Muscat, Dec 18: Prime Minister Narendra Modi declared the Comprehensive Economic Partnership Agreement (CEPA) with Oman a landmark pact poised to inject “new confidence and energy” into 21st-century relations, echoing for decades at the India-Oman Business Summit. He positioned the deal as redirecting the partnership, underscoring India’s progressive ethos that lifts friends alongside its rise toward third-largest global economy status—yielding mutual gains, especially for maritime neighbor Oman with deep-rooted trust and market synergy.
Modi invited Omani firms to join India’s high-octane growth narrative, crediting 11 years of policy overhauls and “economic DNA” transformation via reforms like GST and IBC. Bilateral trade hit USD 10.5 billion in 2024-25 (exports USD 4B, imports USD 6.54B), set for acceleration under CEPA during his two-day visit—bolstering strategic maritime, business, and people-to-people bonds amid India’s global ascent.
