The Ministry of Investment and the Global India Business Forum organized an investment forum in New Delhi on Wednesday, with the wide participation of Indian businessmen, the Jordanian Businessmen Association (JBA), and the Jordanian Embassy in New Delhi.
The forum was held on the sidelines of the 6th India-Arab Partnership Conference currently held in New Delhi, and was organized by the Arab League, the Federation of Indian Chambers of Commerce and Industry, the Union of Arab Chambers, and the Federation of Arab Businessmen, with the participation of Arab and Indian businesspeople.
In a statement, the Ministry of Investment said its 2023-2026 investment promotion strategy focused on the Indian market to attract high-value investments that provide more job opportunities and increase national exports and economic growth rates, which is a main goal of the 2033 economic modernization vision.
Bilal Hammouri, Director of the Promotion Directorate at the ministry said Indian investments are of added value to the national economy, amounting to about $1.3 billion in the sectors of fertilizers, mining, garment and knitwear, noting that the volume of trade between the two countries reached $2.3 billion in 2022.
He spoke about Jordan’s investment privileges, including legislation, free trade agreements with many world countries, political stability and security, qualified manpower and high-quality university education.
Managing Director of JBA Tariq Hijazi affirmed the association’s readiness to cooperate with the Indian private sector through launching joint projects in both countries.
Managing Director of JBA Tariq Hijazi affirmed the association’s readiness to cooperate with the Indian private sector through launching joint projects in both countries.
On the sidelines of the forum, a joint Jordanian-Indian business council was formed by the JBA and the Global India Business Forum to advance investment relations between the business communities in both nations.