Archive · 18 Dec 2025
PM Modi in Oman for Trade Pact
Prime Minister Narendra Modi is visiting Oman, which is a big deal for both countries.
Indian business leaders are excited because they think this visit will help increase trade between India and Oman.
Right now, they trade about $10.6 billion worth of goods every year, but they believe this number can double or even triple.
Companies like Jindal Steel have already invested a lot in Oman and plan to invest even more.
They make a lot of steel there, which helps Oman and also allows them to export steel to other countries.
Other Indian businesses, like hospitals and chemical companies, are also working with Oman.
The two countries have been friends for a long time, and this visit is a big celebration of their 70-year friendship.
Both countries want to work together more in the future, especially in areas like manufacturing, healthcare, and tourism.
PM Modi is also signing a free trade agreement with Oman to make it easier and cheaper to trade goods between the two countries.
This agreement will help both countries sell more things to each other and make more money.
PM Modi also visited Ethiopia, where he signed several agreements to help both countries work together better.
He even received Ethiopia's highest civilian honor, which is a big deal!
Prime Minister Narendra Modi is in Oman to sign a Comprehensive Economic Partnership Agreement (CEPA) and strengthen economic ties.
India and Oman are celebrating the 70th anniversary of their diplomatic relations.
Bilateral trade between India and Oman was $10.6 billion in 2024-25, with a significant increase from $6.70 billion in 2017-18.
Jindal Steel has invested $3 billion in Oman and plans to increase this to $7-8 billion, aligning with Oman's Vision 2040.
PM Modi highlighted India's economic reforms, including GST and the Insolvency and Bankruptcy Code, as key to transforming India's growth trajectory.
- Who
- Prime Minister Narendra Modi, Sultan Haitham bin Tarik, Ethiopian Prime Minister Abiy Ahmed Ali
- What
- PM Modi's visit to Oman to sign a Comprehensive Economic Partnership Agreement (CEPA) and strengthen economic ties
- When
- During the 70th anniversary of diplomatic relations
- Where
- Oman
- Why
- To boost bilateral trade, investment, and economic cooperation
- Diplomatic Relations Anniversary
- 70th anniversary
- Bilateral Trade
- $10.6 billion (2024-25)
- Jindal Steel Investment
- $3 billion (planned $7-8 billion)
- Indian Business Delegation
- Accompanying Commerce Minister Piyush Goyal
- Oman's 2040 Vision
- Expand manufacturing base in India and Oman
- Healthcare Cooperation
- Heal in India mission for over 20 years
- Free Trade Agreement
- Comprehensive Economic Partnership Agreement (CEPA)
- Ethiopia Visit Highlights
- Strategic Partnership, debt restructuring, AI courses, healthcare collaboration
- India-Oman Joint Investment Fund (OIJIF)
- $320 million invested, $300 million third tranche announced
- Oman India Fertiliser Company (OMIFCO)
- $969 million joint venture since 2006
Sources
PM Modi Oman Visit: Business Leaders Eye $20B Trade, Green Steel Boom
India, Oman to Sign Free Trade Pact in Muscat
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India, Oman to sign free trade pact on Thursday to boost economic ties
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On arrival in Oman, PM Modi says visit offers opportunity to explore new avenues of collaboration
Trade pact with Oman to benefit key labour-intensive sectors: Piyush Goyal
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From GST to CEPA: 'India changed its economic DNA' says PM Modi at Oman business forum
‘Blueprint of our shared future’: PM Modi hails India-Oman economic partnership at Business Forum
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India-Oman CEPA 'Watershed Moment' Unlocks Trade Boom After UK, EFTA Pacts: Union Commerce Minister Piyush Goyal
India-Oman free trade agreement to give new confidence to bilateral relations: PM Modi in Muscat
PM Modi in Muscat: India signs free trade agreement with Oman—only the second for the Gulf nation
India-Oman CEPA will shape bilateral ties for decades to come: PM Modi
PM Modi conferred with the Order of Oman
India-Oman CEPA to open up new avenues for trade, services and professional mobility
PM Narendra Modi conferred with The First Class of the Order of Oman, the Sultanate's national honour — Video
India excludes dairy, gold, silver, footwear from trade pact with Oman
PM Modi conferred Oman’s top national honour; Delhi, Muscat ink trade agreement
PM Modi honoured with Order of Oman, joins Nelson Mandela, Queen Elizabeth
India signs Oman trade pact; zero duty on 98% of goods Muscat imports
India Excludes Gold, Silver, Dairy From Trade Pact With Oman
India-Oman CEPA to boost textiles, leather, labour-heavy sectors, says Former Ambassador Jayant Dasgupta
All You Need To Know About India's Free Trade Agreements
India Oman FTA Signed: India gets zero duty access to Oman, liberal mobility for professionals