Barter is the present and the future of international trade, especially for people who is starting in the import export business. Barter and more: Triangular operations.
Kuwait houses a large expatriate Indian population about 640.000 people and is the source for 10-12% of India's oil imports while India is among the largest trade partners of Kuwait.
is the source for 10-12% of India's oil imports while India is among the largest trade partners of Kuwait.
Indian ambassador to the Gulf state pointed to trade between the two nations that has exceeded $17.63 billion last year, the Indian community in Kuwait contributes to the country’s development and to bilateral relations.
Ambassador Satish C. Mehta said both countries believe that more is possible in every dimension of the relationship as the two nations have had close and friendly political, economic and trade, cultural, and people-to-people linkages.
In the current five-year Plan (2012-17) India aims to invest $1 trillion in infrastructure alone. New roads, railway lines, ports, airports, metros and power plants are springing up all over the country to support a renaissance in manufacturing, according to Mehta.
Kuwaiti investments in India are in excess of $2.5 billion.
