The Government of the Sultanate of Oman and the Government of the Republic of India (hereinafter referred to as the "Contracting Party"); 

Desiring to create conditions favourable for fostering greater investment by investors of one State in the territory of the other State; 

Recognising that the encouragement and reciprocal protection under international agreement of such investment will be conducive to the stimulation of individual business initiative and will increase prosperity in both States; 

Have agreed as follows: