Home / Knowledge / News / Positive approach can enhance bi-lateral trade with India
Positive approach can enhance bi-lateral trade with India
13
Mar '08
If pre-set notions and long-standing hostilities can be sidelined India and Pakistan can benefit mutually from bilateral trade.

A trend very evident for the past six decades show that even though India and Pakistan would go out of their way to tap international markets through trade tactics, they would not do the same to explore commercial grounds in each others country.

For instance, even if they open door to their markets to foreign countries and imports, they would be hell-bent on resisting the same for each other.

Although, Pakistani fabric has immense potential in the Indian market, its export is restricted through complex duty regime.

In spite of such trade frictions, statistics show, Pakistani fabric export to India increased from US $48.68 million in 2005-06 to $73.70 million in 2006-07. The raw material was largely used in the Indian apparel industry for manufacturing garment for exports.

On the other hand, Pakistan's raw cotton import from India increased from $58 million in 2005-06 to $206.90 million in 2006-07. Experts believe that the figure could have gone much higher if the Government of Pakistan allowed timely import of cotton through Wagah border.

A phenomenal increase of 129 percent was observed in Indian trade with Pakistan from April-October 2006-07. Two-way trade has reached a record figure of $977.03 million.

While exports from India valued at $789.13 million, imports stood at $187.90 million. India's imports from Pakistan have beengrowing at a steady pace of 87 percent in 2005-06 and 86percent in April-October (2006-07).

All of the above just goes to explain that if cohesion, mutual understanding and respect for each other's nationality is recognized, India and Pakistan can go a long way together.

Must ReadView All

Courtesy: H&M

Apparel/Garments | On 30th Mar 2017

H&M group's sales increase 7% in 3 months to Feb '17

The H&M group's sales including VAT amounted to SEK 54,369 million...

Textiles | On 30th Mar 2017

India Inc should work for July 1 GST roll out: Fin sec

The Goods and Services Tax (GST) will take India into a very exciting ...

Textiles | On 30th Mar 2017

Lok Sabha approves 4 supplementary GST legislations

The Lok Sabha has approved four supplementary Goods and Services Tax...

Interviews View All

DK Sharma
Velocity Apparelz

We constantly communicate with employees at all levels

Krishnanand Tripathi
Textrade International Ltd

We believe in vocational education for entry-level employees, offering...

Md Hanifur Rahman
Aman Group

The level of understanding the job role and organisational requirements...

Paolo Ocleppo
Sandvik Hyperion

Paolo Ocleppo, Rotary Cutting Segment manager, Sandvik Hyperion discusses...

Steve Cole
Xerium Technologies

Steve Cole of Xerium Technologies discusses the industry. Xerium is the...

Giorgio Mantovani
Corman S.p.A

Giorgio Mantovani, MD of Corman, with a presence in both Milano and New...

Tony Ward
Tony Ward

"You have to truly understand what your client wants, know her needs, what ...

Mike Hoffman
Gildan Activewear SRL

Gildan Activewear, a manufacturer and marketer of branded clothing and...

Judy Frater
Somaiya Kala Vidya

Among the many honours showered on Frater, including Fulbright and Ford...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH
March 2017

March 2017

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

SUBSCRIBE


Browse Our Archives

GO


eNEWS
Insights
Subscribe today and get the latest News update in your mail box.
Advanced Search