• PLI
    Production Linked Incentives Schemes in India
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The Sultanate of Oman is a strategic partner of India and an important interlocutor at the Gulf Cooperation Council (GCC), Arab League, and Indian Ocean Rim Association (IORA) fora. India and Oman are linked by geography, history and culture and enjoy warm and cordial relations, which are attributed to historical maritime trade linkages, intimacy of the Royal family with India and the seminal role played by the Indian expatriate community in building Oman. While people-to-people contact between India and Oman can be traced back 5000 years, diplomatic relations were established in 1955 and the relationship was upgraded to a Strategic partnership in 2008.

    • In recognition of the growing strategic relations between the Sultanate of Oman and the Republic of India, and at the invitation of His Majesty Sultan Qaboos bin Said, Sultan of Oman, Hon’ble Prime Minister of India, Shri Narendra Modi, paid a State visit to the Sultanate of Oman from 11-12 February 2018

    • The visit of Hon’ble Prime Minister Shri Narendra Modi to Oman in Feb, 2018 helped in further consolidating and deepening the strategic partnership framework and further development of excellent bilateral relations in all spheres, to serve the common interests of the two countries and their peoples.
    • In 2020, long time ruler of Oman and one of the architects of close India-Oman bilateral relations, HM Sultan Qaboos passed away. Government of India announced national mourning for one day on 13 January 2020 in his honour. HM Sultan Haitham Bin Tarik was appointed the Sultan of Oman on 11 January 2020

    • India is among Oman’s top trading partners. For Oman, India was the 3rd largest (after UAE and China) source for its imports and 3rd largest market (after UAE and Saudi Arabia) for its non-oil exports in 2018. During 2020-21, bilateral trade was $5.44 bn. Major items of Indian exports are mineral fuels and products of their distillation, textiles, machinery, electrical items, chemicals, iron and steel, tea, coffee, spices, rice and meat products and seafood. Among major Indian imports are: urea, LNG, polypropylene, lubricating oil, dates and chromite ore

    • Bilateral Investment flows, have been robust, as reflected in numerous joint ventures, established both in India and Oman. According to Oman’s Ministry of Commerce and Industry, there are over 4,100 Indian enterprises and establishments in Oman with an estimated investment of $7.5 bn. Oman-India Joint Investment Fund (OIJIF) is a 50-50 Joint Venture between State Bank of India and State General Reserve Fund (SGRF) of Oman, the main sovereign wealth fund of Oman

    • Between April 2000 and March 2021, India received $549.53 mn in FDI from Oman. The key sectors were Oil and Gas, Financial Services, Construction, Hotels, Healthcare and Retail.

    • There are about 7,00,000 Indians in Oman, of which about 5,67,000 are workers and professionals (June 2020). Many Indian families have been living in Oman for more than 150-200 years and it is estimated that a total 2911 Indian origin people have received Omani citizenship. Thousands of Indians are working as doctors, engineers, chartered accountants, teachers, lecturers, nurses, managers, etc. There are 21 Indian schools offering CBSE curriculum, catering to the educational needs of more than 45,000 Indian students.

    • India and Oman signed an MoU on Cultural cooperation in July 2010, which is automatically renewed every five years. The first ever ‘Festival of India in Oman’, organized by the Embassy of India with the support of Ministry of Culture of India during November 2016-March 2017, was inaugurated by Oman’s Minister for Foreign Affairs.

    • Yoga is quite popular in Oman especially among expatriates and local youth. The number of participants in celebration of International Day of Yoga has increased from around 3,000 persons in 2016 to 6000 in 2019. International Day of Yoga 2019 was also celebrated in other cities of Oman including Sur, Suhar, Nizwa and Salalah.

Prominent Investments

Oman in India

Bharat Oman Refineries Ltd

With significant co-operation from the Government of Madhya Pradesh, BORL set up a six million tonnes per annum (6.0 MMTPA) grassroots petroleum ...Read more

National Gas Company Oman

Oman-based National Gas Company (NGC) is partnering with Singapore-headquartered Petredec to set up an LPG import and storage terminal at ...Read more

Khimji Ramdas

Khimji Ramdas India Pvt. Ltd. (KRIPL) is the Indian venture of the KR Group set up primarily for distribution of, Procter & Gamble (P&G) ...Read more

India in Oman

Tata Motors

Tata Motors has been present in the Middle East geography since 1971 when trucks were first sold in Bahrain. Their vehicles are sold in the UAE, Oman ...Read more

Oman India Fertilizer Company

Oman India Fertiliser Company SAOC (OMIFCO) has been established, as the result of an initiative by the Governments of Oman & India, in order to ...Read more

State Bank of India

SBI’s Oman Operations (SBI, Muscat) were set up in 2004 with a Full Commercial Banking license. SBI has been actively involved over the years in a ...Read more
  • Chemicals

    Chemicals

    • 3rd

      largest consumer of polymers in the world

    • $304 bn

      Value of Indian chemical industry by 2025

    • 6th

      largest producer of chemicals in the world

      • 3rd largest producer of chemicals in Asia, with an estimated industry size of $ 139 bn
      • 4th largest producer of agrochemicals in the world
      • Supplies 16% of the global dyestuff and dye intermediates
      • Speciality chemicals market to reach $ 70 bn by 2020
      • Petrochemicals market expected to grow at CAGR of 10% to reach $ 100 bn by 2022
    Visit Sector 30Investible Projects
  • Food Processing

    Food Processing

    • 2nd

      largest producer of fish

    • 2nd 

      largest producer of horticulture crops

    • $828 bn

      Expected value of Indian food and retail market by 2020

      • Largest producer, consumer and exporter of spices
      • Largest producer of milk
      • 299 cold chain projects have been approved, of which 135 are operational
      • Pradhan Mantri Kisan SAMPADA Yojana, a government scheme, was formulated for creating a modern infrastructure with efficient supply chain management from farm gate to retail outlet
      • 42 upcoming Mega Food Parks under Mega Food Park Scheme
    Visit Sector 51Investible Projects
  • Financial Services

    Financial Services

    • 2nd

      Highest FinTech adoption rate globally

    • $ 5.7 bn 

      Investments in India's FinTech sector over 2014 - '18

      • FinTech software market is valued at $2.4 bn as of 2020
      • 2nd largest deal market in the APAC region in 2019 with over 1,000 private equity and venture capital pacts valued at $45 bn
      • Digital payments market is expected to reach $1 tn and digital lending in India is expected to be $100 bn by 2023
    Visit Sector
  • Healthcare

    Healthcare

    • 3 mn

      eSanjeevani telemedicine consultations

    • 1 mn

      Skilled healthcare workers by 2022

    • $350 mn

      India's surgical robotics market by 2025

      • Healthcare industry in India is projected to reach $372 bn by 2022
      • By 2022, the diagnostics market is expected to grow at a CAGR of 20.4% to reach $32 bn from $5 bn in 2012
      • During 2015-20, the in-patient market is expected to grow at a CAGR of 13%
      • Over the next 10 years, National Digital Health Blueprint can unlock incremental economic value of over $200 bn for the health sector.
    Visit Sector 541Investible Projects
  • Oil & Gas

    Oil & Gas

    • 2nd

      Largest refiner in Asia

    • 3rd

      Largest consumer of crude oil and petroleum products

    • 4th

      Largest importer of liquefied natural gas (LNG)

      • India is the largest exporter of petroleum products in Asia
      • Its the 3rd largest consumer of energy and oil in the world after China and the US
      • 16,788 km of operational natural gas pipelines and 14,239 km gas pipelines are under development
    Visit Sector 1Investible Projects
  • Renewable Energy

    Renewable Energy

    • 4th

      Largest installed wind capacity

    • 5th

      Largest installed solar capacity 

    • 5th

      Largest installed renewable energy capacity 

      • India has the largest renewable energy expansion plan globally 
      • It's home to the world's largest solar plant (648 MW) and solar park (2 GW)
      • India is also ranked the 2nd most attractive renewable energy market in 2017
    Visit Sector 485Investible Projects
  • Pharma

    Pharmaceuticals

    • 3rd

      Largest pharmaceuticals industry by volume

    • #1

      Largest producer of vaccines 

    • 20%

      Share in global pharmaceutical supplies by volume

      • India is currently the 4th largest medical device market in Asia
      • Bio-Pharma is the largest sub-sector contributing to 62% of the total sectoral revenue
      • India is expected to become the 3rd largest pharmaceuticals market by 2020 in terms of incremental growth
    Visit Sector 8Investible Projects
  • Ports & Shipping

    Ports & Shipping

    • 16th

      Largest maritime nation

    • 12

      Major ports

    • 200

      Non-major and intermediate ports

      • India has a coastline of nearly 7,517 km
      • Maritime transport in India handles 95% of the trade by volume
      • Seaborne trade in India has grown at twice the global growth rate of 3.3%
    Visit Sector 160Investible Projects
  • Construction

    Construction

    • 100

      Smart cities by 2020

    • 2nd

      Largest FDI recipient sector for India since 2017

    • 3rd

      Largest construction market globally by 2025

      • India's construction sector is expected to record a CAGR of 15.7% to reach $ 738.5 bn by 2022
      • The industry contributes 55% share in the steel industry, 15% in the paint industry and 30% in the glass industry
      • The construction sector is the 2nd largest employer in India in 2017
    Visit Sector 724Investible Projects

Investible Projects

Explore Opportunities

  •  
    Projects

    5853

  •  
    Opportunity

    $ 126.83 bn

  •  
    Promoters

    1265

  •  
    District

    655

  •  
    Private Projects

    175

  •  
    Govt. Projects

    5678

Recent Investments

SVP

SVP Global Ventures Ltd in Oman

SVP Global Ventures Ltd set up a plant in Oman at an investment of $300 mn. It is in the Sohar Free Zone exempting them from income tax. They also received port facilities with priority for movement of raw material containers and finished goods.

Oman India Joint Investment Fund (OIJIF)

OIJIF sells stake in Prince Pipes and Fittings for $4.8 mn

Oman India Joint Investment Fund (OIJIF), a joint venture between Oman’s sovereign wealth fund, State General Reserve Fund, and State Bank of India. OIJIF sold a 0.7% stake in PVC pipe manufacturer Prince Pipes and Fittings for $4.8 mn, a return of 2.27 times.

OIJIF

OIJIF buys stake in DCB Bank

Oman India Joint Investment Fund II (OIJIF) acquired 1.63% stake in Mumbai based DCB Bank valued at INR 42 crore through a bulk deal.

Oman India Joint Investment Fund II buys 9.9% in Capital SFB for Rs 84 cr

Oman India Joint Investment Fund II buys 9.9% in Capital SFB

Oman India Joint Investment Fund II (OIJIF) invested INR 84 crore for a 9.90% stake in Punjab-based in Capital Small Finance Bank. 

About Oman Team

The Oman Team at Invest India aims to facilitate and assist Omani companies in their expansion plans into India. Working closely with various stakeholders including states and regulatory authorities, we bring to you a seamless experience in kick-starting your business in India.

Key Functions:

  • Entire spectrum of investment promotion – research, outreach, promotion, facilitation and aftercare
  • Initiating, attracting, facilitating and handholding Omani investments across sectors
  • Providing information on investment opportunities across sectors and in specific projects 
  • Extending holistic support to the small and medium enterprises from Oman with India interest
     

Team Advantages

  • Expediting license approval

    Expediting license approval

  • Provide policy advocacy

    Provide policy advocacy

  • Location assessment

    Location assessment

  • Business advisory

    Business advisory

  • Issue redressal

    Issue redressal

Brochures

About Us

Invest India

The one stop-shop to ensure your success in India

Our Prestigious Awards

We are the most awarded IPA in the world

  • The World's Most Innovative Investment Promotion Agency Award 2021 awarded by OCO Global

  • United Nations Conference on Trade and Development (UNCTAD) Investment Promotion Award 2020 for best practices in COVID response

  • Best Investment Project Award five years in a row - 2016 to 2020 at the Annual Investment Meeting (AIM) organized by the Ministry of Economy, UAE.

  • Great Place to Work Certification by GPTW Survey 2019

  • The UNCTAD Award 2018 for promoting investment in sustainable development

  • Great Place to Work Certification by GPTW Survey 2018

  • Investment Award 2016 from the Indian Ocean Rim Association (IORA)

  • United Nations Conference on Trade and Development (UNCTAD) Investment Promotion Award 2016 for excellence in partnering for investment promotion