GCC and Indian SME cooperation 'vital'

  • Share via facebook
  • Tweet this
  • Bookmark and Share

The growing opportunities between SMEs in Indian and across the GCC are “vital for bilateral sustainability”, according to Group CEO of Doha Bank, Dr Raghavan Seetharaman.

Speaking at the India SME Business Conclave, Seetharamen also said business connectivity could be improved if SMEs improved their competitiveness, as well as praising the increase in bilateral trade between India and the GCC which has risen from $145b in 2011-2012, to $158b in 2012-2013.

He said: “Exports to India have increased from UAE, Saudi Arabia, Qatar and Kuwait. Similarly imports from India have increased. India is also in talks with members of the Gulf Co-operation Council to conclude a free trade agreement.

“Increasing bilateral trade can give opportunities for SMEs to explore the GCC market. Growing opportunities between GCC and Indian SMEs is vital for bilateral sustainability.

Seetharamen also gave his audience an insight into areas which are worth investigating, adding: “Fast moving consumer goods are segments which Indian SMEs can look to explore. Other sectors include petrochemicals, infrastructure, and agriculture and food processing.”

Related:
Topics
Companies

Market Performance

Doha Bank
37.65
0.25 0.67 (%)
Join the Discussion

Disclaimer:The view expressed here by our readers are not necessarily shared by Arabian Business, its employees, sponsors or its advertisers.

Please post responsibly. Commenter Rules

  • No comments yet, be the first!

All comments are subject to approval before appearing

Further reading

Features & Analysis
Injaz Al Arab: cultivating a generation of entrepreneurs

Injaz Al Arab: cultivating a generation of entrepreneurs

Protests across the Middle East in recent year have highlighted...

What has caused the renaissance of a can-do attitude among Egyptian entrepreneurs?

What has caused the renaissance of a can-do attitude among Egyptian entrepreneurs?

In the midst of terror attacks and economic upheaval, Egypt is...

Entrepreneurship is flourishing in the Middle East, says study

Entrepreneurship is flourishing in the Middle East, says study

Research by London Business School says the UAE is emphatic about...

Most Discussed
  • 4
    Finding Mr Pink

    Mr. Pink is quite possibly the rudest person I have ever met in my life. He says be humble...truly a lie for his own personal financial gain. Spend one... more

    Wednesday, 10 February 2016 3:30 PM - Jim
  • 2
    Rising from the ashes: The UAE's insolvency dilemma

    Arcapita Bank B.S.C.(c) entered bankruptcy in the US and in the Cayman Islands with the stated hope of restructuring. It was not able to restructure.... more

    Wednesday, 10 February 2016 8:13 AM - Tally M. Wiener
  • 1
    Dubai's ailing Falcon City of Wonders to get $2bn kick-start

    This is the difference between real property developers.
    one delivers to (most) of their promises and others use blaming others as an excuse for not... more

    Wednesday, 10 February 2016 10:18 AM - khalid
sponsoredTracking