Mumbai: Mumbai is gearing up to host the fifth edition of the 'World Trade Expo' on October 17-18, featuring participation from over 30 countries. The event aims to highlight India's $117 billion untapped export potential, particularly in key sectors such as textiles, pharmaceuticals, chemicals, automobiles, and machinery.
As per reports, the World Trade Center Mumbai and the All India Association of Industries (AIAI), the United States presents the most significant untapped export opportunity, valued at $46 billion. This opportunity spans sectors like gems and jewelry, pharmaceuticals, automobiles, and machinery.
Notable commodities with high export potential include diamonds, agro-chemicals like insecticides, iron and steel, jewellery, and motor vehicles, as highlighted by the organisers. The expo will feature a diverse array of countries and regions, showcasing their trade and investment prospects.
According to reports, Union Minister for Petroleum and Natural Gas, Hardeep Singh Puri, is slated to be the Chief Guest at a dedicated session focusing on 'Green and Renewable Energy.'
Participating countries will include both developed and developing nations from the Americas, Europe, Africa, and Asia, which together represent 28 percent of India's total merchandise trade, 35 percent of its merchandise exports, and 24 percent of its imports. Ambassadors and trade missions will present opportunities for trade, investment, tourism, education, and technology exchange, making the expo a significant platform for enhancing India’s global trade relations.
FIRST Business Portal addressing the potential of business capability of North East Region.
