Tuesday, 18 June 2019 01:29 GMT

Jordan- JIC seeks closer investment ties with India

(MENAFN - Jordan News Agency) Amman Feb. 17 (Petra) -- Jordan Investment Commission (JIC) President Thabet Al Wir and the Indian Ambassador to Jordan Anil Trigunayat on Wednesday discussed ways to further boost economic ties between Jordan and India.

In a JIC statement Al Wir said that Jordan-Indo ties are "distinguished and deep-rooted" in various domains especially the economic ones as the south Asian nation is considered an important trade partner of the Kingdom.

He noted that India is the third largest economic partner of Jordan after the U.S. and China.

Al Wir pointed out that phosphate is Jordan's main export to the Indian market and called on companies to take advantage of Jordanians economic and investment promising sectors including renewable energy information technology services and infrastructure as these fields are open for investment.

Also he emphasized all facilities will be provided to Indian investments coming to Jordan.

The envoy described his country's ties with Jordan as "historic and outstanding" at all levels and considered the Kingdom a strategic partner and role model for regional countries.

He said his country is one of the largest investors in Jordan in the field of fertilizers and textile and the third largest trade partner of Jordan.

India the envoy said looks forward to increasing trade volume between the two countries to $5 billion by 2025 which currently stands at $2.2 billion.

He also indicated that his country allocated a total of $100 million in soft loans to implement ventures in Jordan and bolster economic cooperation.

17/2/2016 - 02:11:55 PM " />

Jordan- JIC seeks closer investment ties with India

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