Exporters' association FIEO recently said that exports of value added products from India to China is increasing.
India’s exports to China is moving positively from 2016-17 when it grew by 13% followed by 31% growth in 2017-18, FIEO said.
India’s exports to China grew up by about 17% in the first six months of 2018-19, more or less in line with general trend in India’s exports, it added.
However, the sharp decline in exports of copper, ores and minerals, zinc shows that India’s exports are moving towards value added exports, FIEO pointed out.
India’s exports of marine products grew up by over 100%, organic chemicals by 40%, plastic & plastic products by 70%, gems & jewellery by 60% and mechanical machineries and appliances by 20%.
The address of market access issues by agriculture and processed food products would help in increasing India’s exports to China, the exporters body said.
While Pharma sector has shown marginal growth, it has huge potential as cost of medicine in China is very high and Indian cancer drugs have already gained much acceptance in China, FIEO added.
FIEO President Ganesh Kumar Gupta reiterates that India's exports to Iran grew by about 22% in first six months of 2018-19.
However, the imposition of sanction has definitely impacted India’s exports as three months window provided by the US got over in August, 2018, he said.