Home
|
Sitemap
|
FAQs
|
Contact Us
Product
Country
Menu
About Agri Exchange
Introduction
Apeda Agri Exchange
The Vision
Benefits / Facilities
To Exporters
To Buyers
Product Profile
Floriculture
Floriculture
Fruits & Vegetables Seeds
Fresh fruits & Vegetables
Fresh Onion
Other Fresh Vegetables
Walnuts
Fresh Mangoes
Fresh Grapes
Other Fresh Fruits
Others (Betel Leaves & Nuts)
Processed Fruits & Vegetables
Cucumber and Gherkins (Prepd. & Presvd.)
Processed Vegetables
Mango Pulp
Processed Fruits,Juices & Nuts
Pulses
Animal Products
Buffalo Meat
Sheep/ Goat Meat
Other Meat
Processed Meat
Animal Casing
Poultry Products
Dairy Products
Natural Honey
Caseins
Albumin (Eggs & Milk)
Other Processed Foods
Groundnuts
Guar Gum
Jaggery & confectionery
Cocoa Products
Cereal Preparation
Milled Products
Alcoholic Beverages
Miscellaneous Preperations
Cereals
Basmati Rice
Non Basmati Rice
Wheat
Maize
Other Cereals
Country Profile
United Arab Emirates
Saudi Arabia
Malaysia
Bangladesh
United States
Vietnam
Kuwait
Iran
United Kingdom
Indonesia
...View more country profiles
FTA's
Analytical Report on FTAs
Tariff Concession under FTAs
Statistics
International Trade
India's Export
India's Import
Production
International Production
India Production
Market Intelligence
e-Bulletin
Global Analytical Report
India's Export Analytical Report
Comparative Report On APEDA Products
Comparative Report On Principal Commodities
Import Tariffs
Import Regulations
SPS Notifications
DGFT : Public Notice, Notifications, Circular and Trade Notice
India Food Safety & Standards
Market Reports
Foreign Trade Policy 2023
Chapter 01 - Legal Framework and Trade Facilitation
Chapter 02 - General Provisions Regarding Imports and Exports
Chapter 03 - Developing Districts as Export Hubs
Chapter 04 - Duty Exemption Remission Schemes
Chapter 05 - Export Promotion Capital Goods (EPCG) Scheme
Chapter 06 - Export Oriented Units (EOUs), Electronics Hardware Technology Parks (EHTPs), Software Technology Parks (STPs) and Bio-Technology Parks (BTPs)
Chapter 07 - Deemed Exports
Chapter 08 - Quality Complaints and Trade Disputes
Chapter 09 - Promoting Cross Border Trade in Digital Economy
Chapter 10 - Scomet: Special Chemicals, Organisms, Materials, Equipment and Technologies
Chapter 11 - Definitions
Newsletters
Latest News
Latest Newsletter
Archives
Directory
Exporters
Service Providers
Logistics
Trade Leads
Submit New lead
Buy Leads
Sell Leads
Indian Mission Login
Market News
Trade across India-Menat corridor expected to hit $190bn by 2030.
Feb 01, 2024
Trade across the corridor linking India with the Mena region and Turkey (Menat) is expected to grow by 50 per cent to $190 billion by 2030 amid new investment opportunities, a report has said.
There is an estimated $61 billion opportunity for India, Asia’s third-largest economy, to boost exports to key Menat markets such as the UAE, Saudi Arabia and Turkey by 2027, HSBC said in the report.
It also offers export potential worth $51 billion for Menat countries looking to expand overseas.
Some of the main markets for India that have a high export potential include the UAE ($32 billion), Saudi Arabia and Turkey ($11 billion each).
'Buoyed by strong mutual interests, solid economic fundamentals and enduring historical ties, corporates and investors are looking at an extensive set of opportunities in both directions,' said Patricia Gomes, regional head of commercial banking, Middle East North Africa and Turkey at HSBC Bank Middle East.
India is looking to cement trade and economic ties with the GCC bloc, as well as other countries in the Middle East as they focus on the diversification of their economies away from oil.
In 2022, India signed the Comprehensive Economic Partnership Agreement with the UAE. The pact is expected to boost non-oil trade between the two countries to $100 billion by 2030, from $60 billion two years ago.
It is also part of the Middle East-Europe economic corridor that is expected to increase trade between New Delhi and other countries in the region.
Indian companies are investing in other countries in the Middle East amid the strengthening of ties.
In Egypt, Indian companies are investing in green hydrogen and electric vehicles, as well as in sectors such as food industries, chemicals and tourism, according to the report.
Indian manufacturers have also poured investments into the packaging materials industry in Turkey.
'India’s increasing strengths as a food and agricultural producer and exporter are repositioning the India-GCC trade and investments relationship,' the report said.
It added that the GCC was investing heavily to transform its food and agriculture industry to boost food security, which presents new investment opportunities for Indian companies.
The report also highlights growing opportunities in India for Menat countries, especially in the digital economy and in sectors such as software as a service, FinTech, e-commerce and health technology.
India's digital economy is forecast to account for 12 per cent to 13 per cent of the country's gross domestic product by 2030, from 0.5 per cent in 2010 and 4.5 per cent in 2022, providing new opportunities.
Companies such as Abu Dhabi’s Mubadala Investment Company are already investing in India’s digital sector. In 2020, Mubadala bought a 1.85 per cent stake in Reliance Industries' digital platform in a $1.2 billion deal.
Tier-1 cities such as New Delhi, Ahmedabad, Bengaluru, Mumbai, Chennai and Hyderabad, as well as Tier-2 cities including Chandigarh, Coimbatore, Kochi, Jaipur, Nagpur and Mysuru offer investment opportunities.
'India’s Tier-2 cities are an untapped opportunity for Mena corporates considering lower operational costs, niches for specific industrial activities or shifting ancillary operations,' Ms Gomes said.
thenationalnews.com
Archive