Saudi-India trade records 45 percent jump



JEDDAH: ARAB NEWS

Published — Wednesday 19 December 2012

Last update 19 December 2012 10:42 pm

| نسخة PDF Print News | A A

During this week's visit to Jeddah of a delegation of the Council of Leather Exports of India (CLE), a buyer-seller meet was organized at the Jeddah Chamber of Commerce and Industry. Adnan Mandoura, secretary-general of JCCI, and Indian Consul General Faiz Ahmad Kidwai inaugurated the event.
Mandoura welcomed the delegates and said there was a tremendous scope to improve the commercial and business relations between India and Saudi Arabia. He hoped that such visits would further strengthen business cooperation between the two countries. Kidwai said the trade between the two countries has increased by more than 45 percent in 2011-12. He pointed out that the tourism road show and the food festival of India that were organized in Jeddah in January 2012 received massive response. "Given the huge success of the last shows, the Ministry of Tourism is planning another road show on tourism and food festival next month," he said. R. Ramesh Kumar, executive director, CLE, and leader of visiting delegation, gave an impressive presentation demonstrating India's sizeable presence in the international leather market.
According to him, a lot of initiatives are being taken by the Indian government to improve the quality and capacity of the Indian leather industry which is primarily based in Chennai, Kanpur and Agra.
He said the Indian leather industry exports witnessed 22.68 percent growth and earned $ 4.86 billion in revenues in 2011-12. "We expect to reach a target of $ 17 billion by 2017," he said.
A large number of Saudi businessmen and executives attended the event and made enquiries about the leather goods in the show that primarily focused on footwear.

What's happening around Saudi Arabia

JEDDAH: The Ministry of Education is planning to increase the role of its subsidiary committees in the region and governorates to address the issue of schools increasing the fees on one pretext or another.A source in the ministry has been quoted as s...
JEDDAH: In view of a delay by Twitter in blocking the accounts of Daesh and its supporters, Saudi Twitterati have launched an online campaign demanding closure of these accounts which are being used to spread terror by those who have links with the...
JEDDAH: A young Saudi, who was born disabled, is today considered the best and most famous painter and designer in the Kingdom, professionals working in the area say.Despite being handicapped by birth, Rakan Kurdi, 22, has never given up and has mana...
DAMMAM: All Saudi airports, particularly King Fahd International Airport (KFIA) in Dammam, lack a tourism attraction strategy which requires a formal decision from the government, said Saeed Al-Qahtani, an investor in the tourism sector.He said: “In...
JEDDAH: Interpol is looking for two Saudis — a former Jeddah mayor and former president of a sports club — who have been convicted in cases related to the 2009 flash floods here.The ex-mayor was sentenced to seven years in prison while the sports off...
RIYADH: The Paris-based Organization for Economic Cooperation and Development (OECD) recently discussed here the scope of cooperation with the Kingdom’s Public Education Evaluation Commission (PEEC) in the field of education.The delegation was headed...
RIYADH: Investors and proprietors of recruitment offices have blamed the Ministry of Labor for the rise in the number of illegal brokers, saying that some of the rules are actually counterproductive and promoting black market.The ministry has put a c...
DAMMAM: A period of 20 months will be granted to deliver residential apartments for beneficiaries in the Eastern Province, starting from the day of delivering land to developers, and not from the date of signing the contract with them, according to a...
ALKHOBAR: Bribery can be eliminated by applying the laws strictly and creating public awareness besides an active role by citizens, experts say.Abdulrahman Al-Zahian, a researcher in legal affairs and public policy, said: “The Saudi anti-bribery law...
JEDDAH: Zuhair Rahbeeni, a consultant at the Pediatric and Clinical Genetics Department of Medical Genetics at King Faisal Specialist Hospital and Research Center, said that the criteria used for premarital health examinations fall short of proper st...
JEDDAH: The police in Jeddah found a runaway girl after 17 days. A news website reported that she had gone missing after she took a taxi on one of Jeddah's roads.The mother of the girl said that the police found the girl on Friday after 17 days. She...
JEDDAH: Since the launch of the Asir Initiative, “Asir … a major tourism destination all year round,” under the patronage of Asir Governor and Chairman of the Tourism Development Council Prince Faisal bin Khalid at the end of 2013, the region has man...
RIYADH: King Saud University (KSU), which is leading the vanguard in promoting and supporting scientific research in the Kingdom, will host the Saudi international conference on scientific publishing for 2015 to discuss issues and challenges surround...
RIYADH: The National Committee for Contractors (NCC) at the Council of Saudi Chambers (CSC) and representatives from the Ministry of Labor denied on Sunday delays in releasing SR2,400 in compensation to contractors once the criteria have been finaliz...
MAKKAH: Being at the front of the House of God and the peace and tranquility in the Grand Mosque are feelings that cannot be described, said Egyptian pilgrim Abdul Rahman Mustafa.The Umrah pilgrim appeared to be very happy and content. “Thank God, I...

Stay Connected

Facebook