The Hindu Business Line : `Foreign trade share poised to double by 2009'

INDIA is poised to double the share of its foreign trade to reach 1.5 per cent of world trade by 2009, the Union Minister of Commerce & Industry, Mr Kamal Nath, said here.

Speaking at a meeting with the visiting Norwegian Minister for Trade and Industry, Mr Borge Brende, he said that Norway has been a major investor in India especially in electrical equipments, software and electronics, metallurgy, transportation, telecommunication and industrial machinery.

Bilateral trade with Norway had registered a growth rate of over 100 per cent last year, touching $340 million. India's exports to Norway last year amounted to about $76 million and included commodities such as readymade garments and cotton, an official release said.

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