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FTA with Oman almost finalised: Indian Minister
FTA with Oman almost finalised: Indian Minister

Zawya

time2 days ago

  • Business
  • Zawya

FTA with Oman almost finalised: Indian Minister

India's trade talks are in a 'very advanced' stage with the US, Oman, and the European Union, the country's Commerce and Industry Minister Piyush Goyal said on Saturday. Addressing reporters on Saturday, the minister said that the FTA with Oman is 'almost finalised', while negotiations with the EU and the US are 'making fast progress'. According to details on the Indian Embassy website, Indian The economic and commercial relations between India and Oman are robust and buoyant. Bilateral trade during FY 2023-24 reached US$8.947 billion and and for the FY 2024-25 reached US$10.613 billion. Numerous joint ventures have been established both in India and Oman. There are over 6,000 India-Oman joint ventures in Oman with an estimated investment of over US$776 million. Indian companies are investors in Oman, particularly at Sohar and Salalah Free Zones. The cumulative FDI equity inflow from Oman to India during April 2000 to March 2025 is US$605.57 million. Oman is India's 28th largest trading partner in FY 2024-2025, with total trade of US$10.61 billion, while India is Oman's third-largest non-oil export partner and fourth-largest in terms of imports. The main items of India's exports to Oman during the calendar year 2024 were light oils and preparations; Aluminium oxide other than artificial corundum; Rice; Boilers, machinery and mechanical appliances, parts thereof; Aeroplanes and Other aircraft and spacecraft; Electrical machinery and equipment and parts thereof; Other beauty / make up preparations; Plastic and articles thereof; Iron and Steel; Ceramic products, etc. The main items of India's imports from Oman during the calendar year 2024 were Petroleum oil crude; Liquefied Natural Gas; Urea, including fertilizer grade; Organic chemicals; Anhydrous ammonia; Sulphur, Earth and Stone, Plastering Materials, Lime; Plastic in primary forms. 2022 © All right reserved for Oman Establishment for Press, Publication and Advertising (OEPPA) Provided by SyndiGate Media Inc. (

India to resume issuing tourist visas to Chinese citizens
India to resume issuing tourist visas to Chinese citizens

Free Malaysia Today

time7 days ago

  • Business
  • Free Malaysia Today

India to resume issuing tourist visas to Chinese citizens

Relations have gradually improved, including talks between Chinese President Xi Jinping and Indian Prime Minister Narendra Modi in Russia. (EPA Images pic) HONG KONG : India will resume issuing tourist visas to Chinese citizens from July 24 this year, its embassy in China said today, the first time in five years as both countries move to repair their rocky relationship. Tensions between the two countries escalated following a 2020 military clash along their disputed Himalayan border. In response, India imposed restrictions on Chinese investments, banned hundreds of popular Chinese apps and cut passenger routes. China suspended visas to Indian citizens and other foreigners around the same time due to the Covid-19 pandemic but lifted those restrictions in 2022, when it resumed issuing visas for students and business travellers. Tourist visas for Indian nationals remained restricted until March this year, when both countries agreed to resume direct air service. Relations have gradually improved, with several high-level meetings taking place last year, including talks between Chinese President Xi Jinping and Indian Prime Minister Narendra Modi in Russia in October. China's foreign ministry spokesman Guo Jiakun said today that Beijing had noted the positive move. 'China is ready to maintain communication and consultation with India and constantly improve the level of personal exchanges between the two countries,' he said. India and China share a 3,800km border that has been disputed since the 1950s. The two countries fought a brief but brutal border war in 1962 and negotiations to settle the dispute have made slow progress. In July, India's foreign minister told his Chinese counterpart that both countries must resolve border friction, pull back troops and avoid 'restrictive trade measures' to normalise their relationship.

India to restart tourist visas for Chinese citizens
India to restart tourist visas for Chinese citizens

Russia Today

time7 days ago

  • Business
  • Russia Today

India to restart tourist visas for Chinese citizens

In a sign of warming ties between New Delhi and Beijing, India has said it will restart issuing tourist visas to Chinese citizens after a five-year pause. The restrictions were imposed during the early stages of the Covid-19 pandemic, and continued after relations between the countries became strained due to a deadly border clash in the Himalayas in 2020. 'From July 24, 2025, Chinese citizens can apply for a tourist visa to visit India,' the Indian Embassy said in a post on Chinese social media platform Weibo. Beijing has long requested the reissuing of visas to its citizens, in addition to restarting direct flights between India and mainland China, which were also suspended in 2020. BRICS on Holiday! India to Welcome Back Chinese Tourists for First Time in Five Years!Visas will be issued for Chinese citizens from Thursday, India's embassy in China has announced. It marks another positive step towards mending relations after a military clash along the… 'Easing cross-border travel is widely beneficial,' the Chinese Foreign Ministry said. 'China will maintain communication and consultation with India to further facilitate travel between the two countries.' Efforts to normalize ties between the two countries began in October last year, after Indian Prime Minister Narendra Modi and Chinese President Xi Jinping held talks on the sidelines of the 2024 BRICS summit in Kazan. Both leaders gave their nod to follow an agreement to disengage from areas of tension and a commitment to work towards restoring relations. Following multiple rounds of military and diplomatic talks, certain proposals to ease trade and investment restrictions between India and China have gained momentum, driven by industry demands. Earlier this month, Chinese Foreign Minister Wang Yi, at a meeting in Beijing with his Indian counterpart, S. Jaishankar, said, 'Since our leaders' meeting in October 2024, the relationship has been gradually moving in a positive direction.' In June, a group of Indians crossed over into Tibet for the Kailash-Mansarovar Yatra, one of the holiest pilgrimages in Hinduism. The pilgrimage, which traverses two sacred sites, was also resumed after a five-year hiatus. Last week, the Chinese Foreign Ministry said Beijing is ready to enhance trilateral cooperation with New Delhi and Moscow.

SGIVS Global starts operations for Indian passport, visa services in Oman
SGIVS Global starts operations for Indian passport, visa services in Oman

Times of Oman

time21-07-2025

  • Business
  • Times of Oman

SGIVS Global starts operations for Indian passport, visa services in Oman

Muscat: SGIVS Global has begun providing consular, passport and visa, services at Al Raid Business Centre, Qurum in Oman. The centre was inaugurated in the presence of Indian ambassador G V Srinivas on Sunday. The company said it plans to open branches in other parts of Oman to offer easy access to passport and visa services. In Oman, SGIVS will offer visa Services (Tourist, Business, Entry, etc.), Indian Passport Services (reissue, new passport), Overseas Citizenship of India (OCI) applications, surrender certificate services, attestation services, police clearance certificate, and apostille services. All applicants are requested to book appointments online at Earlier, the Embassy of India in Muscat had announced that its Consular, Passport, and Visa services will be handled by SGIVS Global Services, which will establish 11 new application centres across the Sultanate, including Muscat, Salalah, Sohar, Ibri, Sur, Nizwa, Duqm, Ibra, Khasab, Buraimi, and Barka.

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