ID :
171493
Tue, 03/29/2011 - 07:27
Auther :
Shortlink :
https://oananews.org//node/171493
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Laos-India trade tripled
VIENTIANE,MARCH (KPL)- The bilateral trade between Laos and India amounted to USD 37 million last year, increased by 288 per cent over the previous year, but short of potential, according to the Indian Ambassador to Laos Dr. Jitendra Nath Misra.
“I call upon Lao companies to increase exports to the vast and growing Indian market,” Jitendra told the Lao-Indian Business Forum held last week in Vientiane. The Indian ambassador also called upon Indian companies present at the meeting to consider further investment not just in hydropower, mining, transmission lines and irrigation, but also in food processing, pharmaceuticals and other areas.
India has jumped to number 7 rank investments and its major investors include Birla Lao Pulp and Plantations, the HSMM group and Lao SPG Mining.
In pursuance of an announcement made by the Indian Prime Minister in 2008, India has put into place the Duty Free Tariff Preference Scheme for Least Development Countries. The scheme grants Laos duty free access to 94% of India’s tariff lines.
Of the USD132 million in Loans provided by the government of India, USD35 million have been disbursed. Projects in transmission lines and rural electrification have been completed. The USD11 million Nam Song hydropower project will open in June.
“I call upon Lao companies to increase exports to the vast and growing Indian market,” Jitendra told the Lao-Indian Business Forum held last week in Vientiane. The Indian ambassador also called upon Indian companies present at the meeting to consider further investment not just in hydropower, mining, transmission lines and irrigation, but also in food processing, pharmaceuticals and other areas.
India has jumped to number 7 rank investments and its major investors include Birla Lao Pulp and Plantations, the HSMM group and Lao SPG Mining.
In pursuance of an announcement made by the Indian Prime Minister in 2008, India has put into place the Duty Free Tariff Preference Scheme for Least Development Countries. The scheme grants Laos duty free access to 94% of India’s tariff lines.
Of the USD132 million in Loans provided by the government of India, USD35 million have been disbursed. Projects in transmission lines and rural electrification have been completed. The USD11 million Nam Song hydropower project will open in June.
