India, Oman propose joint investment company

07 May 2007

Mumbai: India and Oman are studying the possibility of setting up a joint investment company to enhance economic cooperation between the two countries.

This was the outcome of fifth strategic consultations between the two countries, led by N Ravi, secretary (east) in the ministry of external affairs, and Maqbool bin Ali Sultan, Oman''s minister of commerce and industry, in Muscat.

The meeting reviewed the role of Oman Oil Company (OOC), Omani investors and the Indian side in increasing the volume of investment in the two countries and the efforts in this regard, the Omani news agency said.