India, Bahrain to hold talks on expanding economic ties

India, Bahrain to hold talks on expanding economic ties

Dubai: A high-level Indian delegation led by Minister of State for External Affairs E. Ahamed would hold talks with Bahrain officials here Wednesday on expanding bilateral economic ties.

The meeting of Indo-Bahrain Joint Committee for Economic and Technical Cooperation is likely to pave the way for the establishment of new joint venture projects.

Ahamed, who arrived in Bahrain Tuesday, said the meeting would identify new areas of cooperation between the two countries.

“Last three meetings were held at the under secretary -level, and for the first time it is held at the ministerial level, with private sector participation," the minister said.

“The meeting has special significance as it is held following the landmark visit of Crown Prince and BDF Commander-in-Chief Shaikh Salman bin Hamad Al Khalifa to India in March this year, which saw the opening of the Bahrain Embassy in New Delhi," he added.

Ahamed’s Bahraini counterpart Dr Nazar Al Baharna, said: “The joint committee was in a stagnant position for several years and we are happy to see it being revived."

He said: “We are confident that new joint venture business, service and investment projects will take shape after the meeting."

The Indian official delegation has representatives from the Ministries of External Affairs, Commerce, Industry, Petroleum and Natural Gas, and Overseas Indian Affairs. The business delegation also includes around 20 representatives from public sector undertakings as well as private sector companies.