AMMAN —
Jordanian Businessmen Association (JBA) President Hamdi Tabbaa discussed with Indian Ambassador Anwar Haleem
investment opportunities in India, mainly in the Uttar Pradesh state, according
to the Jordan News Agency, Petra.
اضافة اعلان
During a seminar organized by the JBA in cooperation
with the embassy, Tabbaa noted that Jordan has historical economic relations
with India, as commercial partnerships between the business communities on both
sides are constantly developing, and the trade volume between the two countries
amounting to about $1.4 billion in 2020.
He pointed to the many successful
Indian ventures in
Jordan, which took advantage of the competitive Jordanian investment
environment, as Indian investments in the garment and phosphate sectors are
estimated at $1.3 billion and India ranks tenth among countries with
investments in the Amman Stock Exchange at the value of $572 million.
Tabbaa said there are about 25 Indian garment
factories with an investment volume of about $300 million that employ some
10,000 workers.
He also pointed to the cooperation agreements that
Jordanian universities have signed with the Indian side, including information
technology and cybersecurity training programs.
The Indian envoy commended the JBA’s efforts with
the embassy to promote economic ties, and voiced hope that trade exchange
between the two countries will improve, particularly after the coronavirus
pandemic.
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