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India and Oman volition endeavour to instrumentality the India-Oman escaped commercialized agreement, signed connected December 18, wrong the adjacent 3 months, Commerce and Industry Minister Piyush Goyal said connected Friday (December 19, 2025).
Watch: ‘Signing of the India–Oman CEPA a large milestone’
Under the Comprehensive Economic Partnership Agreement (CEPA), Oman has offered zero-duty entree connected implicit 98 of its tariff lines oregon merchandise categories, covering 99.38% of India's exports to the Gulf country.
All large labour-intensive sectors, including gems and jewellery, textiles, leather, footwear, sports goods, plastics, furniture, cultivation products, engineering products, pharmaceuticals, aesculapian devices and automobiles, volition pull nil duty. These goods, astatine present, pull import duties successful the scope of 5-100% successful Oman.
On the different hand, India is offering work concessions connected 77.79% of its full tariff lines (12,556), which covers 94.81% of India's imports from Oman by value.
The Oman-U.S. commercialized woody was finalised successful 2006, but was implemented successful January 2009. "The Oman Minister and I person discussed that this agreement, we volition effort to operationalise wrong 3 months," Mr. Goyal told reporters successful New Delhi.
When asked astir the areas wherever Indian businesses tin put successful Oman, Mr. Goyal said sectors similar steel, energy, education, and healthcare clasp immense potential.
"Those which necessitate earthy resources volition beryllium the ones [where Indian firms would similar to invest]. A ample alloy concern is coming up for producing greenish steel," Mr. Goyal said, adding that determination is simply a batch of involvement successful Oman to collaborate with India due to the fact that they person ample onshore banks.
One tin research concern successful the vigor sector, wherever vigor tin beryllium converted into greenish hydrogen oregon greenish ammonia and exported to the remainder of the world, which volition supply Indians an accidental for exports and make jobs for Indian people, Mr. Goyal pointed out.
"There is simply a immense magnitude of imaginable for processing of ample volumes of marble...huge amounts of concern interests successful education, healthcare...some radical are besides looking astatine artillery manufacturing successful Oman," Mr. Goyal said. Oman's businesses, too, are precise excited astir collaborating with Indian businesses, helium said.
"Already, we person received involvement from an Omani dairy to person a associated task with Amul," Mr. Goyal said, adding that helium has invited Omani firms and the Sovereign Wealth Fund to put successful India.
