A true reflection of the exponential growth in bilateral trade of the two countries, from just USD 7.6 billion in 2003, to USD 66 billion last year, with China emerging as one of India's largest trade partners, the two-way trade between India and China is expected to touch USD 100 billion by 2015, 50.6 percent higher than USD 66.4 billion recorded in 2012-13.
With growth in bilateral trade and with India & China pursuing partnerships, business plans and looking to build stronger ties with each other, these two Asian giants are expected to dominate world trade and economy in the coming years.
With an objective to give impetus to bilateral trade between the two countries, Federation of Indian Export Organistions (FIEO) has been focusing on this important market, with frequent and large participation of Indian businessmen in important international exhibitions like Canton & SACTF over the last few years.
FIEO had organized four consecutive participations earlier in the South Asian Countries Trade Fair, Kunming, which has now been upgraded to the 1st China South Asia Expo, Kunming scheduled to be held from June 6-10, 2013.
The delegation for the 1st China South Asia Expo is being led by M Rafeeque Ahmed, President FIEO accompanied by Ajay Sahai, Director General & CEO, FIEO.
Government of India, Department of Commerce officials, Asit Tripathy, Jt. Secretary, FT (NEA) and Amrit Raj, Director, FT(China, Korea, Japan) will be also be attending the event.
President FIEO, said that the exhibition will show case both new and traditional products. The value added products display will help in changing profile of India's exports to China, which hitherto was dominated by raw materials.
The exposure to micro, small and medium enterprise (MSME) segment will help them in their marketing effort as well as product development. The delegation comprises of around 90 Indian companies in 128 booths exhibiting a wide range of products such as, wellness products, jewellery, electronic items, Textiles & garments, woollen items, processed food, gifts & promotional items, handicrafts, metal ware, kitchenware, home furnishings, leather footwear, wooden furniture, etc.
In pursuant of the trade policies of the two neighboring countries and in the wake of the recent visit of the Chinese Prime Minister to India, this participation is expected to make a significant contribution in strengthening the presence of India in the Chinese market.