PM Modi proposes to double India-Jordan trade to $5 bn in next 5 years

Amman: Prime Minister Narendra Modi on Tuesday sought to double India-Jordan bilateral trade to $ 5 billion over the next five years, as he invited Jordanian companies to take advantage of the country's high economic growth and reap handsome returns.

Modi arrived in Jordan's capital, Amman, on Monday for a two-day visit at the invitation of King Abdullah II. Jordan is the first leg of the Prime Minister's four-day, three-nation tour, which will also take him to Ethiopia and Oman. On Tuesday, Prime Minister Modi and King Abdullah II addressed the India-Jordan Business Forum here. It was also attended by Crown Prince Hussein and Jordan's Minister of Trade and Industry and Minister of Investment.

The two leaders acknowledged the importance of increasing business-to-business ties between the two countries, and called upon the industry captains from both sides to convert the potential and opportunities into growth and prosperity.

King Abdullah II noted that Jordan’s free trade agreements and India’s economic power could be combined to create an economic corridor between South Asia and West Asia and beyond.

Addressing the gathering, Modi said India's success as the fastest-growing major economy, which is on course to become the third-largest economy in the world, offers immense business opportunities for its partners in Jordan and across the globe.

"The relationship between India and Jordan is one where historical trust and future economic opportunities come together," he noted.