India -Oman Cooperation

In News 

  • Recently ,the Minister of External Affairs of India met his Oman counterpart and discussed growing cooperation in various fields including defence, energy, space and science and technology.

Key Highlights of the Meeting

  • The two ministers reviewed cooperation in areas such as politics, economy, energy, investment, science and technology and humanitarian issues. 
  • They focused on defence and maritime security cooperation during talks including the exchange of white shipping information to increase maritime domain awareness
  • They agreed to “initiate the exchange of white shipping information expeditiously to increase the maritime domain awareness” of both sides.
  • In the field of trade, the two ministers agreed to finalise negotiations of a bilateral protocol on investment and avoidance of double taxation and prevention of fiscal evasion with respect to taxes on income at an early date.
  • They also looked at ways to enhance trade and investment for post-pandemic recovery.
  • They also agreed to step up cooperation between India’s National Green Hydrogen Mission and Oman’s plans to position itself as a global hub for green hydrogen and green ammonia.

India-Oman Relations

  • Bilateral Relations:
    • Oman is a strategic partner of India and an important interlocutor at the Gulf Cooperation Council (GCC), Arab League and Indian Ocean Rim Association (IORA) fora.
    • India and Oman are linked by geography, history , culture and enjoy warm and cordial relations.
    • The people-to-people contact between India and Oman can be traced back 5000 years, diplomatic relations were established in 1955
    • The historical India-Oman bilateral ties were transformed into a strategic partnership in November 2008.
  • Economic & Commercial Relations:
    • Both India and Oman accord high priority to strengthening economic and commercial relations between the two countries.
    • Economic cooperation between India and Oman is reviewed through the institutional mechanism of the Indo-Oman Joint Commission Meeting (JCM).
    • India is among Oman’s top trading partners, during 2019-20, bilateral trade was US$ 5.93 billion.
    • For Oman, India was the 3rd largest (after UAE and China) source for its imports and 3rd largest market (after UAE and Saudi Arabia) for its non-oil exports in 2018. 
    • Major items of Indian exports are: mineral fuels and products of their distillation, textiles, machinery, electrical items, chemicals, iron and steel, tea, coffee, spices, rice and meat products and seafood. 
    • Among major Indian imports are: urea, LNG, polypropylene, lubricating oil, dates and chromite ore.
    • Various Indian financial institutions and PSUs have their presence in Oman.
  • Cultural Cooperation:
    • India and Oman have close cultural relations.
    • Indian Social Club and its various regional, linguistic and sports wings actively promote Indian Culture in Oman, celebrating National Days, Festivals and Cultural diversity of India. 
    • Yoga is quite popular in Oman, especially among expatriates and local youth. 
    • The Embassy organised many events in 2019 to celebrate the 150th Birth Anniversary of Mahatma Gandhi and the 550th Birth Anniversary of Guru Nanak Dev ji
  • Defence Cooperation: 
    • It is a key pillar to India’s West Asia Policy with the most robust defence & security cooperation mechanisms.
    • There has been regular exchange of visits by Defence Ministers of both sides. 
    • India and Oman conduct regular biennial bilateral exercises between all three services. 
      • Army exercise: Al Najah
      • Air Force exercise: Eastern Bridge
      • Naval Exercise: Naseem Al Bahr
  • Maritime Cooperation:
    • Oman is at the gateway of Strait of Hormuz through which India imports one-fifth of its oil imports.
    • India signed a pact with the country in 2018 to access the Duqm port of Oman.
      • The Indian Navy is able to use the facilities at Duqm port in Oman following the signing of a pact between the two countries
      • The port will act as India’s entry point for wider West Asia and Eastern Africa, a welcome development at a time when China has deployed strategic assets in the Indian Ocean Region,
  • The Port of Duqm is situated on the southeastern seaboard of Oman, overlooking the Arabian Sea and the Indian Ocean. It is strategically located, in close proximity to the Chabahar port in Iran.

Image Courtesy: TOI

  • Indian Diaspora:
    • There are about 7,00,000 Indians in Oman, of which about 5,67,000 are workers and professionals (June 2020). 
    • There are Indian families living in Oman for more than 150-200 years. 
    • Thousands of Indians are working as doctors, engineers, chartered accountants, teachers, lecturers, nurses, managers, etc.

Source:HT

 

Other News of the Day

In News  Recently, the Reserve Bank of India (RBI) governor inaugurated the Reserve Bank Innovation Hub (RBIH) in Bengaluru which is intended to encourage and nurture financial innovation in a sustainable manner through an institutional set-up. About RBIH It has been set up as a Section 8 company under the Companies Act, 2013 with an...
Read More

In News  The 2021 World Air Quality Report was released, the report presented an overview of the state of global air quality in 2021. About IQAir, a Swiss group that measures air quality levels based on the concentration of Particulate Matter (PM) 2.5. IQAir endeavours to engage, educate, and inspire governments, researchers, Non-Government Organisations, companies,...
Read More

In Context The pure time-preference theory of interest is an economic theory that seeks to explain the phenomenon of interest.  About Pure Time Preference Theory American economist Frank Fetter was the best-known proponent of the pure time-preference theory in the 20th century through his 1904 book The Principles of Economics.  It states that interest arises...
Read More

In News The Polar Science and Cryosphere (PACER) scheme has been approved for continuation during 2021-2026. About Pacer Initiative The Polar Science and Cryosphere Research (PACER) scheme comprises the Antarctic program, Indian Arctic program, Southern Ocean program and Cryosphere and Climate program. Implementation: It is implemented through National Centre for Polar and Ocean Research (NCPOR),...
Read More

In News  The Defence Acquisition Council (DAC) cleared the Acceptance of Necessity (AoN) for procurement of a GSAT 7B satellite, along with equipment like Night Sight (image intensifier), 4X4 light vehicles, and Air Defence Fire Control Radar (light). What are the GSAT 7 series satellites? GSAT 7 satellites are advanced satellites developed by the Indian...
Read More

In News A recent report titled “Building Digital Skills for the Changing Workforce” has stated that about 7% of India’s workforce will need digital skills training in the coming years. What are Digital Skills? They are broadly defined as the skills needed to “use digital devices, communication applications, and networks to access and manage information,”...
Read More

In News High levels of lead were found in the blood of thousands of children living around the Kabwe mine in Zambia. About Kabwe Location: Kabwe is located about 150 kilometers north of the country’s capital Lusaka. Kabwe is the capital of the Zambian Central Province. Named Broken Hill until 1966: it was founded when...
Read More

In News Recently, the Centre cleared nine names, including two from Jammu and Kashmir which were earlier reiterated by the Supreme Court collegium. Collegium System in India History: The Collegium of judges is the Supreme Court’s invention.  No mention in the constitution: It does not figure in the Constitution, which says judges of the Supreme...
Read More