Dubai exports to India rise 81% in 2007
Dubai has reported a whopping 81.3 per cent increase in exports of non-oil products to India in 2007.
By PTI |
DUBAI: Dubai has reported a whopping 81.3 per cent increase in exports of non-oil products to India in 2007.
Dubai's total non-oil exports in 2007 grew by 43 per cent with exports of Rs 1,802 billion compared to 1,260 billion in 2006, a growth of 43 per cent, official figures said.
"Exports to India soared to 59.93 billion in 2007 compared to 33 billion in 2006, an increase of 81 per cent," said Dubai Chamber of Commerce and Industry yesterday while releasing a list of value of exports of non-oil products by its members for the year 2006 and 2007.
Obaid Humaid Al Tayer, Chairman of Dubai Chamber said, "This dramatic increase is directly attributed to the hard work of all its members and Dubai Chamber's efficiency in opening up new global markets and providing the opportunity of meeting up existing and fresh trade delegations while exposing the businesses to a whole new world of open door business policy."
After the erratic pattern in 2004 and sluggish growth in 2005, exports appeared to gather momentum beginning in 2006 but reached an all-time high in the year 2007.
Iran and Saudi Arabia emerged as the major destinations of exports. More than 75 per cent of exports were destined to Gulf countries and Iran.
"The report goes in line with Dubai Chamber's strategy of providing members with economic statistics and information to help them improve their businesses. This rise reflects Dubai Chamber's efforts in facilitating exporting procedures for members and stakeholders," said Al Tayer.
Dubai's total non-oil exports in 2007 grew by 43 per cent with exports of Rs 1,802 billion compared to 1,260 billion in 2006, a growth of 43 per cent, official figures said.
"Exports to India soared to 59.93 billion in 2007 compared to 33 billion in 2006, an increase of 81 per cent," said Dubai Chamber of Commerce and Industry yesterday while releasing a list of value of exports of non-oil products by its members for the year 2006 and 2007.
Obaid Humaid Al Tayer, Chairman of Dubai Chamber said, "This dramatic increase is directly attributed to the hard work of all its members and Dubai Chamber's efficiency in opening up new global markets and providing the opportunity of meeting up existing and fresh trade delegations while exposing the businesses to a whole new world of open door business policy."
After the erratic pattern in 2004 and sluggish growth in 2005, exports appeared to gather momentum beginning in 2006 but reached an all-time high in the year 2007.
Iran and Saudi Arabia emerged as the major destinations of exports. More than 75 per cent of exports were destined to Gulf countries and Iran.
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"The report goes in line with Dubai Chamber's strategy of providing members with economic statistics and information to help them improve their businesses. This rise reflects Dubai Chamber's efforts in facilitating exporting procedures for members and stakeholders," said Al Tayer.
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