India-Oman free trade pact to give new energy to bilateral ties: PM Modi

Prime Minister Narendra Modi on Thursday said the Comprehensive Economic Partnership Agreement (CEPA) between India and Oman will give new confidence and energy to the bilateral relations. Speaking at the India-Oman Business Summit here, the visiting Prime Minister said the summit will give a new direction to the India-Oman partnership. "Today, we are taking such a historic decision, the echo of which will be heard for many decades to come. Comprehensive Economic Partnership Agreement that is, CEPA, will give our partnership new confidence and new energy in the 21st century," the prime minister said. He said India's nature has always been progressive and self-driven. Whenever India grows, it helps its friends grow as well, Modi said and added India is progressing towards becoming the world's third-largest economy. "This is beneficial for the entire world. However, it is even more beneficial for Oman because, in addition to being close friends, we are also maritime neighbours. Our