Indian Catalog Show

by shariff mohammed | Feb 06, 2018

Indian Catalog Show Focuses on Agro- Products 

Agro-based products particularly rice and spices were the cynosure in an Indian catalog exhibition organized at Asharqia Chamber last month. Over 150 companies from around 15 various sectors put on view their products and services at the show which proved to be a successful event judged by the turnout of a good number of visitors. Mr. Najeeb A. Saihati, Board Member of Asharqia Chamber, and Dr. C. Rambabu, Second Secretary (Political & Economic), Indian Embassy in Riyadh jointly inaugurated the event. Also present on the occasion were Chamber’s Secretary General Mr. Abdulrahman A. Al Wabel and a number of officials from the Indian Embassy.     

Catalogs of various kinds of rice attracted keen interest from local Saudi companies as the demand for this agricultural product has been rising in the local market on the back of growing population, said Dr. Rambabu. He noted that India has been the largest supplier of different varieties of rice to the Saudi market and export value of Indian rice to the Kingdom amounted to $700 million for the financial year 2016-’17.

Other catalogs that were on display represented various products and services. They included chemicals, machinery, electricals, construction & building materials, engineering, packaging, textiles & garments, handicrafts and healthcare.

 Dr. Rambabu observed that Saudi-Indian relations have improved significantly since the visit of the Indian Prime Minister Narendra Modi to Riyadh in early 2016. As an evidence of the enhanced ties between the two countries, he pointed to India’s upcoming participation as the “Guest of Honor” in the Saudi Arabia’s National Festival for Heritage and Culture, popularly known as the Janadriyah festival. This is a unique 18-day event starting from February 7, 2018.

India will have a large pavilion in the festival in which its culture, traditions, science & technology and eye-catching economic prosperity will be showcased.

Dr. Rambabu mentioned that as a result of growing bilateral relations, Indian investments in Saudi Arabia have increased conspicuously in recent years. He said that Indian firms are now very active in the Saudi market with a combined investment estimated at $1.4 billion mainly in the fields of energy, IT and manufacturing industries. Saudi Arabia has also noticeable investments in India estimated at $78.1 million until the end of September 2017.

On the trade front, the two-way trade reached over $25.08 billion during the financial year 2016-’17 with Saudi export to India amounting to $19.79 billion and its import from India accounting for $5.29 billion.

Send your Comments


      Print                     Subscribe

Follow Us


More ad in this place