SME Times News Bureau | 07 Jun, 2018
exports to China in 2017 increased by 40 percent to $16.34
billion, said export
association Federation of
Indian Export Organisations (FIEO) said on Wednesday.
rare novelty of the bilateral trade otherwise dominated by Chinese
exports was about 40 percent increase of Indian exports to China in
2017 totalling to $16.34 billion," said
FIEO in a press statement.
has thus seen a major breakthrough in its exports to China in the
recent past, it added.
China, closer to
home, therefore, has proved to be one of the major destinations for
Indian exports under the current global trade scenario and an obvious
immediate alternate to Indiaâs traditional markets USA &
Europe, FIEO said.
an objective to further enhance trade and also encourage small and
medium enterprises to establish trade linkages with China, FIEO is
participating in the 5th China South Asia Exposition, coinciding with
the 25th China Import Export Fair to be held from June 14 to 20,
2018, comprising of both B2B and B2C at the Kunming Dianchi
International Convention and Exhibition Centre.
China-South Asia Expo will be a good opportunity for Indian
businesses and industry associations, to showcase their products not
only to Chinese buyers but also to more than 80 countries who will
participate in the event.
"The huge increase in
participation over the last 8 years, itself shows the popularity of
the event and importance of China as a growing market," said Mr
Ganesh Kumar Gupta, President, FIEO.
the proximity and the logistics convenience, FIEO Chief foresaw
huge potential for exports in the near future and therefore the
Federation has beefed up participation in this event for 2018.
President will lead a Pan India delegation of exhibitors and will
deliver an address at the China South Asia Business Forum. Ajay
Sahai, Director General & CEO, FIEO will also address the China
South Asia Business Forum. The theme of the Business forum is "Interconnection, Sharing and Win-Win Cooperation".