Submitted To: Sarvoday College of Management & Technology (Limbdi) IN PARTIAL FULFILLMENT OF THE REQUIREMENTS OF THE AWARD FOR THE DEGREE OF “MASTER OF BUSINESS ADMINISTRATION ” IN UNDER THE GUIDANCE OF PALAK TRIVEDI (ASSISTANT PROF. OF SCMT) SUBMITTED BY : Group 1 Group2 Ghanchi Karishma M. Koradiya Nitin. S : 117570592008 Vasoya Komal.M Kad Mahesh. R. : 117570592010 Zala Aditiba.N Dhandhukiya Ankit.B : 117570592012 Chudasama Yogiraj M Chauhan Nilam. : 117570592013 Ranghadiya Jitesh.K Chauhan Vaishali. A : 107570592017 Trivedi Bhavesh.J Zala Jaypalsinh.C : 117570592014 GUJARAT TECHNOLOGICAL UNIVERSITY AHMEDABAD (2011-2013) 1 Declaration We, hereby declare that the report for global/country study report entitled. In OMAN is a result for our own work and indebtedness to other work publications, Reference, if any, have been duly acknowledged. PLACE: DATE: Group 1 NAME: signature: Koradiya Nitin. S (117570592008) Kad Mahesh. R. (117570592010) Dhandhukiya Ankit.B (117570592012) Chauhan Nilam. (117570592013) Chauhan Vaishali. A (107570592017) Zala Jaypalsinh.C (117570592014) Group 2 Koradiya Nitin. S (117570592008) Kad Mahesh. R. (117570592010) Dhandhukiya Ankit.B (117570592012) Chauhan Nilam. (117570592013) Chauhan Vaishali. A (107570592017) Zala Jaypalsinh.C (117570592014) 2 Preface During the last decade’s management as a discipline has attached the attention of many academics to a very great extent. The basic reason behind this phenomenon is the growing importance of management in the day to day life of the people today the society has a large and complex situation with many people working together and manage them efficiently has been must. With the help of M.B.A. curriculum all the student are getting theoretical and practical knowledge. The major objecting for preparing a global project report is to complete course requirement which is compulsory for us. The one is to develop communication skill both oral and written to make a direct interaction and also improve our analytical skill students can gained experience during the global country project report by substantive knowledge through integration of literature and methodology. For all this aspect we have chosen OMAN country to easily understand operation management and import-export strategies. 3 Acknowledgement We are writing this report during the global country project report in the program of Master of Business Administration at the operation management and import export strategies of OMAN. It has been a great challenge but plenty of learning and opportunities to gain hung knowledge of the way writing this report we would not survived these without Mrs. Palak Trivedi our amazing faculty guide who seemed to be with us always prepared to give us feedback and guideline whenever we needed. We also would like to thank all our friends, our colleagues and that entire person whom we meet in this period for all feedback and help which they provided to us and of course to Sarvoday College of Management and Technology, Limbdi. 4 Executive Summary This is an attempt to provide the global overview of Oman country including Present Trade Relations & Business Volume of Different Products with India/Gujarat, Financial Markets, and Industry Trade & Commerce etc. The purpose behind this study is to determine the Trade Relations with Oman & its impact on Indian Economy. The demographic segmentation divides customers into segments divided based on age, gender, family size, family life cycle, income, occupation, education, religion, generation, social class and nationality. The Public expenditure on education as a percent of GDP is 3.9. The GDP of Oman is growing 4.7% each in 2010 and 2011. The grow the of GDP is depend on new tax lows, new privatization laws, enhancing non oil sector and creating a market friendly. The nominal GDP increased 10.5% during the period of 2005-2009. We have also studied six economic sectors of Oman namely Conglomerate, Financials, Oil & Gas, Industrials, Telecommunications & Travel & Leisure. Under Sultan Qaboos, who overthrew his father in 1970, Oman has followed a path of careful and gradual development and modernization. The decision-making process remains uncontested; the sultan enjoys absolute power in governance. Oman’s political sector has limited freedom. In 1970’s Oman Become a United Country. Oman Peninsula Going Back To About 1000 B.C. Sultan Qaboos Have Come In Power On His Hand In 1970. Qaboos Reserved His Father’s Conservative Policies. 19 th century Oman had established an empire that included Zanzibar and Baluchistan now Its called Tanzania and Pakistan. A bilateral free trade agreement with the United States went into effect in January 2009. Export partner of Oman includes China, south Korea, Japan, U.S., U.A.E., Iran & its Import partner includes U.A.E., Japan, Germany & India. Oman is the second biggest investor in India. And it also records that Oman’s FDI has also grown from $24 million to $340 million in 2012. The government did not demonstrate a trend toward either improvement or deterioration in respect for and protection of the right to religious freedom. 5 Key Topics Covered in the Report: • Demographic Profile of Oman • Economic overview of Oman • Overview of Industry, Trade & Commerce • Overview of Different Economic Sectors of Oman • Overview of Business & Trade At International Level • Present Trade Relations & Business Volume of Different Products with India/Gujarat. • Overview of Financial Market • WTO & Other Trade Unions & Its Impact on Commerce & Industry of Oman. We have conducted the brief study on global overview of Oman country for purposes like Economic Overview, Trade relations with Oman. In the light of the above, the present study, “A Global/Country Study & Report on Oman” has been conducted. 6 HISTORY Overview of Oman • Oman's Names The name of the Oman derived from the word ‘muzn’ which means abundant flowing water. The primary name of the country is Magan it is derived from the name of the Oman’s ancient copper mines. The Oman is believed to originate from the Arab tribes who migrated to its territory from Uman state of the Yemen. The capital of the Oman is Muscat. The some area of the Oman was controlled by the Portuguese from 1508 to 1659. The country established its close ties with Britain in the late 18 th century. In around 630 AD the first people of Omanis to accept Islam voluntarily. The prophet Muhammed sent his envoy Amr ibn Al As to meet Jaifar and Abd, the joint people of Oman at that time to invite them to accept the faith. After the accepting Islam Oman became an Ibadhi state. Sohar was one of the great and largest cities in the Arab world then by the middle Ages Oman had established itself as a prosperous seafaring nation, sending draws from its great port at Sohar to trade with merchants in far flung destination. The 16 th century the powerful Portugese trading empire sought to extend its influence and reduce Oman’s control over the thriving Arabian Sea and Indian ocean routes. Oman entered an era of prosperity at home and abroad, and many of the sultanate’s historic building and forts date from during the Yoruba period (1624- 1744). In 19 th century Oman most of the trading and seafaring activities with the East Africa because there are many similar Islam are lived in East Africa’s coastal areas and specific areas of the central Africa. The people of Oman also carried the message of Islam with them to China and the Asian ports. During the initial years of the Islamic mission Oman played a major role in the wars of Apostasy that occurred after the death of the Muhammed 7 TABLE OF CONTENTS Sr No. Particulars Page No. Preface 3 Acknowledgement 4 Executive Summary 5 History 7 1 Demographic Profile of the Oman 9 Economic Overview of Oman 12 Overview of Industry, Trade and commerce 15 Overview of Different Economic Sector of 18 Oman Overview of Business and Trade at 21 International Level Present Trade Relation and Business Volume 26 of different Products in India/Gujarat PESTEL Analysis 32 Financial Market in Oman 36 2 Group – I 32 3 Group - II 88 8 9 Demographic profile Demographic Segmentation, which is considered the most common one that deals with basic The demographic segmentation divides customers into segments divided based on age, gender, family size, family life cycle, income, occupation, education, religion, generation, social class and nationality. The main demographic segmentation variables are summarized below 1. Population Population: 3,090,150 (July 2012) note: includes 577,293 non-nationals 2. Age Age structure: 0-14 years: 31.2% (male 484,292/female 460,066) 15-64 years : 65.7% (male 1,133,329/female 856,701) 65 years and over : 3.1% (male 47,786/female 45,785) (2011) 3. Population growth rate: 2.043% (2011) 4. Birth rate: 24.33 births/1,000 population (2011) 5. Death rate: 3.42 deaths/1,000 population (July 2011) 6. Net migration rate: 0.47 migrant(s)/1,000 populations 7. Major cities - population: MUSCAT (capital) 634,000 (2009) 8. Sex ratio: At birth : 1.05 male(s)/female under 15 years : 1.05 male(s)/female 15-64 years : 1.31 male(s)/female 65 years and over : 1.03 male(s)/female total population : 1.22 male(s)/female (2011 est.) 10 9. Total fertility rate: 2.87 children born/woman (2011) 10. Infant mortality rate Total : 14.95 deaths/1,000 live births Male : 15.25 deaths/1,000 live births Female : 14.63 deaths/1,000 live births (2011) 11. Life expectancy at birth Total population : 74.47 years Male : 72.61 years Female : 76.43 years (2011) 12. Religions : Ibadhi Muslim (official) 75%, other (Sunni Muslim, Shia Muslim, And Hindu) 25% 13. Languages: Arabic (official), English, Baluchi, Urdu, Indian dialects 14.