Kuwait wants relationship with India in Security and defense
India, Arab League trade may reach $240 bn by 2014: CII
The two-way commerce between India and the 22 League of Arab Nations is expected to reach $240 billion by 2014 on account of increasing cooperation in areas like infrastructure and real estate, a report said.
"India and the Arab Nations will soon become major trading partners, exhibiting significant improvement in two-way trade and is expected to reach $120 billion by 201011 and $240 billion by 2014," industry body CII today said in its report.
It said that there is a huge potential for both the sides to cooperate in areas like oil and gas, chemicals, real estate, infrastructure and food processing.
The report - "India & League of Arab States- Exploring New Horizons" - also explores new horizons of collaboration to harness investment and trade between India and the countries in the Arab region.
Investments from the region into India have been on a continuous upswing, especially in sectors such as telecom and infrastructure, the report added.
"Security, defence and education are new areas of interest which will forge the relationship ahead," Ambassador of Kuwait to India Sami Mohammad Al-Sulaiman said.
The Arab League was founded in Cairo in 1945 and its members include Algeria, Bahrain, Egypt, Iraq, Jordan, Kuwait, Lebanon, Libya, Morocco, Oman, Palestine, Qatar, Saudi Arabia, Somalia, Sudan and United Arab Emirates.
India, Arab League trade may reach $240 bn by 2014: CII
India, Arab League trade may reach $240 bn by 2014: CII
The two-way commerce between India and the 22 League of Arab Nations is expected to reach $240 billion by 2014 on account of increasing cooperation in areas like infrastructure and real estate, a report said.
"India and the Arab Nations will soon become major trading partners, exhibiting significant improvement in two-way trade and is expected to reach $120 billion by 201011 and $240 billion by 2014," industry body CII today said in its report.
It said that there is a huge potential for both the sides to cooperate in areas like oil and gas, chemicals, real estate, infrastructure and food processing.
The report - "India & League of Arab States- Exploring New Horizons" - also explores new horizons of collaboration to harness investment and trade between India and the countries in the Arab region.
Investments from the region into India have been on a continuous upswing, especially in sectors such as telecom and infrastructure, the report added.
"Security, defence and education are new areas of interest which will forge the relationship ahead," Ambassador of Kuwait to India Sami Mohammad Al-Sulaiman said.
The Arab League was founded in Cairo in 1945 and its members include Algeria, Bahrain, Egypt, Iraq, Jordan, Kuwait, Lebanon, Libya, Morocco, Oman, Palestine, Qatar, Saudi Arabia, Somalia, Sudan and United Arab Emirates.
India, Arab League trade may reach $240 bn by 2014: CII
