Mangalore, October 15, 2014 – The Federation of Indian Export Organisations (FIEO) is expecting the India-UAE bilateral trade to touch $80 billion in 2014-15, according to Walter D’Souza, Chairman of FIEO (Federation of Indian Export Organisations), Southern Region.D’Souza, who is a Mangalore-based cashew exporter, is leading an Indian delegation of over 100 exporters to the ‘India Expo 2014’, the trade exhibition and international buyer-seller meet, which will begin in Dubai on October 15.
D’Souza told Business Line that India Expo would help facilitate foreign trade in excess of $20 billion.
The UAE has been emerging as an important destination for Indian merchandise exports in the past few years. Bilateral trade between the two countries has grown from $43.46 billion in 2009-10 to over $60 billion in 2013-14. He said India was the UAE’s top trading partner in 2013, representing 10 per cent share of the total foreign trade of the emirate.
Dubai is also emerging as the most potential destination for re-exports to the Gulf countries and the African continent.
He said the buyer-seller meet would facilitate one-to-one interactions for the Indian exporters and enhance the bilateral trade. Over 100 Indian exporters from various sectors will exhibit their merchandise to over 350 registered importers from the Gulf countries, African region, Turkey and Pakistan.
Stating that a focussed trade meet is being organised by FIEO for the first time in the UAE, he said sectors such as agri commodities, spices, processed food, wellness and beauty products, building and construction material, non-leather footwear, printing and packaging, readymade garments, textiles, handloom and handicrafts, jute products, animal feed and IT solutions are covered in the meet. Business Line
