Indian products expo to line up 40 exhibitors

DUBAI — Former Chief Minister of Maharashtra Manohar G Joshi will inaugurate the Indian Products Exhibition, or IPE, September 28 at the India Trade & Exhibition Centre, or ITEC, Sharjah. The four-day Indian show being organised by the Maharashtra Economic Development Council, or MEDC, and Aanand Trade Services, will showcase products and services of 40 exhibitors largely representing the small 
and medium sector.

By Issac John

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Published: Mon 26 Sep 2011, 10:57 PM

Last updated: Tue 7 Apr 2015, 5:57 AM

Sripriyaa, director general of ITEC, said products of display at the event would be food and herbal products. “India is one of the major trading partners of the UAE. India is major exporter of textiles, gems and jewellery, manmade yarn, machinery, instruments, plastic, tea, meat products, processed food, frozen food and fresh vegetable produce. The Indian Products Exhibition, which is designed to showcase these products, will be an ideal springboard to Indian SMEs to further explore the huge market potential in the UAE and its neighbouring markets,” she said. It will also enable Indian suppliers to meet wholesalers and distributors in UAE, Sripriyaa said.

Meenal Mohadikar, regional director of Maharashtra Economic Development Council, said given the increasing focus on the SME sector, the show would help to further boost the two way trade between India and UAE, particularly in the packaged and ready-to-eat food, snacks and herbal categories. Sanjay Verma, Consul General of Indian in Dubai, and Vithal V. Kamat, President, Maharashtra Economic Development Council, will also attend the inaugural function.

Organisers said the exhibition would serve as a one-stop shop for hotels, wholesalers, and food processing companies and supermarkets in UAE for sourcing Indian products directly from suppliers in India. The UAE meets more than 80 per cent of its food requirement through imports worth Dh 25.5 billion every year. “With India being the biggest trade partner of UAE, it is no surprise that India is the biggest exporter of food items, including vegetables, processed food and meat, to the UAE accounting for a market share of 18 per cent.

According to the UAE Federal Customs Authority data, the total UAE trade volume in the first quarter of 2011 reached Dh329.4 billion, of which imports hit Dh204.2 billion, exports reached Dh27.3 billion and re-exports constituted Dh98 billion. Bilateral trade between India and the UAE has registered an increase over 300 per cent over the past five years and in the GCC, the UAE is the topmost trading partner of India representing about 60 per cent of the country’s export to the region in 2009-10. India is also the biggest importer of the UAE. The total two-way India-UAE trade has increased $43.46 billion in 2009-10 and is projected to exceed $50 billion this year. —issacjohn@khaleejtimes.com



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