NEW DELHI: The proposed India-Oman Free Trade Agreement (FTA) will mark a major step in deepening India’s economic engagement with the Gulf region.
This would be Oman’s second FTA with an individual country and the first FTA they have done in about 20 years. The agreement is expected to enhance market access, promote investments, and strengthen cooperation across key sectors.
It will support trade diversification and supply chain resilience at a time of global economic realignment.
Indian investments in Oman have more than tripled since 2020, reaching $5 billion, spanning sectors such as green steel, green ammonia, aluminium manufacturing and logistics. These investments reflect India’s confidence in Oman as a long-term operating base.