- India Oman CEPA hailed at India Oman Business Summit
- India Oman CEPA seen as blueprint for shared future
India Oman CEPA will shape bilateral relations for decades to come, Prime Minister Narendra Modi said while addressing the India Oman Business Summit. He described the Comprehensive Economic Partnership Agreement as a historic step that reflects the shared future of both countries. He said the agreement will strengthen trust and bring new energy to ties between India and Oman in the 21st century.
Addressing business leaders, the Prime Minister said, “Today, we are making a historic decision whose echo will be heard for decades to come. The Comprehensive Economic Partnership Agreement (CEPA) will fill us with new trust and new energy in the 21st century. This is a blueprint of our shared future. This will boost our trade, give a new confidence to investment and open new doors to opportunities in every sector.” He urged business communities to use the momentum of the summit to deepen trade and investment links.
Meanwhile, PM Modi highlighted the strong people to people and business ties between the two nations. He said, “Our people know each other well. We have generations of trust in our business relations, and we understand each other’s markets very well.” He added that the summit would give the partnership new direction and speed. “The Summit today will give the India-Oman partnership a new direction, new speed, and help it reach new heights. In this, all of you play a big role,” he said.
The Prime Minister also spoke about the long trade history between India and Oman. He reminded business leaders that they are heirs to a centuries old trade legacy. “Since the dawn of civilisation, our ancestors have been doing maritime trade with each other,” he said. He added, “The Arabian Sea between Mandvi and Muscat has become a strong bridge. Today, we can say confidently that the waves of the sea can transform, seasons change, but India-Oman friendship gets stronger every season and touches new heights with every wave.”
Later, PM Modi underlined the strength and continuity of diplomatic ties. He said, “Our relation is built on the foundation of trust, moved ahead on the strength of friendship and with time it further deepened. Today, our diplomatic relations have been in place for 70 years.” He also noted that India’s growth benefits its partners. “India’s nature has always been progressive and self-driven. Whenever India grows, it helps its friends grow as well,” he said.
He further said India is progressing towards becoming the world’s third largest economy. He added that this growth is especially beneficial for Oman as a close friend and maritime neighbour. In a social media post, the Prime Minister described Oman as a land of enduring friendship and deep historical connections with India. He said the visit offers a chance to explore new areas of cooperation and add fresh momentum to the partnership.
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