Bahrain Secures $16.65 Million Investment From Indian Firms

The Bahrain Economic Development Board (Bahrain EDB) has obtained $16.65 million in investment commitments from three prominent Indian companies in manufacturing, renewable energy, and ICT. This announcement was made during a visit to Mumbai, Bengaluru, and Chennai aimed at boosting bilateral economic ties and attracting foreign direct investment to Bahrain.

The Bahrain Economic Development Board (Bahrain EDB) has successfully secured investment commitments totaling USD 16.65 million from three prominent India-based companies.

The announcement came during Bahrain EDB's ongoing visit to Mumbai, Bengaluru, and Chennai, part of a strategy to enhance bilateral economic relations and attract foreign direct investment.

H E Noor bint Ali Alkhulaif, Minister of Sustainable Development and Chief Executive of Bahrain EDB, emphasized the historic economic ties between India and Bahrain, dating back 5,000 years. 'These investments demonstrate Bahrain's competitiveness and growing reputation as a top destination for manufacturing, technology, and renewable energy firms,' she said.

Among the companies, Chemco is expanding its rigid packaging production at Bahrain International Investment Park. Bhageria Industries is launching an 11.40 MW solar project, while an ICT firm is establishing its regional headquarters, boosting Bahrain's technological capabilities.

India's FDI stock in Bahrain has surged by 36.6% from 2019 to 2023, reaching USD 1.52 billion in 2023.

(With inputs from agencies.)