India's trade with UAE set to grow by 30% by 2010: Assocham
India's trade with UAE is slated to touch 25 billion dollars mark by 2010, an increase of over 30 per cent from the current level, industry body Assocham on Tuesday said.
By PTI |
NEW DELHI: India's trade with UAE is slated to touch 25 billion dollars mark by 2010, an increase of over 30 per cent from the current level, industry body Assocham on Tuesday said.
At present, the bilateral trade, excluding India's crude oil imports from the UAE, stands at 19 billion dollars.
The Assocham expected the Indo-UAE trade to grow by 30 per cent during the next two years and by 40 per cent beyond 2010.
"The trend will continue," said Assocham President Venugopal Dhoot. He said the trade volume estimated by the chamber is conservative and may exceed expectations.
In 2006-07, India's exports to UAE were 10 billion dollars while imports stood at 7.5 billion dollars.
Exports to UAE include gems and jewellery, vegetables, fruits, spices, engineering goods, tea, meat, rice, textiles, marine products, machinery and plastic products.
Dhoot, who is on a visit to Dubai with an eight-member delegation, met Prince of Sharjah Sheikh Sultan bin Mohammed bin Sultan Al Qaasimi and presented him the blueprint of trade potential.
The Assocham and Sharjah Chamber of Commerce and Industry have signed agreements for cooperation in solar energy,IT and technology park and higher education.
At present, the bilateral trade, excluding India's crude oil imports from the UAE, stands at 19 billion dollars.
The Assocham expected the Indo-UAE trade to grow by 30 per cent during the next two years and by 40 per cent beyond 2010.
"The trend will continue," said Assocham President Venugopal Dhoot. He said the trade volume estimated by the chamber is conservative and may exceed expectations.
In 2006-07, India's exports to UAE were 10 billion dollars while imports stood at 7.5 billion dollars.
Exports to UAE include gems and jewellery, vegetables, fruits, spices, engineering goods, tea, meat, rice, textiles, marine products, machinery and plastic products.
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Dhoot, who is on a visit to Dubai with an eight-member delegation, met Prince of Sharjah Sheikh Sultan bin Mohammed bin Sultan Al Qaasimi and presented him the blueprint of trade potential.
The Assocham and Sharjah Chamber of Commerce and Industry have signed agreements for cooperation in solar energy,IT and technology park and higher education.
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