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In: Economics

Discussion What the government policies are used to solve the issues on Duqm Port and Duqm...

Discussion
What the government policies are used to solve the issues on Duqm Port and Duqm Industrial zoon and your suggestion

What the government policies are used to solve the issues on Duqum Port and Duqum Industrial zoon and your suggestion?

Solutions

Expert Solution

The Duqm port in Oman which gave India a great support with it's neighbouring countries.Prime Minister of India Shri Narendra Modi taken interest in foreign policy and has done
significant investments with effort in the Middle East.

India always tried to keep friendly approaches even with Middle east countries. In 2015, there has been a tremendous growth in the number of high profile visits to and from the region.
- In 2016, former Defense Minister of India Manohar Parrikar made a visit to Muscat and discussed security and defense details. After that he signed four MoUs related to defense cooperation.
- In February 2018, during PM Shri Narendra Modi’s visited Oman,  signed an annex to the already existing MoU on military cooperation. This made Indian warships access to Duqm Port in Oman.
In February 2018 India assured path to the Duqm Port in Oman for military use and logistical
support. Prime Minister Shri Narendra Modi and the former Sultan of Oman Sayyid Qaboos bin
Said Al Said signed an annexure to the MoU on Military cooperation among these two countries. The services of Duqm Port and dry dock, were made available for the maintenance of Indian military uses.
In the Port of Duqm SEZ, Sebacic Oman, an Indo-Oman joint venture is undertaking a USD 1.2
billion project to make the largest sebacic acid plant in the Middle East zone.
Thus it became an agreement to develop Little India, an integrated tourism complex project of approximately US$748 million.


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