Hotline: 1800 102 2007
X
Search Business Opportunities
2014-07-02

Setting up of Chinese industrial parks to scale up Indian exports: FIEO

M Rafeeque Ahmed, President, Federation of Indian Export Organisations (FIEO) while commenting on the key pact signed to bring Chinese industrial parks to India by the Commerce Minister Nirmala Sitharaman when she flagged India\'s concerns over the trade deficit which averaged over $35 billion a year stated that global exports totaled an estimated $18.36 trillion in 2012, up 2.82% from $17.86 trillion and the International Monetary Fund’s World Economic Outlook Database gave the total Gross Domestic Product for all countries amounted to $83 trillion in 2012 of which exports accounted for about 22.1% and China’s exports are 11.2% of global exports. Therefore, setting up of an industrial park by the Chinese in India may enable India to move into higher export level since we do not figure even in the top 15 countries which contribute to 60% of the world Export in 2012.

M Rafeeque Ahmed, President, Federation of Indian Export Organisations (FIEO) while commenting on the key pact signed to bring Chinese industrial parks to India by the Commerce Minister Nirmala Sitharaman when she flagged India's concerns over the trade deficit which averaged over $35 billion a year stated that global exports totaled an estimated $18.36 trillion in 2012, up 2.82% from $17.86 trillion and the International Monetary Fund’s World Economic Outlook Database gave the total Gross Domestic Product for all countries amounted to $83 trillion in 2012 of which exports accounted for about 22.1% and China’s exports are 11.2% of global exports. Therefore, setting up of an industrial park by the Chinese in India may enable India to move into higher export level since we do not figure even in the top 15 countries which contribute to 60% of the world Export in 2012.



At present, China’s top 15 trade partners that imported the most Chinese shipments by dollar value during 2013 include: Hong Kong: $384,854,022,000 (17.4% of China’s total exports); United States: $369,111,212,000 (16.7%); Japan: $150,388,804,000 (6.8%); South Korea: $91,196,702,000 (4.1%); Germany $67,364,998,000 (3%); Netherlands $60,328,824,000 (2.7%); United Kingdom: $50,957,385,000 (2.3%); Russian Federation: $49,601,249,000 (2.2%); Vietnam: $48,594,333,000 (2.2%) while India figured tenth with $48,449,347,000 (2.2%). Over two-thirds (69.1%) of Chinese exports in 2013 were delivered to the its top 15 trade partners.


FIEO chief said that the industrial park will attract the leading companies with internationally benchmarked technology, economy of scale, tie ups for marketing and will result in development of ancillaries which all augur well for Indian exports. He said that trade deficit with China, which accounts for about one third of overall deficit, can be curbed through aggressive exports strategy recognising the fact that China will emerge as the biggest market for Indian exports by 2020.

Related opportunities
  • Theme Restaurants
    About Us: Urban Lokal Café is focused on providing a safe..
    Locations looking for expansion Maharashtra
    Establishment year 2017
    Franchising Launch Date 2018
    Investment size Rs. 10lac - 20lac
    Space required 250
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater Mumbai Maharashtra
  • Others Consultancy
    Want to invest in a Water Care franchise business? Partner..
    Locations looking for expansion Chhattisgarh
    Establishment year 2006
    Franchising Launch Date 2012
    Investment size Rs. 2lac - 5lac
    Space required 250
    Franchise Outlets -NA-
    Franchise Type Unit, Multiunit
    Headquater Raipur Chhattisgarh
  • Competitive Exam Coaching Institute
    About Us   Founded in 1996 by a team of leading educationists,Dr.Bhatia..
    Locations looking for expansion Delhi
    Establishment year 1996
    Franchising Launch Date 2017
    Investment size Rs. 10lac - 20lac
    Space required 200
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater New delhi Delhi
  • Men's footwear
    About: Established in 2010, Vision Footcare India Private Limited is promoted..
    Locations looking for expansion Delhi
    Establishment year 2010
    Franchising Launch Date 2018
    Investment size Rs. 30lac - 50lac
    Space required 600
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater New delhi Delhi
Insta-Subscribe to
The Franchising World
Magazine
For hassle free instant subscription, just give your number and email id and our customer care agent will get in touch with you
OR Click here to Subscribe Online
Daily Updates
Submit your email address to receive the latest updates on news & host of opportunities

Free Advice - Ask Our Experts