(MENAFN) Omani Export Development acting director general, Faris Nasser Al Farsi, stated that Public Authority for Investment Promotion and Export Development (PAIPED) conducted market studies in target markets in plans of increasing the country's non-oil Omani origin exports, reported Times of Oman.
Al Farsi also said that the main market which PAIPED targeted was India. He pointed out that the results of the studies showed that there would be a good opportunity for increasing Omani exports to India.
The acting director general also added that 21 products were short listed to be exported to India with a market value of around USD24.91 billion. He pointed out that polypropylene, flexible packaging films, plastic pipes, marble and edible oil made up 55 percent of the market of the 21 products.
It is worth noting that Oman's non-oil exports to India have more than quadrupled in the five year period between 2005 and 2010 to USD837.7 million up from USD181.32 million.