Archive · 20 Sep 2025
India in Talks with Oman and GCC for Trade Deals
India is working on making trade deals.
They are in advanced talks with Oman for a Free Trade Agreement (FTA).
They are also open to similar deals with other countries in the Gulf Cooperation Council (GCC), which is a group of countries that India trades with a lot.
These deals aim to boost trade in areas like energy, infrastructure, and technology.
India's trade with GCC countries was worth $154 billion in 2021-22.
A project called Bharat Mart in UAE is expected to start in 2027, which can help Indian small businesses expand.
India is in advanced talks with Oman for a Free Trade Agreement (FTA).
India is open to FTAs with other Gulf Cooperation Council (GCC) countries.
GCC is India's largest trading partner bloc.
FTAs aim to boost collaboration in sectors like energy, infrastructure, and fintech.
The Bharat Mart project is expected to start operations by early 2027.
- Who
- Piyush Goyal, India, Oman, GCC
- What
- India in trade talks for FTAs
- When
- September 20, 2025
- Where
- UAE, Oman, GCC
- Why
- To accelerate collaboration in key sectors
- Key Theme
- India seeking trade deals with GCC nations
- FTA Discussions
- Advanced stage with Oman
- GCC
- India's largest trading bloc
- Focus Sectors
- Energy, infrastructure, fintech, logistics, renewables, food security
- FY 2021-22 Trade
- $154 billion (total), $44 billion (exports), $110 billion (imports)
- Bharat Mart
- Expected to begin operations by early 2027
Sources
Big Trade Boost: India, UAE Aim to Double Bilateral Non-Oil, Non-Precious Metal Trade to $100 Billion
Piyush Goyal visits BAPS Hindu temple in Abu Dhabi, calls it 'testament' to India-UAE ties
SubscriberWrites: Tariffs, Sanctions & Jugaad—Welcome to the 2025 Global Bazaar
Piyush Goyal expects UAE to step up investments in India
UAE firms keen to invest in Indian infra, banking, startups, logistics sectors: Piyush Goyal
India expects higher UAE investments, harmonising standards to boost cooperation
UAE Companies To Pour Investments Into India's Infrastructure, Data Centres, Banking, Startups & Logistics: Commerce & Industry Minister Goyal
