Investment Bridge Built

TDT | Manama

Email : pradeep@newsofbahrain.com

The Bahrain India Society (BIS) and the Bahrain Chamber of Commerce and Industry (BCCI) held a strategic meeting at the Chamber’s headquarters to enhance commercial and economic cooperation between the Kingdom of Bahrain and the Republic of India. BIS Chairman Abdulrahman Juma and BCCI Chairman Nabeel Kanoo led the discussions, emphasizing the need to transform historical bilateral relations into concrete business initiatives.

A primary outcome of the meeting was the decision to form a Joint Committee and a dedicated working group to define priorities and create a structured roadmap for future collaboration. One critical topic discussed was the urgent need to finalize a Double Taxation Avoidance Agreement (DTAA) between Bahrain and India, especially since corporate income tax is set to become a reality in Bahrain.

The leaders also focused on reviewing existing Memoranda of Understanding to identify new areas of synergy and investment opportunities. The BIS highlighted its commitment to working with the Economic Development Board (EDB) to ensure that trade leads are successfully converted into tangible investments within Bahrain.

Beyond traditional trade, the meeting explored creative avenues for engagement, including sports-related initiatives such as cricket. Both organizations reaffirmed their commitment to supporting business delegations and exchange programs to ensure sustained growth and added value for the private sectors in both nations.

"This meeting reflects the shared commitment of both organizations to further strengthen Bahrain–India economic relations," stated Abdulrahman Juma, President of the Bahrain India Society. "We look forward to working closely with the Bahrain Chamber to support trade, investment, and private-sector engagement".

The meeting concluded with a presentation by BIS Vice Chairman Mr. Balu on future initiatives and a vote of thanks by Treasurer Mr. Vijay Bolor, reaffirming both parties' dedication to a sustainable strategic partnership.