EDB concludes successful India roadshow

The Bahrain Economic Development Board (EDB) has secured investment commitments valued at just under $33 million from leading Indian companies across multiple sectors.

The announcement follows the successful conclusion of a week-long roadshow in India, aimed at strengthening economic and business ties between the two countries.

Led by Sustainable Development Minister and EDB chief executive Noor Alkhulaif, the roadshow spanned across Mumbai, Bengaluru, and Chennai.

The EDB hosted several events to showcase investment opportunities in Bahrain’s manufacturing and ICT sectors. In Mumbai, an exclusive event was held at the Taj Mahal Palace in collaboration with the Confederation of Indian Industry (CII).

Two forums were held to highlight Bahrain’s investment landscape and discuss expansion opportunities. The first was held in Mumbai, and the second was held at The Leela Palace Bengaluru in partnership with Grant Thornton.

Bahrain and India enjoy strong bilateral and economic ties. India is one of Bahrain’s top 6 investing partners, with India’s FDI stock in Bahrain reaching over $1.5 billion in 2023.

In August, The Indian Hotels Company (IHCL) announced the launch of two luxury properties in Bahrain under its iconic Taj brand.

Bahrain remains committed to fostering a supportive ecosystem for investors, with forward-looking policies aimed at simplifying business operations and offering unique competitive advantages. These factors, combined with a highly skilled, bi-lingual, and diverse talent pool, advanced infrastructure, and strategic location, continue to cement Bahrain as an attractive destination for global investors.

Source: https://www.gdnonline.com/Details/1332896