Pitching Bahrain’s tax-free credentials, a key delegation of the Middle-East today sought to impress upon the Indian business the importance of investing in the country. The call is part of broader efforts to up bilateral trade. “Industrial loan in Bahrain can be as low as 5 per cent in the long term, but one has to be present there to discuss the possibilities,” Al-Hilal Group Chairman Anwar Abdulrahman, who led the business team, said while interacting with reporters and business delegates here.
The Al-Hilal group is one of the Middle-East’s leading publishing and marketing bodies. Urging the Indian corporates to invest in Bahrain, he said: “Our society is tax free, there is no taxation system at all… We have advisers who will advise the companies that want to invest in our country. We are also here to invest, it’s a two-way traffic.”
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The total trade between the two countries has been on a downhill since 2011 — USD 919 million in 2014-15 from USD 1.3 billion.
Playing the safety card, Abdulrahman said Bahrain can be a better and safer gateway for India’s Investments in the Gulf Cooperation Council (GCC) region. He added: “We have widened the invitation directly to a number of companies in Bahrain and welcome their positive response.”