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Dubai, United Arab Emirates

Massive potential for Indian firms to tap GCC growth post-coronavirus

Top Indian diplomats in the Gulf have urged companies to make long-term investment plans for the region post-coronavirus to take advantage of the “tremendous opportunities” that will be on offer. India’s ambassador to Oman Munu Mahawar said limestone and gypsum mining and the proposed rail links between mining sites and Duqm port could offer tremendous opportunities for investment by Indian companies.

“The Oman authorities are also planning a port near the mining areas, which could be another investment opportunity for Indian companies and investors,” Mahawar said. “Oman’s free trade arrangement with the US can be another major attraction for Indian exporters,” Mahawar added during the webinar organised by India’s Exim Bank.