Middle East

Embassy of India promotes trade, technology and tourism in meetings with Kuwaiti media

Kuwait: The Indian Ambassador to Kuwait will pose for a group photo with Kuwaiti media personnel during the event.

Kuwait: Kuwait’s Ambassador to India, Shibi George, interacted with Kuwaiti media on promoting trade, technology and tourism as part of the Prime Minister’s vision of “Aatm-Nirbhar Bharat” or “Independent India”. .. Narendra Modi from India.

Interactions include a detailed presentation on India’s focus on trade, technology and tourism, showing the scale of India’s potential opportunities in these areas as well as collaborative policy promotion in each area. Reforms and trends were emphasized.

In his remarks, Ambassador Shibi George noted the excellent bilateral involvement between India and Kuwait in 2021 and celebrated the 60th anniversary of the establishment of diplomatic relations between India and Kuwait. He noted that India is making progress towards economic recovery after the scenario caused by the pandemic, and the Indian government plans to increase trade, attract tourism and technology development, and develop skills and R & D. He said that he is focusing on promotion. He said the Indian economy is ready for a strong recovery, with an estimated growth rate of 9.5% this year, well above pre-Covid levels.

In terms of terms of trade, the Government of India has set a target of more than $ 400 billion for commodity exports this year for the first time, more than 50% of which has already been achieved in the first half of this year. India’s global commodity exports increased by more than 50% year-on-year between April and November 2021.

Despite the pandemic, India is the top destination for foreign direct investment (FDI), which received $ 82 billion in 2020-21, with India attracting $ 120-160 billion annually by 2035. It is expected. The FDI influx sector was services including R & D, testing and analytics, finance, banking insurance, etc., followed by the IT and computer software / hardware, trade and telecommunications sectors.

In the presentation, India is one of the top exporters of software and IT services and has an extensive R & D network in all areas of science and technology, especially biotechnology, medical research and space exploration. It was emphasized that there was. India has made great strides in the field of space research and exploration. India’s first interplanetary mission, the Mangalian or Mars Orbiter Mission (MOM), was the first mission to reach Mars in the first attempt. Mangalyaan has been on track for eight years since then. In addition, India plans to launch its first manned spaceflight mission, Gaganyaan, in 2023.

The presentation also focused on the tourism sector of India, focusing on the variety offered in a very affordable package for tourists interested in leisure, business or wellness. India is the 7th largest and fastest growing tourism economy in the world. With a travel market of $ 75 billion in 2020 and India’s tourism sector expected to grow to $ 125 billion in 2027, it will be among the top five business travel destinations by 2030. An English print and audiovisual media person representing all major publications and channels in Kuwait.

https://news.kuwaittimes.net/website/indian-embassy-promotes-trade-technology-tourism-in-meeting-with-kuwaiti-media/ Embassy of India promotes trade, technology and tourism in meetings with Kuwaiti media

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