Bahrain Economic Development Board (Bahrain EDB) has recently secured investment commitments totaling USD 16.65 million from three prominent Indian companies in the manufacturing, renewable energy, and ICT sectors. This development came as a part of Bahrain EDB’s visit to Mumbai, Bengaluru, and Chennai aimed at strengthening economic ties and attracting foreign direct investment to Bahrain. H.E. Noor bint Ali Alkhulaif, Minister of Sustainable Development and Chief Executive of Bahrain EDB, highlighted the historic economic relationship between India and Bahrain, dating back to the Dilmun and Indus Valley civilizations, and emphasized Bahrain’s appeal as a regional hub for manufacturing and technology firms.
Chemco, one of the Indian companies expanding its operations in Bahrain, is planning its third expansion in the country since 2013. The company aims to enhance its production capacity at Bahrain International Investment Park to meet the increasing demand in Bahrain’s Fast-Moving Consumer Goods (FMCG) sector. Chemco, established in India in 1980, has expanded into sustainable packaging solutions and is dedicated to recycling initiatives and environmentally responsible practices. Chemco’s Managing Director, Gaurav Saraogi, expressed excitement about expanding operations in Bahrain, citing the supportive business environment and the Kingdom’s focus on sustainability.
Another Indian company, Bhageria Industries, is investing in Bahrain with an 11.40 MW solar project. Awarded a contract by APM Terminals Bahrain, Bhageria is venturing into international solar projects, showcasing Bahrain’s commitment to renewable energy. The third Indian company, an ICT firm, is establishing its regional headquarters in Bahrain, further enhancing the Kingdom’s technology and AI capabilities. These investments reflect Bahrain’s appeal to Indian companies due to its favorable business environment, strategic location, and government support.
India’s FDI stock in Bahrain has increased by 36.6% between 2019 and 2023, with an average annual addition of USD 102 million and a total FDI stock of USD 1.52 billion in 2023. Bahrain’s strong business environment and supportive government policies continue to attract significant investments from Indian companies. The Kingdom offers opportunities for growth and innovation, making it an attractive destination for foreign direct investment.
Bahrain Economic Development Board (Bahrain EDB) is an investment promotion agency responsible for attracting investment into the Kingdom and enhancing the investment climate. The organization collaborates with the government and investors to make Bahrain’s investment climate more appealing and to identify opportunities for economic growth. Bahrain EDB focuses on various sectors such as financial services, manufacturing, logistics, ICT, and tourism, leveraging Bahrain’s competitive advantages to provide significant investment opportunities. For more information on Bahrain EDB, visit their website at www.bahrainedb.com.
