India-Asean trade to hit $70 billion by 2013

12:00 AM @ Monday - 01 January, 1900
NEW DELHI (Commodity Online) : India’s trade with ASEAN bloc is all set to hit $70 billion in the next three years, according to India’s Commerce ministry.

India’s total exports to Asean bloc reached $17.3 billion and imports $23.8 billion in 2009 and $22.3 billion and $27.8 billion respectively last year.

India is to host the first India-ASEAN Business Fair & Business Conclave here from March 2. This first major event after the FTA will be a unique blend of exhibition, meeting of captains of trade and industry and business conclave.

The Business Fair is being coordinated by the Federation of Indian Chambers of Commerce and Industry (FICCI) and INDIA - ASEAN Business Fair and Business Conclave 2011, an International Exhibition and Conference, first of its kind, will bring together business leaders and Practitioners for knowledge sharing and business development across industry segments from India and 10 ASEAN Countries.

Trade & Industry Ministers from the 10 ASEAN Countries (Brunei, Cambodia, Indonesia, Lao PDR, Malaysia, Myanmar, Philippines, Singapore, Thailand and Vietnam) will participate in the meeting.

The focus sectors of display & interest of Businesses during the India-ASEAN Business Fair & Conclave are Banking, Tourism, Automotive, Construction, Oil & Gas, Pharmaceutical, Cosmetics, Chemicals, Light Engineering, Electrical Equipments, Aluminium & Stainless Steel, Training, Health Products, Infrastructure, Transportation Logistic Services, Shipbuilding & Repairs, Jewellery, Garments, Consultancy Services, Pharmaceuticals, IT & IT enabled Services, Chemicals, Architect Services, Auto parts, personal care products, Construction & Mining, Agri & Food processing and many more.
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