Bahrain Economic Development Board (EDB) recently announced a multi-city tour across India from 9th to 14th September, 2024.
The delegation led by H.E. Noor bint Ali Alkhulaif, Minister of Sustainable Development, Chief Executive of Bahrain EDB, along with other senior members of Bahrain EDB, will include a series of events and meetings to showcase investment opportunities across sectors, namely manufacturing, information and communication technology (ICT), to targeted investors.
The delegation will visit Mumbai, Bengaluru and Chennai. There are close to 10,900 Indian companies and joint ventures registered in Bahrain as of 2023 which witnessed a growth of 62 per cent since 2019 according to the Ministry of Industry and Commerce, Bahrain. Additionally, India is Bahrain's sixth-top investing country with Indian FDI stocks growing by 36.6 per cent between 2019 and 2023, adding an average of USD 102 million each year and inward FDI stocks from India reaching USD 1.52 billion in 2023, accounting for around 4 per cent of Bahrain's total FDI stock.
Indian companies including Tech Mahindra, Chemco, Electro Steel, Parle Biscuits, JBF Industries, Ultra Tech Cement, ICICI Bank, SBI Bank, and Kim's Health have established operations in Bahrain.
H.E. Noor bint Ali Alkhulaif, Minister of Sustainable Development, Chief Executive, Bahrain EDB, said, "Bahrain's strategic location in the heart of the Gulf and its proximity to India, coupled with our progressive policies and welcoming business environment, makes it an ideal hub for Indian enterprises looking at expanding their global footprint. With a robust pipeline of projects and strong interest from Indian investors, we are eager to showcase the wealth of investment opportunities Bahrain offers. This visit is a testament to our commitment to deepen bilateral ties and form strategic partnerships that will drive mutual growth and prosperity for both Bahrain and India."
