New Delhi, Sep 12 (FN Agency) The Bahrain Economic Development Board (Bahrain EDB) on Thursday said that three Indian companies across manufacturing, renewable energy, and ICT sectors have proposed to invest US$16.65 million in the gulf country. The announcements were made during Bahrain EDB’s ongoing week-long visit to Mumbai, Bengaluru, and Chennai, designed to strengthen bilateral economic ties and attract foreign direct investment to Bahrain. “This cumulative investment reflects the strength and competitiveness of Bahrain’s value-proposition and fast-growing reputation as a key regional hub for leading manufacturing and niche technology firms seeking a trusted international destination for expansion,” said Noor bint Ali Alkhulaif, Minister of Sustainable Development, Chief Executive of Bahrain EDB.
As per an official media release, packaging firm Chemco is gearing up for its third expansion in Bahrain since it first announced its plans to set up its factory in Bahrain in 2013, with an aim of augmenting its rigid packaging production capacity at Bahrain International Investment Park (BIIP). “Additionally, Bhageria Industries is investing in Bahrain with plans to develop an 11.40 MW solar project,” it said. “The third company, an ICT firm, is setting up its regional headquarters in Bahrain, further strengthening the Kingdom’s growing capabilities in technology and AI. This investment will contribute to Bahrain’s ongoing efforts to build a tech-driven, intelligent economy backed by a future-ready, highly skilled talent pool,” the release further said.