1.3 billion dollars, the volume of Indian investments in Jordan

Ammon – The Indian Ambassador to Amman, Anwar Halim, confirmed that Jordan and India’s trade exchanges, from April 2022 until the end of April of this year, reached their highest levels, reaching $4.425 billion, recording an exceptional growth of 63 percent.

On the occasion of the 77th anniversary of his country’s independence, Ambassador Halim said that India is an extended partner to Jordan in the supply of foodstuffs, mechanical and electrical goods, engineering products, precious stones, jewellery, petroleum products and leather, while Jordan is a large and reliable supplier of fertilizers, phosphates, phosphoric acid and others to India, which is the largest importer of phosphates from Jordan.

He noted that the two countries have set a trade target of $5 billion to reach it by 2025, and agreed to further diversify the trade basket.

Halim indicated that the volume of Indian investments in phosphate and textiles in Jordan is more than $1.3 billion, noting that the Jordan Phosphate Mines Company (JPMC) and the Indian Fertilizer Farmers Cooperative Association (IFFCO) established a joint venture worth $860 million to manufacture phosphoric acid, which was inaugurated from Kissed by King Abdullah II and President of India Pranab Mukherjee during the Indian President’s visit to Jordan in 2015.

He pointed out that the Arab Phosphate and Potash Company recently signed memoranda of understanding and agreements with a number of Indian fertilizer companies and manufacturers at a value of $2.5 billion, as there are more than 15 clothing companies owned by Indians, with cumulative investments of about $500 million in the qualified industrial zones, and all products are being exported The final out of Jordan worth more than a billion dollars worth of clothing.

The ambassador said that India considers Jordan an important partner in the region as the two countries strive for global peace and stability, are committed to pluralism and share common interests in international forums, pointing to the importance of His Majesty the King’s visit to India, and the visit of the Indian Prime Minister to Jordan in signing a large number of agreements and promoting Cooperation in various fields.
He noted that the two countries have strengthened their relations in the field of technology and education in recent years, as the India-Jordan Center of Excellence in Information Technology (IJ-CoEIT), which is the latest second-generation IT facility, was established by the Ministry of External Affairs and fully funded by the Indian government in Al-Hussein Technical University, indicating that the center is equipped with supercomputers, and provides training for Jordanian experts and professionals in a variety of fields of information technology, as it is supposed to train 3,000 Jordanian specialized experts within 5 years.

In response to a question, he indicated that there are more than 17,000 Indians residing in Jordan working in textiles, construction, manufacturing, fertilizer companies, the health care sector, universities, information technology, finance and international organizations.

He referred to the cooperation between the two countries in the field of combating terrorism, and that India is an active participant in the Aqaba Dialogue, stressing the importance of the Aqaba Dialogue in facilitating a comprehensive dialogue in the field of combating terrorism between the stakeholders.

Ambassador Halim stated that India will host the G20 summit next September under the slogan “One Earth, One Family, One Future”, which symbolizes hope and our goal of uniting the world for the common good to form a new model – centered on people and globalization. To be the voice of developing countries in the G20 platform on issues such as sustainable lifestyles, food security, energy transition, the use of digital technology for development and inclusiveness, inclusive development and others.

Petra – Saleh Al-Khawaldeh

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