“Bahrain is the ideal location for Indian businesses to leverage on the excellent transport and communication links and Bahrain’s position within the GCC, to tap the enormous regional and wider MENA region markets. In addition to Bahrain’s Free Trade Agreement (FTA) with the United States, holds and has done for Indian businesses producing in Bahrain for the US export market,” the Minister told prospective investors and businessmen during the Forum.
“There are many companies in Bahrain already benefiting from the significant competitive advantages which duty free imports into the United States offer, and I would encourage more Indian manufacturers to take advantage of what we have to offer.
The Ministry of Industry and Commerce’s industrial policy, in support of the overall Government Vision 2030, is firmly anchored in the premise that manufacturing is important to promote economic growth and development, and a core element in that policy is making more industrial land available for future projects to support the growing demand, and to support manufacturing towards higher levels of innovation and productivity. In fact during this visit we are signing two agreements with JBF and Chemco both from India to set manufacturing in Bahrain to name but a few, some 18 MoUs or agreements were signed.