Jordan seens as building bridges with other markets

King Abdullah II Al Hussein has told Indian investors of new opportunities following Jordan’s Free Trade Agreements (FTAs) with the US, Canada, EU and the Arab countries.

Addressing industry leaders at a business meeting held in his honour, the King of Jordan highlighted huge scope for collaborative ventures between Jordanian and Indian companies in the fields of ICT and agri-business.

“Let’s get things done; do not be bashful in talking to my ministers about the problems you face”, he told representatives of Indian industry.

He also promised a liberal regime for visiting Indians and business persons and offered to solve any challenge faced by the visitors that was brought to the notice of the Indian embassy in Amman.

The business meeting as organized by the Federation of Indian Chambers of Commerce and Industry (FICCI), Confederation of Indian Industry (CII) and ASSOCHAM in New Delhi on 28 Feb 2018.

Commerce and Industry Suresh Prabhu added “We consider Jordan as a friendly, welcoming and forward-looking country capable of building bridges with other countries.”

He said the onus was now on the businesses of both countries to leverage creative ideas especially in tourism and entertainment sectors.

It would then be the job of the two governments to take the relationship forward, said Prabhu.

The profile of foreign trade was changing globally but it was important to remember that if global trade grows it benefits all, he underlined.

V. S. Sahney, Co-Chair, India-Jordan Joint Business Council, pointed out the need to diversify joint trade in a bid to raise the trade target from the current US$1.3 billion to US$5 billion by 2025.

Sandeep Jajodia, President, ASSOCHAM, called on the Indian businesses to take advantage of Jordan’s strategic location and FTAs by making the Kingdom a hub of textile exports from India.

Jordan, he said, offers promising opportunities for the businesses of both sides, especially in new areas of common interest such as education and research, maritime, air and rail transport, renewable energy, smart grid development, IT, higher education and vocational training.

S. Swaminathan, Member-CII & India Jordan Business Forum, said Jordan was a hub for tapping other countries in Europe and America.

Nine corporate Memoranda of Understanding (MoUs) were signed during the India-Jordan Business Forum organized by FICCI and the Jordan Chamber of Commerce (JoCC) on 28 Feb 2018.

These were:

Arab Potash Co., Jordan & Indian Potash Limited (IPL);
Arab Potash Co., Jordan & Zuari Agro Chemicals Limited;
Jordan Phosphate Mines Company Plc (JPMC) & Indian Farmers Fertiliser Cooperative Ltd. (IFFCO);
Jordan Phosphate Mines Company Plc (JPMC) & Vedanta in transactions related to Rock Phosphate and Sulphuric Acid;
Jordan Phosphate Mines Company Plc (JPMC) & Wilson International Pte Ltd, Greenstar Fertilisers Ltd;
Jordan Phosphate Mines Company Plc (JPMC) & Indian Potash Ltd. (IPL);
Jordan Phosphate Mines Company Plc (JPMC) & Adani Enterprises Ltd;
Jordan Phosphate Mines Company Plc (JPMC) & Smartchem Technologies Limited (STL
DECCAN water treatment PVT Ltd and Mohammed Yassin Kilani & Partners Co.

-/fii-news.com