Indian investments in Jordan reach $1.3b — Saqqaf

AMMAN — India is one of the most important investors in the Jordanian market, as the volume of Indian investments has reached more than $1.3 billion. 

The volume of trade exchange between the two countries hit more than $1.9 billion in 2021, Minister of Investment Kholoud Al Saqqaf said on Saturday.

During a virtual meeting organised by the Ministry of Investment in cooperation with the Jordanian embassy in India, the Global Indian Business Forum (GIBF) and the Jordanian Businessmen Association (JBA), Saqqaf said that Jordanian-Indian relations continuously boost and deliver cooperation outcomes, notably in investment and trade. 

The meeting featured the participation of more than 35 Indian companies, according to a ministry statement.  

Urging the Indian companies to invest in Jordan, the minister reviewed the promising and competitive investment opportunities in Jordan, notably in the fields of IT, renewable energy, infrastructure, tourism, medical and health services, industry and the mining sector, inviting them to avail of the free trade agreements that Jordan has signed with the US, Europe and Arab countries.

GIBF Chairman Jitendra Joshi expressed keenness to increase partnerships, highlighting ongoing coordination with the Jordanian embassy in India and sectoral associations in Jordan.