While contact between India and Oman can be traced back 5,000 years, diplomatic relations were established in 1955.
US$7.5bn is estimated investment of Indian enterprises in Oman
Defence, energy have been key pillars in Oman-India partnership
US$534.4mn in Omani investment has come it India over 2000-20
Oman is India's strategic partner in GCC, Arab League and IORA
Bilateral trade in 2020-2021
FDI inflows from April 2000 to March 2021
Indians currently live in Oman
In 2018, India was the second largest (after China) importer of oil from Oman and imported 21,908 barrels.
Oman has made importing and exporting faster by upgrading infrastructure and introducing necessary audits.
Oman has strengthened minority investor protections by increasing shareholder rights as well as clarifying control.
Oman offers opportunities in agriculture, healthcare, infrastructure, tourism, chemicals & fertilizers, education, oil & gas and mining.
Around 6 per cent growth expected in 2020 as Oman significantly raises investment in the Khazzan gas field (as per World Bank).
India's Exports and Imports to Oman
Source: Department of Commerce
Values in US $ Millions
|3||India’s Total Export||310,338.48||262,291.09||275,852.43||303,526.16||330,078.09|
|8||India’s Total Import||448,033.41||381,007.76||384,357.03||465,580.99||514,078.42|
|13||India’s Total Trade||758,371.89||643,298.84||660,209.46||769,107.15||844,156.51|
|17||India’s Trade Balance||-137,694.93||-118,716.67||-108,504.60||-162,054.83||-184,000.33|
Mixtures of juices, unfermented & not cont. added spirit, whether or not co … (200990)agriexchange.apeda.gov.in
Cuts & edible offal of species Gallus domesticus, frozen (020714)
Meat of fowls of species Gallus domesticus, not cut in pieces, frozen (020712)
Bread, pastry, cakes, biscuits & oth. bakers’ wares n.e.s. in Ch.19, whethe … (190590)agriexchange.apeda.gov.in
OTHER WHEAT AND MESLIN (100199)
Semi-milled/wholly milled rice, whether or not polished/glazed (100630)
Chocolate & oth. food preps. cont. cocoa (excl. of 1806.20-1806.32) (180690)agriexchange.apeda.gov.in
Milk & cream, concentrated (excl. in powder), unsweetened (040291)
Milk in powder/granules/oth. solid form, unsweetened, fat content by wt. >1 … (040221)
Crustaceans; frozen, shrimps and prawns, excluding cold water varieties, in shell or not, smoked, cooked or not before or during smoking; in shell, cooked by steaming or by boiling in water (030617)
Fish preparations; cabiar (160431)
Fish preparations; tunas, skipjack and Atlantic bonito (sarda spp.), prepared or preserved, whole or in pieces (but not minced) (160414)
Fish; fresh or chilled, n.e.c. in heading 0302, excluding fillets, livers, roes, and other fish meat of heading 0304 (030289)
Fish; frozen, n.e.c. in heading 0303, excluding fillets, livers, roes, and other fish meat of heading 0304 (030389)
*Information subject to changes amid the global COVID-19 pandemic.
Oman’s Ministry of manpower has provided many services for employees such as Human Recourses Management System and Salaries Sort and Classification.
In recent years, the Government of Oman has been pushing for Omanisation, limiting recruitment of expatriates. In January 2018, Oman had restricted hiring of expat workers in 87 job roles in sectors such as Information & Technology, Accounting & Finance, Marketing & Sales, Administration & Human Resources, Insurance, Information/Media Professions, Medical professions, Airport professions, Engineering professions and Technical Professions. The decision, initially imposed for six months, has since been extended for similar periods and is still in vogue.
There are about 800,000 Indians in Oman, of which about 666,000 are workers and professionals. Thousands of Indians are working as doctors, engineers, chartered accountants, teachers, lecturers, nurses, managers, among others.
Work and Employment: Oman Portal
More Info: Visa Types Information
Public and private infrastructure building, maintenance
The construction industry in Oman is anticipated to grow at a CAGR of 6% over 2019-24. Construction of civic infrastructure and connectivity projects has largely been supported by foreign workers at different levels in Oman.Ministry of HousingAdjustment of non-Omani workforce data
Doctors, nurses, radiologists, lab technicians
Oman Government has steadily augmented the health sector with the employment of technology as well as making services more accessible. Oman attracts large number of healthcare workers ranging from doctors to nurses and lab technicians.Ministry of HealthAdjustment of non-Omani workforce data
Culinary, server, personalcare, hotel, tour and travel staffing
The hospitality sector in Oman is anticipated to expand at a CAGR of 7.5% to cross US$1 billion by 2022, as per Alpen Capital. The hospitality sector in Oman, ranging from hotels to tourism to personal care, employs foreign workers.Oman TourismAdjustment of non-Omani workforce data
Software, hardware, new technology in telecoms and communications
Digitisation of government services as well as other essential services has opened up new opportunities in Oman’s ICT industry. The IT and ICT infrastructure in Oman has been set up and is supported by foreign workers.Ministry of Transport and CommunicationsInformation Technology Authority of OmanAdjustment of non-Omani workforce data
Faculty positions up to uninversity
Investment in education has seen a 130% jump in Oman over the past decade, as per the National Centre for Statistics and Information. The education sector in Oman, ranging from schools to universities draw foreign teaching staff from different disciplines.Ministry of Higher EducationMinistry of EducationAdjustment of non-Omani workforce data
Production: Laterite (Iron Ore) 551,306 tonnes
Reserve: Laterite (Iron Ore) 525 million tonnesNCSI.Gov.Om
Here are the leading sectors of opportunities for foreign investors
Oman India Fertilizer Company in Sur is a US$969m joint venture
Larsen & Toubro's Modular Fabrication Yard L.L.C has made significant investments in Sohar
TVS Chennai’s Dunes has invested in manufacturing projects in Salalah
Has a US$1.2b sebacic acid plant in Middle-East
India-Oman Joint Investment Fund (OIJIF) is a JV to invest in India