Economy

India invites Bahrain to invest in power, ports, highways sectors

Ashwini Phadnis New Delhi | Updated on November 25, 2017 Published on February 20, 2014

India has invited Bahrain to invest in the power, ports, highways, supply chain, logistics and warehousing sectors.

A joint statement issued on Thursday on the occasion of the state visit of Bahrain King, Hamad bin Isa Al Khalifa, states that India conveyed to the visiting dignitary that its companies have acquired considerable experience and expertise in infrastructure development, including in power generation and transmission, civil construction, railways and metros, hospitals, airports, housing, and roads, and indicated that they were keen to contribute in the upcoming projects in Bahrain.

Bilateral trade ties

In the field of economic cooperation, the two sides noted with satisfaction the growth and progression of the bilateral trade ties with two-way non-oil trade reaching $1.268 billion in 2012-13.

Both the sides recognised the potential for greater trade and commercial exchanges and agreed to take necessary steps to provide an impetus to the bilateral trade turnover.

The King met with Prime Minister Manmohan Singh here on Wednesday during which delegation level talks were held. The two sides also welcomed the opening of a new branch of Bahrain and Kuwait Bank here shortly.

Published on February 20, 2014
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