India on Tuesday highlighted the chances for cooperation with Jordan in key sectors resembling digital infrastructure, prescribed drugs, infrastructure, meals parks and inexperienced mobility, with Prime Minister Narendra Modi emphasising the necessity to construct on the historic belief between the 2 international locations and future financial alternatives.
Modi and King Abdullah II collectively addressed the India-Jordan Enterprise Discussion board in Amman, a day after the PM proposed the doubling of bilateral commerce to $5 billion over the following 5 years. Each leaders pointed to the necessity to improve business-to-business ties and referred to as on the trade from each side to transform potential into progress.
India is Jordan’s third largest buying and selling companion and bilateral commerce was price $2.88 billion in 2023-24, with Indian exports amounting to$1.47 billion. India imports fertilisers and phosphates from Jordan and exports electrical equipment, cereals, frozen meat, chemical substances, petroleum merchandise, and automotive elements.
Modi famous that historic belief and future financial alternatives meet seamlessly in India-Jordan ties and mentioned: “Jordan’s power is geography and India has each ability and scale. When these two strengths come collectively, it is going to present new alternatives for the youth of each international locations.”
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King Abdullah mentioned Jordan’s free commerce agreements and India’s financial energy might be mixed to create an financial hall between South Asia and West Asia and past.
Modi urged Indian corporations to take up King Abdullah’s name to entry markets within the US and Canada by Jordan.
Modi emphasised a number of sectors of mutual cooperation, together with digital public infrastructure and IT, the place India’s experience might be helpful to Jordan. India’s frameworks such because the Unified Funds Interface (UPI) might be built-in with Jordan’s programs and the 2 sides may also collaborate in fintech, health-tech, and agri-tech.
The 2 sides may also collaborate in prescribed drugs and medical units. “Indian corporations in Jordan ought to manufacture medicines and medical units…Jordan may also turn into a dependable hub for West Asia and Africa,” he mentioned. India’s expertise in farming in dry climates could make a distinction in Jordan and the 2 sides can work collectively to construct chilly chains, meals parks and storage amenities.
Referring to King Abdullah’s imaginative and prescient of constructing railways and next-generation infrastructure, Modi assured him that India corporations are “succesful and keen to grasp his imaginative and prescient”. The 2 sides may also collaborate in inexperienced progress and clear power to unlock Jordan’s huge potential, he mentioned.
“Jordan’s power is geography, and India has each ability and scale. When these two strengths come collectively, it is going to present new alternatives for the youth of each international locations,” Modi mentioned.
The India-Jordan Enterprise Discussion board, which was the ultimate occasion in Modi’s go to, was joined by enterprise leaders from each international locations in fields resembling infrastructure, well being, prescribed drugs, fertilisers, renewable power, textiles, logistics, vehicle and defence.
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