India & Bahrain to become partners in progress
Updated: Sep 28, 2015 04:11:27pm
New Delhi, Sept 28 (KNN) India and Bahrain is to move on from a typical buyer-seller relationship to one of partners in progress. A Joint Business Council has been established between FICCI and Bahrain Chamber of Commerce and Industry (BCCI) to play a crucial role in upgrading the ties between India and Bahrain.
This platform will give the crucial feedback to the respective governments which in turn will help the governments to frame policies that will be conducive to enhancing trade and investment between the two nations.
In the first meeting of India-Bahrain Joint Business Council organised by FICCI in association with BCCI here on Monday, Charge de Affaires, Bahrain Embassy, Maram Saleh urged the Indian investors to explore the myriad areas open for investment in Bahrain.
She also called upon members of the Bahrain Chamber of Commerce to invest in India as the country offered great investment opportunities and had a high return of investment.
On Indian economy, Director for Geo-Economics and Strategy, International Institute for Strategic Studies, Sanjaya Baru said it is important for investors to deal with state governments to set up their business. He added that it may initially appear difficult to do business in India owing to various impediments but the high return of investment would make the effort worthwhile.
Consular, Economic Development Board, Bahrain, Yousef A Khan said that Bahrain offered a favourable tax regime with no ‘free zone’ restrictions and 100 per cent ownership to the investors. He added the country was a hub and investors could set up their business in the country to access the whole region, which was connected well with major Gulf countries and beyond.
Chairman, Bahrain-India Joint Business Council, Bahrain side, Khaled Al Amin said taxation is posing as a challenge in this relationship and there was a need to pressurize the government to resolve the issue for unhindered growth of business between the two countries.
Chairman, India-Bahrain Joint Business Council, Indian side, Nitin Joshi said that Indo-Bahrain bilateral trade currently (2013-2014) stood at USD 1.2 billion; a spectacular jump from merely USD 220 million in 1999-2000.
He added that for trade and investment cooperation various areas like agriculture, infrastructure, healthcare, medical tourism, real estate and pharmaceuticals, were being explored.
Managing Director, Invest India on Investment Opportunities, Deepak Bagla, said that Invest India, a joint venture company between DIPP of Ministry of Commerce and Industry-Government of India, FICCI and various state governments, was responsible for promoting and facilitating investments to India.
Invest India is the first reference point for investors and acts as a facilitator and partner offering handholding services to the investors to help them frame their investment plans, he said. (KNN Bureau)
This platform will give the crucial feedback to the respective governments which in turn will help the governments to frame policies that will be conducive to enhancing trade and investment between the two nations.
In the first meeting of India-Bahrain Joint Business Council organised by FICCI in association with BCCI here on Monday, Charge de Affaires, Bahrain Embassy, Maram Saleh urged the Indian investors to explore the myriad areas open for investment in Bahrain.
She also called upon members of the Bahrain Chamber of Commerce to invest in India as the country offered great investment opportunities and had a high return of investment.
On Indian economy, Director for Geo-Economics and Strategy, International Institute for Strategic Studies, Sanjaya Baru said it is important for investors to deal with state governments to set up their business. He added that it may initially appear difficult to do business in India owing to various impediments but the high return of investment would make the effort worthwhile.
Consular, Economic Development Board, Bahrain, Yousef A Khan said that Bahrain offered a favourable tax regime with no ‘free zone’ restrictions and 100 per cent ownership to the investors. He added the country was a hub and investors could set up their business in the country to access the whole region, which was connected well with major Gulf countries and beyond.
Chairman, Bahrain-India Joint Business Council, Bahrain side, Khaled Al Amin said taxation is posing as a challenge in this relationship and there was a need to pressurize the government to resolve the issue for unhindered growth of business between the two countries.
Chairman, India-Bahrain Joint Business Council, Indian side, Nitin Joshi said that Indo-Bahrain bilateral trade currently (2013-2014) stood at USD 1.2 billion; a spectacular jump from merely USD 220 million in 1999-2000.
He added that for trade and investment cooperation various areas like agriculture, infrastructure, healthcare, medical tourism, real estate and pharmaceuticals, were being explored.
Managing Director, Invest India on Investment Opportunities, Deepak Bagla, said that Invest India, a joint venture company between DIPP of Ministry of Commerce and Industry-Government of India, FICCI and various state governments, was responsible for promoting and facilitating investments to India.
Invest India is the first reference point for investors and acts as a facilitator and partner offering handholding services to the investors to help them frame their investment plans, he said. (KNN Bureau)
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