Oman Courts Indian Jewellers with Lucrative Offer to Set Up Manufacturing Bases

Oman Jewellery News: Strategic Partnership Takes Shape

In a significant step toward deepening economic ties between Oman and India, Oman’s Minister of Commerce, Industry, and Investment Promotion, HE Qais Mohammed Al Yousef, has extended an open invitation to leading Indian jewellers to establish manufacturing bases in Oman. During a high-profile meeting held in Mumbai and co-hosted with the India Gems and Jewellery Council, the minister unveiled a comprehensive roadmap packed with incentives aimed at making Oman a prime destination for jewellery production.

Oman is wooing Indian jewellery manufacturers to set up base in the country
Image Credit: StockShots

HE Al Yousef highlighted Oman’s strategic geographic location as a key advantage. The nation boasts world-class ports such as Duqm, Sohar, and Salalah, all located near major international shipping lanes and connected through a highly developed road infrastructure. These advantages, coupled with Oman’s favourable regulatory climate and robust free trade agreements, create an ideal environment for Indian businesses looking to expand internationally. As this Oman Jewellery News report explains, discussions are also in advanced stages regarding the India-Oman Comprehensive Economic Partnership Agreement (CEPA), which promises to further strengthen bilateral trade.

Incentives Designed for Growth

The minister assured Indian jewellers that setting up operations in Oman is now more streamlined than ever. Foreign investors can remotely establish companies without being physically present in the country. Oman also offers tax-free zones, easy import of raw materials for export-oriented units, and access to industrial estates tailored for international ventures. A notable benefit includes a residency programme for foreigners who purchase properties larger than 5,000 square feet.

HE Al Yousef acknowledged concerns raised over Oman’s 35% in-country value addition requirement, particularly in the context of the jewellery sector, where Indian exporters usually operate under a much lower threshold. He assured the audience that this policy is under review and emphasized its negotiability, especially for industries focused on exports.

Gradual Integration and Support

The minister further introduced Oman’s flexible “Omanisation” employment policy, which recommends a 30-35% local workforce but allows businesses to meet these targets over time. Investors were also encouraged to visit Oman’s industrial zones to explore firsthand the extensive opportunities and infrastructure available. For exports to GCC countries, industrial or economic zones are ideal, while local sales from free zones incur a modest 5% customs duty.

To facilitate foreign investment and ensure seamless operations, Oman has established the “Invest Oman Lounge”—a centralized support hub linked to 15 different government entities, offering investors a one-stop solution for all administrative and regulatory needs.

Broader Vision for Trade and Investment

Several other high-ranking Omani officials also participated in the Mumbai event, including Mariya Al Hashar from the Oman National Programme for Private Sector and Foreign Trade (Nazdaher), Abdullah Al Rawahi from the Ministry of Commerce, Industry and Investment Promotion, and Jamil Albalushi, the Consul General of Oman in Mumbai. Their collective message was clear—Oman is ready to welcome Indian jewellers with open arms and long-term support.

With Oman’s rapidly growing infrastructure, simplified business protocols, and access to international markets via multiple FTAs, Indian jewellers have a unique opportunity to expand their footprint. The initiative also builds upon a 5,000-year-old relationship between the two nations that has always been grounded in people-to-people connections and mutual respect.

This latest outreach by Oman could very well be a game-changer for Indian jewellery manufacturers looking to diversify and scale globally in a secure and business-friendly environment.

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