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Home > All news > Shipping, Trade > India may have found reliable trade route beyond Strait of Hormuz with Oman trade deal

India may have found reliable trade route beyond Strait of Hormuz with Oman trade deal

2 days ago
Reading Time: 3 minutes

New Delhi: The trade pact with Oman holds strategic significance for India, as much of Muscat's coastline lies outside the Strait of Hormuz, unlike other Gulf nations, enabling it to remain a reliable trade and energy gateway for India even during regional conflicts, disruptions or geopolitical instability, think tank GTRI said on Monday.In that sense, the pact is not just a trade agreement but also an investment in India's long- term energy and economic security, it added.The Comprehensive Economic . . .

Disclaimer: This information has been collected through secondary research and Daily Shipping Times is not responsible for any errors in the same.

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