Does PM Modi’s Visit to Jordan Signal a New Era in Business Relations?
Synopsis
Key Takeaways
- Strengthening Economic Relations: PM Modi's visit signifies a commitment to enhancing economic ties.
- New Opportunities: Various sectors, including pharmaceuticals and agriculture, are set to benefit.
- Strategic Partnership: Jordan's location enhances its role as a partner for India in the Middle East.
Amman, Dec 16 (NationPress) Prime Minister Narendra Modi’s journey to Jordan has initiated a pivotal advancement in enhancing economic and business collaborations between the two nations. Industry experts are eager to unveil new opportunities across various sectors.
During the India-Jordan Business Forum, Archana Jahagirdar, the Founder and Managing Partner of Rukam Capital, expressed that this visit has unlocked extensive avenues for cooperation.
The rich cultural heritage and breathtaking landscapes of Jordan present a robust opportunity for film and media ventures, while Indian rice is steadily gaining traction in the Jordanian market, gradually substituting imports from nations like the US and Egypt.
Jahagirdar emphasized Jordan's strategic geographic position, deeming it a vital ally for India in the region.
Florence Shoe Company Private Limited's Aqeel Panarwana echoed similar thoughts, marking the day as beneficial for trade and economic engagement between the two countries. He indicated that such high-level visits are essential for enhancing bilateral trade and reinforcing India’s status as a burgeoning global economic powerhouse.
Rasha Asfour, General Manager of the Jordan-based fintech firm Get-To-Pay, stated that the relations between India and Jordan are founded on mutual trust and shared objectives.
Asfour pointed out that Prime Minister Modi’s visit has elevated their partnership, merging Jordan’s well-regulated business landscape with India’s scale, talent, and innovation, thus creating numerous collaborative opportunities.
Earlier, in his address at the India-Jordan Business Forum, Prime Minister Modi remarked that India is progressing towards becoming the world’s third-largest economy, growing at over 8 percent. He attributed this growth to productivity-driven governance and innovation-centric policies.
The Prime Minister encouraged Jordanian investors to explore potential opportunities in India, assuring them of substantial returns.
He also highlighted the significant potential for collaboration in pharmaceuticals and medical equipment, describing healthcare as a strategic priority rather than merely a sector.
Modi stated that if Indian firms produce medicines and medical equipment in Jordan, it would not only cater to local demands but also establish Jordan as a dependable hub for Africa and West Asia.
This visit is perceived as a catalyst for deeper economic integration and a long-lasting partnership between India and Jordan.