Indian exports to GCC grew by 44% to US $43.9bln in FY 2021-22

Indian exports to GCC grew by 44% to US $43.9bln in FY 2021-22

- India has a 16 per cent share in GCC paper and allied products market valued at US$3.8 billion

- Indian paper product exports to GCC at US$638 million

Dubai: Indian exports to GCC grew by 44 per cent in FY2021-22 to US$43.9 billion compared to last fiscal’s US$27.8 billion with the UAE leading the trade with 68 per cent growth, valued at US$28 billion against US$16.7 billion in 2021, the Federation of Indian Export Organisations (FIEO), the apex body of the country’s Export Promotion Councils said today.

In a statement at the niche expo, Super Sourcing Dubai (SSD), co-located with Propaper Dubai 2022 taking place at Festival Arena, Dubai Festival City during September 20-22, top FIEO officials said paper and allied products exports to the GCC touched US$638 million in 2021 with the UAE taking a major share in the trade at US$386 million.

“Our exports performance in the GCC in FY 2021-22 has been marvellous. Apart from the UAE, our exports to Saudi Arabia grew by 49%, Oman by 33%, Qatar by 43%, Kuwait by 17% and exports to Bahrain increased by 70%,” said Dr. Ajay Sahai, Director-General and CEO of FIEO.

In the case of the paper industry, India has a 16