along with H.E. Mr. Khalil Bin Abdullah Bin Mohammed Al Khonji, Chairman, Oman Chamber of Commerce & Industry and Dr. Salem Al Ismaily, Chief Executive Officer, OCIPED. A five member Omani business delegates led by Mr. Pankaj Khimji, Chairman, Oman India Business Council also accompanied H.E. the Minister during the Partnership Summit.

H.E. the Minister and the accompanying Omani delegates met with H.E. Anand Sharma, the Indian Minister of Commerce and Industry, Govt. of India and various Ministers from different countries who had participated in the partnership summit.

H.E. the Minister met with Mr. R. Ramanujam, Chairman and Managing Director of Brakes India Limited, Dunes Oman LLC, Salalah Free zone Co. who agreed for an additional investment of USD 20 million in Dunes Oman LLC to double its capacity so that the aluminium castings that are produced in Salalah could be exported to prestigious vehicles manufactured by Audi, Mazda and Nissan. The Chairman and Managing Director of Brakes India Limited further informed that another sister company of Brakes India, ABI Oman, plans further to expand its activities in Salalah with additional investments.

H.E. the Minister as well as the Omani delegates met with leaders of Indian Industries and invited them to come and invest in Oman. H.E. the Minister made two presentations during the partnership summit one on “GCC India” and the other on “The New Trade Routes: Strengthening the Global Market Place”. H.E.’s speech was well received by over 200 participants at the partnership summit.

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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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