Indian exports to Bahrain increase by 70%

Indian exports to Bahrain increase by 70%

Indian exports to Bahrain increased by 70 per cent during fiscal year 2021-22, the highest in the region, according to the top official at India’s largest export promotion agency.

Dr Ajay Sahai, director-general and chief executive of Federation of Indian Export Organisations (FIEO), has described the country’s exports performance in the GCC as “marvellous”.

Speaking at the Super Sourcing Dubai (SSD) expo at Dubai Festival City yesterday, he said Indian exports to the GCC grew by 44pc in FY2021-22 to $43.9 billion compared to last fiscal’s $27.8bn, with the UAE alone posting 68pc growth, valued at $28bn against $16.7bn in 2021, followed by Saudi Arabia, which saw 49pc growth, Qatar up 43pc, Oman up 33pc and Kuwait, seeing a rise of 17pc.

The expo is co-located with Propaper Dubai 2022, where top FIEO officials said paper and allied products exports from India to the GCC touched $638m in 2021 with the UAE taking a major share in the trade at $386m.

In the case of the paper industry, India has a 16pc market share in GCC and the target is to grow that to 25pc by 2027 with the signing of Comprehensive Economic Partnership Agreement (CEPA) with other Gulf countries.

India and the UAE signed