Interviews
Indo-Greek bilateral trade to double by 2010
12 Jan '08
3 min read
And as a result, FDI in Greece has reached 4.3 billion in 2006, nine times higher than in 2005…. Greece is a safe market with modern infrastructure in the fields of combined transportation, telecommunications and a complete legal framework which offers incentives, such as tax or grant exemptions for attracting foreign investors.
He drew the attention of the gathering and said that Greek products with good export potential to the Indian market are machinery, lubricants, tobacco, pharmaceuticals, cosmetics, packaging and construction materials, processed food and beverages, clothing, informatics and services.
Shri Kamal Nath observed that both governments have a crucial role to play in bringing together businesses. “Our commitment is to provide a positive business environment to foster the bilateral trading relationship.
The effort made by the industry associations on both sides to enhance the levels of contacts among businesses is heartening and they deserve to be congratulated for their efforts”, he further stated.
The Commerce Minister stated that the current visit of the Greek Prime Minister with a strong business delegation could help both sides in building upon the strong bilateral relationship that exits.
He said that during the visit of the Indian President to Greece, a commitment was made by both sides to double trade between the two countries to reach and exceed 1 billion Euros by 2010.
“A large potential exists and both sides have to actively undertake measures to realise this potential. Bilateral trade between the two countries has shown a robust growth during the last two years”, he added.
He drew the attention of the gathering and said that Greek products with good export potential to the Indian market are machinery, lubricants, tobacco, pharmaceuticals, cosmetics, packaging and construction materials, processed food and beverages, clothing, informatics and services.
Shri Kamal Nath observed that both governments have a crucial role to play in bringing together businesses. “Our commitment is to provide a positive business environment to foster the bilateral trading relationship.
The effort made by the industry associations on both sides to enhance the levels of contacts among businesses is heartening and they deserve to be congratulated for their efforts”, he further stated.
The Commerce Minister stated that the current visit of the Greek Prime Minister with a strong business delegation could help both sides in building upon the strong bilateral relationship that exits.
He said that during the visit of the Indian President to Greece, a commitment was made by both sides to double trade between the two countries to reach and exceed 1 billion Euros by 2010.
“A large potential exists and both sides have to actively undertake measures to realise this potential. Bilateral trade between the two countries has shown a robust growth during the last two years”, he added.
Press Information Bureau Government of India
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