TPCI director felicitated at the inauguration of BSM
TPCI’s Ashok Sethi being presented with a bouquet at the inauguration of the Food and Agro Buyer-Seller Meet (BSM) organised by Consulate General of India in Jeddah in association with Jeddah Chamber and Trade Promotion Council of India (TPCI). Twenty-five Indian companies from food and agricultural products sector, exporting rice, tea, spices and dry fruits, met the Saudi importers at the BSM.
Saudi Arabia is India’s one of the most important trade partnersand is a major FDI partner of India after the UAE in Gulf region. India’s export to Saudi Arabia was worth USD 5 billion in 2017. The major products exported by India to Saudi Arabia were rice, chemicals, refined petroleum oil and motor vehicles and its parts. India’s import from Saudi Arabia was worth USD 21 billion in 2017, amounting to a huge trade deficit of USD16 billion. The major products imported by India from Saudi Arabia were petroleum products.