India and Oman Launch Third Tranche of Joint Investment Fund

On 16th December, 2023, India and Oman unveiled the third tranche of a joint investment fund, amounting to approximately USD 300 million, aimed at strengthening economic cooperation. The announcement came following discussions between Indian Prime Minister and Sultan of Oman.

Key Points

  • Oman-India Joint Investment Fund Details: The fund is a 50-50 joint venture between the State Bank of India and the Oman Investment Authority, directing investments into India's fastest-growing sectors.
  • India-Oman Joint Vision Document: A new vision document, titled 'India-Oman joint vision, a partnership for the future,' outlines cooperation in ten diverse areas, including maritime, connectivity, energy security, space, digital ....
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