Financial Daily from THE HINDU group of publications
Wednesday, Sep 29, 2004
News
Features
Stocks
Cross Currency
Shipping
Archives
Google

Group Sites

 Industry & Economy - Foreign Trade


Non-oil trade with UAE touches $7.14 b

Vimala Vasan

Abu Dhabi , Sept. 28

INDO-UAE non-oil trade witnessed a jump of 66.6 per cent to $7.14 billion in the 2003-2004 fiscal, with Indian exports to the UAE alone accounting for a 53 per cent rise to $5.08 billion, according to a senior Indian mission official.

Mr Yashwant Sinha, Dubai-based Indian Consul-General, told Business Line on Tuesday that the increase in trade between the two countries was due to a more proactive stand by Indian exporters and a significant push for exports from the UAE side as well.

Among Indian exports to the UAE that showed a big rise, were gems and jewellery, textiles, electronic goods, transport and equipment. Indian imports of UAE products, totalling $2.06 billion, included precious and semi-precious stones, gold, organic chemicals and goods. Mr Sinha said that the rise in trade is significant, as in the previous years exports and imports had registered increases only up to 11 per cent. Indian exports in 2002-2003 were $3.3 billion.

More Stories on : Foreign Trade

Article E-Mail :: Comment :: Syndication :: Printer Friendly Page

Stories in this Section
Consumer durables becoming dearer this festive season

We may not meet 10th Plan targets, says Pranab
Kerala records tardy growth in revenue receipts: Study
Govt to once again dip into PSU reserves to cover revenue shortfall
Govt plans to save Rs 3,000 cr through austerity measures
Effluent trigger ruled out in Thiruvananthapuram beach
Kamal Nath to attend bilateral meetings during Europe tour
EU regulation on trade preference likely in Oct
Non-oil trade with UAE touches $7.14 b
Apollo launches telemedicine link with Pak
Unease in Gulf, Nigeria makes oil, financial markets jittery
Shell Hazira opposed to LNG imports under f.o.b.
Scarce commodity
Regulator asks MSEB, State Govt to settle dues
NTPC hopes to finish TN project study by Dec
Price bids for Bidadi to open next month
CM to open Kerala Travel Mart at Kochi
AP panel to monitor talks with Naxalites
Zee Tele gets nod to launch sports channel
Zee has not met eligibility criteria: ESPN-Star
`Thai trade pact no threat to CTV sector'
`Withdraw special excise duty on soft drinks'
AP Govt moves to revive handloom sector
`Mining hits women hard'
Telugu film industry to set up monitoring cells to curb piracy
`Popcorn' team arrives
Post offices give swanky banks a run for their money
Half-a-day's pay, but a big change for the children
Rate slab fixed for SGSY loans
Banks told to help rural women in AP
Chidambaram for flexibility in labour markets
C1 India goes live with e-tendering platform
Management meet on Oct 7
Travel Mart at Colombo
In Thiruvananthapuram today
In Hyderabad today
Ayurveda resort launched

The Hindu Group: Home | About Us | Copyright | Archives | Contacts | Subscription
Group Sites: The Hindu | Business Line | Sportstar | Frontline | The Hindu eBooks | The Hindu Images | Home |

Copyright © 2004, The Hindu Business Line. Republication or redissemination of the contents of this screen are expressly prohibited without the written consent of The Hindu Business Line