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India intends to double trade with Arab world: official
NEW DELHI, Feb. 9 (Xinhua) -- India has expressed its intention to double bilateral trade with the Arab world from the present 114 billion U.S. dollars by 2014, the local daily The Hindu Tuesday quoted a senior Indian official as saying. The newspaper quo
NEW DELHI, Feb. 9 (Xinhua) -- India has expressed its intention to double bilateral trade with the Arab world from the present 114 billion U.S. dollars by 2014, the local daily The Hindu Tuesday quoted a senior Indian official as saying.
The newspaper quoted Indian Minister of Commerce and Industry Anand Sharma as making the statement Monday while inaugurating the 2nd India-Arab Investment Projects Conclave here which is organized by the Federation of Indian Chambers of Commerce and Industry (FICCC).
Sharma also called on Arab countries to make investment in India in ship building, infrastructure, pharmaceutical, IT, agro- processing and energy, said the report.
Deputy Secretary General of the Arab League, Ahmed Benhelli said at the occasion that there were huge opportunities in the region for investments, and both India and Arab world should cooperate with each other in enhancing economic ties already existing in infrastructure, human resources development, health and tourism, according to the report.
Indian Minister of State for External Affairs Shashi Tharoor also said that the market opening pact between India and the Gulf Cooperation Council should be concluded at the earliest to strengthen trade between the two sides.
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