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India Oman CEPA PM Narendra Modi Oman Sultan Haitham bin Tariq Foreign Secretary Vinay Kwatra

New Delhi, December 16 (Language) Prime Minister Narendra Modi and Sultan Haitham bin Tariq of Oman on Saturday adopted a vision document to enhance bilateral engagement in 10 key sectors and also agreed to seal a Comprehensive Economic Partnership Agreement at the earliest. of. Both leaders stressed the need to respect the sovereignty and territorial integrity of all countries.

Following “constructive” talks between Modi and the Omani ruler, both sides announced the third tranche of USD 300 million (about Rs 2,500 crore) for the Oman-India Joint Investment Fund, which will be shared 50-50 between the state bank and the Omani government. Is an enterprise. India and Oman Investment Authorities will promote investment in the fastest growing sectors of the Indian economy.

India and Oman also signed five agreements providing cooperation in the fields of information technology, combating financial crimes, culture and the establishment of a Hindi Chair of the Indian Council for Cultural Relations in Oman.

According to Foreign, PM Modi and the Omani Sultan also discussed the situation arising out of the Hamas-Israel conflict, the challenge of terrorism as well as the greater need to achieve a two-state solution to move forward on the Palestine issue. Secretary Vinay Kwatra.

A joint statement said the two leaders strongly condemned terrorism in all its forms and agreed that there can be no justification for any act of terror for any reason.

Without any specific reference, the statement said India and Oman call on all countries to abide by international law, respect the sovereignty and territorial integrity of all countries, refrain from interfering in the internal affairs of other countries, and maintain peaceful relations. Emphasized the need to resolve conflicts. Dialogue and Diplomacy.

The Sultan of Oman arrived in Delhi on Friday on a state visit – his first visit to India as the influential Gulf country’s top leader.

“They agreed that there can be no justification for any act of terrorism for any reason. They reaffirmed their commitment to enhance cooperation to combat terrorism and to promote peace, restraint, co-existence and tolerance. Underscored the importance of promoting universal values. It is imperative to renounce all forms of violent extremism, the joint statement said.

It said the two leaders also discussed regional and international issues of mutual interest and concerns and both sides expressed a strong commitment to support efforts that promote peace and stability globally and in the region.

In his opening remarks at the delegation-level talks, Modi said India and Oman have had an “unbreakable bond of deep friendship” for centuries and the mutual proximity is not limited to geography as trade between the two sides goes back thousands of years. is coming.

“On the strength of this glorious history, we are building a bright future,” he said.

“Today we are adopting a new ‘India-Oman Joint Vision’ ‘Partnership for the Future’.

He said, “In this joint vision, concrete action points have been agreed upon in 10 different areas. I am confident that this joint vision will give a new and modern shape to our partnership.”

Modi also mentioned the ongoing negotiations on Comprehensive Economic Partnership Agreement (CEPA).

He said, “I am happy that the CEPA agreement is under discussion between the two sides. Two rounds of these talks have been successfully completed, in which many important issues have been agreed upon.”

“I hope that we will soon be able to sign this agreement, which will add a new chapter to our economic cooperation,” Modi said.

The joint statements said CEPA has the potential to advance the India-Oman partnership and achieve a higher development path that will be in line with the immense potential of the relationship.

In his remarks, Modi also mentioned Oman’s quest to qualify for the 2024 T20 Cricket World Cup. “I congratulate you on this and wish you all the best.” On the investment fund, Foreign Secretary Quatra said in a media briefing, that it was launched as a 50:50 joint venture between SBI and Oman Investment Authority, with the first tranche of USD 100 million and the second tranche of USD 200 million. Was.

Quatra said the joint vision document captures the shared vision of the leadership of Oman and India and reflects the remarkable synergy between ‘Oman Vision 2040’ and India’s development objectives under the ‘Amrit Era’.

According to the joint statement, the two leaders appreciated a proposal by India’s Ministry of Culture to recreate the voyage of a stitched ship made using ancient technology in India.

It said there are tentative plans for the ship to travel from Gujarat’s Mandvi port to Muscat sometime in 2025-26, followed by visits to other regions.

Describing the talks between Modi and the visiting leader as “broad and constructive”, Kwatra said the India-Oman vision document focuses on building partnerships in the areas of maritime cooperation and connectivity, digital payments, space, green energy, tourism, agriculture, food security. Is. And cricket.

Cooperation in clean energy will also focus on green hydrogen.

Apart from exchanging views on trade in rupee, the possibility of Oman using India’s digital payments system UPI with related Omani platforms was also discussed.

Responding to a question, Kwatra said the challenges posed by the conflict in Gaza are certainly an important element of the discussion.

On the Hamas-Israel conflict, Kwatra said, “There was a shared appreciation of the continuing challenge posed by the multiple emerging dimensions of the conflict, including the devastating humanitarian situation facing both countries.”

He said the challenge of terrorism and the greater need to achieve a two-state solution as a way forward were discussed.

“The situation there was discussed and the two leaders exchanged their views in detail about the situation there,” he said.

Asked about Oman’s strategically located Duqm port and whether India was looking at it from a maritime security perspective, Quatra did not give a direct answer but mentioned logistics cooperation.

“You know, our cooperation in the maritime sector is quite extensive. I also talked to you about the fact that both leaders identified humanitarian assistance and disaster relief.

He added, “And now relating to that aspect of disaster management as an important area of ​​cooperation, one of the key elements in maritime cooperation is always the question of logistics.”

“And I think Duqm in that sense essentially provides us with a logical basis for cooperation between the two countries in the area of ​​maritime cooperation, including humanitarian disaster relief,” he said.

India and the Sultanate of Oman are strategic partners and bilateral trade and investment relations between the two countries have been growing over the years.

(This report has been published as part of an auto-generated syndicated wire feed. Apart from the headline, there have been no edits to the copy by ABP Live.)

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