India-Oman CEPA Key to Boosting Economic Ties, Says CII DG Chandrajit Banerjee
New Delhi: The India-Oman Comprehensive Economic Partnership Agreement (CEPA) is a crucial step toward strengthening India’s economic engagement with a key Gulf partner, according to Chandrajit Banerjee, Director General of the Confederation of Indian Industry.
Congratulating the government on the agreement, Banerjee said the pact will significantly enhance market access and trade facilitation for Indian businesses. He noted that the CEPA creates a supportive framework for services, investment, technology collaboration and professional mobility, all of which are vital for sustained economic growth.
Banerjee highlighted that the agreement is expected to catalyse bilateral trade and investment across multiple sectors, including green energy and agri-innovation startups. He added that such collaboration would contribute to improved competitiveness, job creation and long-term economic cooperation between the two countries.
The CII Director General said the agreement reflects India’s evolving trade strategy focused on mutually beneficial partnerships. According to him, the India-Oman CEPA aligns with the broader objective of supporting export growth, encouraging investment-led development and fostering trusted economic cooperation with strategic partners in the region.
Oman is seen as an important gateway for India’s engagement in the Gulf, and the agreement is expected to deepen economic ties while opening new opportunities for Indian industry
Our Final Thoughts
The India-Oman CEPA underscores India’s push to build deeper economic partnerships in the Gulf region. By expanding access for goods, services and investment, the agreement offers Indian businesses a platform to grow in emerging sectors such as green energy and agri-innovation. As global trade dynamics evolve, such focused partnerships can help India diversify export markets and strengthen long-term economic resilience.