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India, Bahrain investors meet focuses on more trade relations

India, Bahrain investors meet focuses on more trade relations

An eclectic mix of about 400 delegates comprising overseas Indians as well as business and industry leaders from Bahrain attended the Diaspora Engagement Meet, a confluence to strengthen trade ties and explore investment opportunities in India, organised by the Overseas Indian Facilitation Centre (OIFC) in Manama, Bahrain on Saturday.

In an initiative to improve investment and catalyse trade between the two countries, the Meet served as a privileged platform to explore and energise various investment avenues in India, and strengthen Indian Diaspora’s engagement with vibrant and strong India.

A series of focused presentations on sectors like healthcare, medical tourism, pharmaceuticals, food processing and agri infrastructure highlighted business opportunities between India and Bahrain.

Discussions on policy framework to facilitate investments and economic engagement with India led by the Reserve Bank of India and leading banks were a hallmark of the programme.

The Department of Industrial Policy and Promotion (DIPP), which participated in an overseas meet organised by the OIFC for the first time, shared with the audience the new policy framework for investment into India as well as iconic infrastructure projects like the Delhi Mumbai Industrial Corridor (DMIC). eBiz, an ambitious project of DIPP which aims to get all procedures, clearances on a common platform received much appreciation.

Emphasising the need for making overseas Indians a part of this development agenda, India’s Minister of External Affairs & Overseas Indian Affairs Sushma Swaraj said that the government is firmly committed to bring back growth, have clear policies which will facilitate business environment, transparency and speed, well thought out decisions.

“The result is there before you in just 100 days. GDP growth is showing early signs of recovery. Our focus is growth with good governance and transparency with eye on manufacturing, infrastructure & trade,” she added.

Inviting the Indian diaspora eagerly, she said, “Come to India, set up industries and join our dream of growth. Things are changing in India and you will experience in engaging with us.”