Manama (Bahrain), Aug. 23 -- As many as 56 Indian businesses are in talks with Bahraini authorities to explore prospects of foraying into the kingdom, as India Prime Minister Narendra Modi arrives here on Saturday in the first ever prime ministerial visit from India.

Bilateral economic relations and co-investment across financial services, ICT and startups are expected to get a boost as a result of PM Modi's visit.

Bahrain's Economic Development Board (EDB) co-chief investment officer for financial services, ICT, startups and international offices, David Parker, told the GDN that India has been identified as one of the priority markets as part of Bahrain's drive to develop an innovation-focused, knowledge-based economy leveraging fintech,...