Enhancing Trade and Investment between India and Kuwait
Trade Promotion Council of India, in collaboration with the Embassy of India in Kuwait organised a webinar on Trade and Investment Opportunities between India and Kuwait on July 29, 2021. The discussion focused on the current and emerging business opportunities that India and Kuwait can explore to boost their bilateral trade and investment.
Trade Promotion Council of India, in collaboration with the Embassy of India in Kuwait organised a webinar on Trade and Investment Opportunities between India and Kuwait on July 29, 2021.
Following is the list of esteemed panelists at the webinar:
• H.E. Shri Sibi George, Ambassador of India to Kuwait.
• Smt. Smita Patil, First Secretary (Political & Commerce), Embassy of India in Kuwait
• Choji Lamba, Chairman – Indian Business and Professional Council (IBPC), Kuwait
• Ashok Kalra, Advisor to the Indian Business Network (IBN), Kuwait
• Sohinder Gill, CEO – Global Business, Hero Eco and Director General, SMEV
• Suresh Makhijani, Joint Director General, Trade Promotion Council of India
• Ashok Sethi, Director, Trade Promotion Council of India
The webinar was moderated by Virat Bahri, Deputy Director, Trade Promotion Council of India.
India’s relationship with Kuwait has always maintained a strong trade connection. In fact, India has been among Kuwait’s top 10 trade partners over the years. India-Kuwait bilateral trade figures in 2020 stood at US$ 6.98 billion, declining from US$ 10.5 billion in 2019. In 2020, out of US$ 7.1 billion bilateral trade figures, India’s exports to Kuwait were US$ 1.01 billion & imports from Kuwait were US$ 5.97 billion.
The discussion focused on the current and emerging business opportunities that India and Kuwait can explore to boost their bilateral trade and investment. Special attention was given to sectors that can have significant traction like automotive, electric vehicles, Food & Beverage, tourism, yoga, Aayush, healthcare, etc.
