February 18, 2014
Manama, Kingdom of Bahrain: In line with the historical visit of His Majesty King Hamad bin Isa Al Khalifa to the Republic of India, Bahrain’s Ministry of Industry and Commerce (MOIC) and Economic Development Board (EDB) are, this week, coordinating a business delegation visit to Delhi and Mumbai with the aim of boosting investment between the two countries.
Accompanying His Majesty King Hamad bin Isa Al Khalifa, will be a delegation including Ministers, government officials and high profile members of the Bahrain business community who will arrive in New Delhi to conduct several meetings before travelling to Mumbai for a business seminar hosted alongside the Confederation of Indian Industry (CII) on 21st February.
H.E. Dr. Hassan Fakhro, Minister of Industry and Commerce, said: “the bilateral relations between the Kingdom and the Republic of India extends which goes beyond commercial trade as characterized to include cultural and political side over the history of Bahrain.
He added: “the Kingdom provides an ideal gateway for Indian businesses seeking to access the GCC and wider MENA region markets, as well as offering free trade access to the United States. Given this, we are pleased to be returning to the country to build on our friendship and explore opportunities for greater cooperation and partnership.”
Speaking ahead of the visit, H.E. Kamal bin Ahmed, Minister of Transportation and Acting Chief Executive of the EDB said: “It is a great pleasure to be visiting India again and we look forward to the opportunity to build on the excellent ties between our two countries, especially with our aim to strengthen the bilateral business relations following the directives of His Majesty the King. These meetings are an excellent example of the importance of partnerships to enable countries to flourish in the modern global economy.
“Indian businesses are expanding and increasingly looking to invest internationally in order to continue that growth. With the market opportunities in the GCC, there is excellent potential for both sides to gain by working together.”
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Notes to editors
About The Bahrain Economic Development Board (EDB)
The Bahrain Economic Development Board (EDB) is a dynamic public agency with an overall responsibility for attracting inward investment into Bahrain, and is focusing on target economic sectors in which the Kingdom offers significant strengths.
Key areas of focus include manufacturing, ICT, and logistics and transport services as well as other sub-sectors. The Financial Services sector in Bahrain is particularly strong and the EDB supports in the continuing growth of the banking industry and key sub-sectors, including Islamic Finance, Asset Management, Insurance and Re-Insurance.
For more information on the Bahrain EDB visit www.bahrainedb.com; for information about Bahrain visit www.bahrain.com
Further information
Basma Al Zamil, Bahrain Economic Development Board
Tel: +973 17589 936
Email: internationalmedia@bahrainedb.com
Basma Al Zamil, Bahrain Economic Development Board
Tel: +973 17589 936
Email: internationalmedia@bahrainedb.com
