JSPL, Amul likely to be initial investors in Oman

NEW DELHI: Naveen Jindal’s JSPL and Amul are likely to be among the initial investors in Oman, taking advantage of the boost in bilateral ties with India due to the trade deal, and employment opportunities for Indians in the Gulf state.“Already, we have received interest from an Omani dairy to have a joint venture with Amul,” commerce & industry minister Piyush Goyal told reporters, adding that he has invited companies from there and the Sovereign Wealth Fund to invest in India.Elaborating on job opportunities for Indians in entities there, some of which will be through co-location, the minister said: “They have also given us an assurance that wherever Indians are investing in Oman...They

will allow other than Omani residents...100% Indian employees. So, a little bit of employees will be Omanese, the rest can all be Indians… we (Indian investors) will not have to have diverse nationalities or take people from other nations.

So, our investments will provide jobs to our people.”He said that the trade agreement is likely to be operationalised within three months and Oman has for the first time lifted the ban on the export of marble slabs, which will then be processed in India. “It will provide jobs to our brothers and sisters here and reduce imports from Türkiye.”