SME Times News Bureau | 22 Dec, 2018
Exporters' association FIEO recently
said that exports of value added products from India to China is increasing.
India’s exports to China is
moving positively from 2016-17 when it grew by 13% followed by 31% growth in
2017-18, FIEO said.
India’s exports to China grew up
by about 17% in the first six months of 2018-19, more or less in line with general
trend in India’s exports, it added.
However, the sharp decline in exports of copper,
ores and minerals, zinc shows that India’s exports are moving towards value
added exports, FIEO pointed out.
India’s exports of marine products grew up by over
100%, organic chemicals by 40%, plastic & plastic products by 70%, gems
& jewellery by 60% and mechanical machineries and appliances by 20%.
The address of market access issues by agriculture
and processed food products would help in increasing India’s exports to China,
the exporters body said.
While Pharma sector has shown marginal growth, it
has huge potential as cost of medicine in China is very high and Indian cancer
drugs have already gained much acceptance in China, FIEO added.
FIEO President Ganesh Kumar Gupta reiterates
that India's exports to Iran grew by about 22% in first six months of
However, the imposition of sanction has definitely
impacted India’s exports as three months window provided by the US got over in
August, 2018, he said.