Indian SMEs Boost Business in Bahrain
Over the years, Bahrain has maintained a steady economic growth prompting several foreign investors to explore its business environment. Bahrain's free economy status in the Gulf region and a diversified industrial landscape are factors responsible for its attractiveness as a destination for large-scale investments. In recent times, a growing number of Indian SMEs are entering the Bahraini market to capitalise on the opportunities available for growth.
India's total trade with Bahrain has increased substantially in the past few years. Notably, total trade between the two countries stood at around $1,081 million in 2007-08. India has been a major exporter of textile, fruits, machinery, iron and steel, paper, rubber and leather products to Bahrain. Alternately, Bahrain has exported oil, chemicals, pharmaceuticals, base metals, iron and plastic products to India.
Bahrain's liberal tax structure that exempts all companies, except those in the oil and gas sector, from paying corporate taxes is the biggest draw for most foreign investment companies. In addition, Bahrain offers access to a highly skilled workforce, which makes it more lucrative for trade and
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