PM Modi arrives Oman, exchanges perspectives with Deputy PM on bilateral ties
Muscat (PTI): Prime Minister Narendra Modi on Wednesday interacted with Oman's Deputy Prime Minister for Defence Affairs Sayyid Shihab bin Tariq Al Said and exchanged perspectives on friendship between the two countries.
Modi, who arrived here on a two-day visit during which he will hold talks with the Gulf nation's top leadership and is expected to sign an ambitious trade deal, said his trip offers an opportunity to explore new avenues of collaboration and add fresh momentum to the bilateral partnership.
He was warmly welcomed by Sayyid Shihab at the airport and was accorded a ceremonial welcome.
"Landed in Muscat, Oman. This is a land of enduring friendship and deep historical connections with India. This visit offers an opportunity to explore new avenues of collaboration and add fresh momentum to our partnership," Modi said in a social media post.
Modi is visiting Oman at the invitation of Sultan Haitham bin Tarik. This is his second visit to the Gulf nation.
"Extremely grateful to HH Sayyid Shihab bin Tariq Al Said, Oman’s Deputy Prime Minister for Defence Affairs, for the warm welcome at Muscat airport. We also had a great interaction, exchanging perspectives on India-Oman friendship," Modi said.
Modi's visit is of special significance as it marks the 70th anniversary of the establishment of diplomatic relations between the two countries.
The Prime Minister arrived here on the last leg of his three-nation tour. He earlier visited Ethiopia and Jordan.
When Modi arrived at the hotel, he was welcomed by the Indian community members. Local artists presented a traditional Omani performance. Indian artists presented colourful cultural performances, including Rajasthan's Ghoomar, Gujarati song, classical dance and Karnataka's folk dance.
He also witnessed an exhibition depicting 70 years of India-Oman diplomatic relations presented by diaspora at the hotel.
India has said that it is "very optimistic" about finalising an ambitious trade deal with Oman during the visit.
The free trade agreement between India and Oman was approved by the Union Cabinet last Friday.
Talks for the agreement, officially termed as CEPA (Comprehensive Economic Partnership Agreement), formally began in November 2023, and the negotiations concluded this year.
"We are all very optimistic about it. The teams from both sides have been working very hard for its early finalisation," Arun Chatterjee, a secretary in the Ministry of External Affairs (MEA), had said at a media briefing when asked whether the proposed India-Oman comprehensive economic partnership agreement will be inked during Modi's visit.
"We have immense faith that this agreement, if signed during this visit, will significantly deepen the economic ties between India and Oman. And it will open up a new chapter in the history of India-Oman trade and commercial relationship," he said.
During the visit, Modi will also hold discussions with Sultan Tarik on strengthening the Strategic Partnership as well as a strong commercial and economic relationship.
Modi is also scheduled to address a gathering of the Indian diaspora here.
"This visit will be an opportunity for both sides to comprehensively review the bilateral partnership, including in the areas of trade, investment, energy, defence, security, technology, agriculture and culture, as well as exchange views on regional and global issues of mutual interest," the MEA said in an earlier statement.
Oman is the third-largest export destination for India among the Gulf Cooperation Council (GCC) countries. India already has a similar agreement with another GCC member, the UAE, which came into effect in May 2022.
India-Oman bilateral trade was about USD 10.5 billion (exports USD 4 billion and imports USD 6.54 billion) in 2024-25. India's key imports are petroleum products and urea. These account for over 70 per cent of imports. Other key products are propylene and ethylene polymers, pet coke, gypsum, chemicals, iron and steel, and unwrought aluminium.
The main items of India's exports to Oman include mineral fuels, chemicals, precious metals, iron and steel, cereals, ships, boats and floating structures, electrical machinery, boilers, tea, coffee, spices, apparel, and food items.
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Commercial LPG hike: Delhi restaurant owners warn of higher menu rates, job losses
New Delhi (PTI) A day after a 50 per cent rise in commercial LPG cylinder prices, Delhi's food business, with restaurant owners and street vendors have warned of higher menu rates, financial strain and potential job losses if the trend persists.
The price of commercial LPG was hiked by a steep Rs 993 per 19 kg cylinder, marking the third consecutive monthly hike amid rising global energy prices linked to the West Asia conflict.
For many in the restaurant industry, the spike has been both sudden and steep.
Manpreet Singh, honorary treasurer of the National Restaurant Association of India, said that eateries are already grappling with supply challenges alongside rising costs.
"There is a huge difficulty in getting these cylinders, and black marketing is also increasing in many unregulated sectors," he said, noting that prices that were once around Rs 1,600, often dropping to nearly Rs 1,300 with discounts, have now surged to between Rs 3,000 and Rs 4,000 per cylinder.
He further added that a medium-sized restaurant typically uses between two and five cylinders daily, making the increase particularly burdensome as costs mount.
Singh further said that as costs mount, smaller establishments could struggle to stay afloat. Instead, the association has advised restaurants to shift towards piped natural gas connections through Indraprastha Gas Limited as a more sustainable alternative.
"If this problem continues, PNG is the only long-term solution," he said, adding that temporary measures like coal offer limited relief due to slower cooking times and that it can largely be used only for tandoors.
Echoing similar concerns, Kabir Suri, owner of Mamagoto in Khan Market, said the impact is already visible across the industry. "There has been almost a threefold increase in cylinder prices for restaurants," he said, adding that rising fuel and logistics costs are compounding the pressure.
"If this continues, it will become a significant financial burden, and food prices will inevitably go up. Adding to this burden, higher fuel costs are also affecting logistics and transportation, making a price rise unavoidable. The extent of the impact will vary between small eateries and large chains depending on their scale," he said.
Global oil prices have surged nearly 50 per cent following disruptions in energy supply chains due to the West Asia conflict, pushing up commercial fuel costs and transport expenses.
A West Delhi-based restaurateur said they are trying to manage rising costs while keeping their staff secure. "We are trying to ensure that our staff, from kitchen workers to waiters, are paid on time and do not face immediate hardship," the owner said.
"We are a small restaurant with seating for about 20 to 25 people at a time. But if this continues for long, we will have to take difficult calls. There is only so much we can absorb, and menu prices will have to go up. We hope this does not continue for a longer period," he said.
Another restaurant owner in North Delhi, who did not wish to be named, said operational adjustments alone may not be enough. "We are checking our costs very carefully and trying to cut wherever possible, but if fuel prices remain high, it will eventually affect how we run the business," the owner said.
"Coal helps in tandoor cooking, but it takes more time," the owner further added.
The strain is even more acute among street vendors, many of whom operate on thin margins. A vendor in Saket said he had recently expanded his business, moving from a mobile cart to a rented outlet.
"I have a family to feed and more responsibilities now. Earlier, I managed with a moving cart, but after renting the place, expenses increased," he said. "Whenever cylinders were unavailable, I had to buy them at higher rates in the black market. Now even regular supply is too expensive, and if this continues, we may have to shut down," he added.
In Laxmi Nagar, another vendor said they are struggling to keep the business running. "Sometimes we even used domestic cylinders from home when supply ran out because we had to keep the stall running," he said, adding that rising costs leave little choice but to increase prices or bear losses.
On April 1, the rates of commercial LPG cylinders were hiked by Rs 195.50 per cylinder, followed by a Rs 114.5 hike on March 1, taking the total increase over the past three months to Rs 1,303. With the latest revision, a 19 kg commercial LPG cylinder now costs Rs 3,371.5 in Delhi, up from Rs 2,078.5 earlier.
The prices of domestic LPG cylinders used for household cooking have remained unchanged. They were last increased by Rs 60 per 14.2 kg cylinder on March 7 and currently cost Rs 913 in Delhi.
