February 19, 2014 1:47 PM

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Trade and investment to be focus of Bahrain King's visit to India

India and Bahrain ties have grown over the past years and there is a tremendous potential to further enhance trade and economic co-operation between the two countries. The non-oil bilateral trade in 2012-13 between the two countries crossed US$ 1.3 billion. Bahrain is one of the sources of oil and an important trading partner for India. The two countries have close and friendly relations, characterised by shared interests, mutual trust and unique people-to-people contacts. Over 350,000 Indian nationals are working in Bahrain and contributing to the development.In this backdrop, the visit of Bahrain King to India and bilateral delegation level talks in New Delhi today are expected to give a further boost to bilateral ties. Focus is on trade and investment and the Bahrain King will address India Bahrain Business Forum organized by the CII in Mumbai today. On the sidelines of the visit, Bahrain and India are expected to set up high-profile projects and sign key trade agreements. Bahrain Midal Cables is expected to set up a factory in India to serve as a regional hub for its activities in southern Asia.Ali Rashid Al Ameen group will seal three joint venture deals in food, gas and construction. Bahrain is also expected to sign a co-operation agreement with Indian Gold and Jewellery Association and agreement on partnerships between AMEs from both the countries is on the cards.The Chairman of the Bahrain Shura Council and the former Commerce Minister , Ali Saleh told AIR that with its expertise and technology, India can reach out to the markets in the West Asia and North Africa region using Bahrain as a gateway. He also underlined the importance of taking Free trade agreement of Bahrain with the US and the Europe to expand the export potential of Indian goods.Ali Saleh recalled the age old India Bahrain ties and said the NRI community in Bahrain has been the most trusted and preferred partner in Bahrain. He said the engagement at the highest level will enhance trade and economic co-operation between the two countries.

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