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What Is India News Service
Thursday, February 01, 2007



 

 

 

   India’s Saudi Export Up by 28%

  Since the visit of Saudi Arabia King Abdullah to India last January, Indian exports to that nations has jumped 28 per cent valued at USD 3.44 billon with packaged food items being the largest exported but experts say that this is vastly below potential.
 

 

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Since the visit of Saudi Arabia King Abdullah to India last January, Indian exports to that nations has jumped 28 per cent valued at USD 3.44 billon with packaged food items being the largest exported but experts say that this is vastly below potential. Riyadh Chamber of Commerce and Industry (RCCI) Secretary General Hussein Al-Athel said that only since Abdullah’s visit has “awareness about India’s potential” has been built. Moreover, the awareness has been centered on the Information Technology sector.

Al-Athel also said that while the awareness was being built and there is recognition of Indian strengths in IT and education, there were still great gaps in businesses and investor understanding of potential in India. He called for trade shows and seminars for Saudi businessmen to showcase India and spread awareness.

Almost all agree that Abdullah’s visit laid the foundation to boost bilateral trade and relationship. India is actively courting Saudi investors to form joint ventures with Indian counterparts especially in the infrastructure sector.

More News Analysis on Saudi Arabia

 

 

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