India-Oman trade jumps 66% to $1.5 bn

Trade between India and Oman has registered the highest growth rate of 66 per cent and amounted to $1.5 billion in 2007 from $900 million in 2006.
India-Oman economic and commercial relations have gained sufficient momentum in recent years to lend a strategic nature to the bilateral engagement, Indian Ambassador to Oman, Anil Wadhwa, yesterday said at a University's function here.
"The political relations between India and Oman are guided by mutual respect and commonality of views on major regional and international issues," he said.
Recent years have witnessed a two-way flow of significant investments in various fields, including oil and gas, heavy engineering, chemicals and pharmaceuticals, IT and infrastructure.
The ambassador mentioned that the steady growth of tourists traffic between the two countries was a result of increase in air connectivity between the two countries.
The ambassador also presented the University with 300 books on diversified subjects, such as Indian history, culture, literature and Economy.
The Embassy had earlier presented 100 books each to the Sur College of Applied Sciences and Sur University College for setting up "India Corner" in their respective libraries.