US EditionIndia, Oman to Sign Free Trade Agreement on December 18, Piyush Goyal Confirms
The FTA will boost trade in sectors like textiles and renewable energy, with Indian investments in Oman tripling to $5 billion since 2020, officials said.
- At the India‑Oman Business Forum in Muscat, Piyush Goyal said India and Oman will sign a Free Trade Agreement on Thursday, December 18, 2025, with Prime Minister Narendra Modi and Sultan Haitham bin Tarik present.
- Driven by rising investment ties, Indian investments in Oman have more than tripled since 2020, reaching USD 5 billion, and Goyal said the FTA will be Oman's first Free Trade Agreement in nearly two decades.
- The agreement targets sectors including textiles, food processing, automobiles, gems and jewellery, agrochemicals, renewable energy and auto components, while Goyal highlighted four collaboration areas: energy transition, infrastructure and multimodal logistics, food security, and startups.
- Oman's strategic location offers enhanced market access for Indian businesses to the Gulf Cooperation Council, Eastern Europe, Central Asia and Africa, while Omani officials said India is Oman's third-largest trading partner.
- Beyond goods, leaders stressed the FTA's scope for professional services, accounting, business process re-engineering, R&D, tourism, healthcare, education, aligning with Viksit Bharat 2047 and Oman Vision 2040 and recalling Lothal and centuries-old maritime links.
13 Articles
13 Articles
India-Oman FTA to open doors for textiles and autos: Piyush Goyal
India and Oman are set to sign a Free Trade Agreement. This pact unlocks major opportunities in sectors like textiles, food processing, and renewable energy. Oman's role as a gateway to other regions is highlighted. The agreement is expected to boost bilateral trade and Indian investments in Oman. This marks a significant step in economic cooperation between the two nations.
India-Oman FTA to unlock new opportunities across key sectors: Piyush Goyal
India-Oman Free Trade Agreement will open up significant opportunities across sectors including textiles, food processing, automobiles, gems and jewellery, agrochemicals, renewable energy and auto components. This was stated by Union Minister of Commerce and Industry, Piyush Goyal, while addressing the India-Oman Business Forum in Muscat on Wednesday.
India-Oman free trade pact to give new energy to bilateral relations: PM Modi
Muscat, Dec 18 (PTI) Prime Minister Narendra Modi on Thursday said the Comprehensive Economic Partnership Agreement (CEPA) between India and Oman will give new confidence and energy to the bilateral relations. Speaking at the India-Oman Business Summit here, the visiting Prime Minister said the summit will give a new direction to the India-Oman partnership. "Today, we are taking such a historic decision, the echo of which will be heard for many …
India-Oman FTA: India and Oman Sign Historic Free Trade Agreement, PM Modi Meets Sultan
Prime Minister Narendra Modi's visit to Muscat culminated in a significant milestone today as India and Oman formally signed a Free Trade Agreement (FTA). The Prime Minister held extensive bilateral discussions with Sultan Haitham bin Tariq, reinforcing the deep-rooted strategic partnership between the two nations. This agreement is poised to unlock new avenues for economic cooperation, benefiting a wide array of Indian industries and further ce…
Coverage Details
Bias Distribution
- 60% of the sources lean Right
Factuality
To view factuality data please Upgrade to Premium
