All is set to solidify non oil export between Nigeria and India.
This move is expected to boost bilateral trade between both countries, especially as Nigeria is India’s largest trading partner in Africa, and India is the largest buyer of Nigeria’s crude oil globally
Rawat Rajesh, Director, India Export Promotion Council for Handicrafts, India, disclosed this at the sensitisation for IHGF Delhi Fair – Spring 2019 on Friday in Lagos.
Rajesh said that India’s desire was to enhance its trade relationship with Africa, especially Nigeria, through promoting exports that would increase the present trade volume of $11.76 billion between both countries.
According to him, between April and September this year, export from India to Nigeria stood at $1.35 billion.
According to him, some of the goods exported were handicrafts, pharmaceuticals, ceramic, fabrics, iron and steel, chemical and aluminum.
He said that India’s export of handicrafts stand at $60.92 million in 2017, signifying a 21.27 per cent growth from $50.23 per cent recorded in 2016.
“The countries can leverage on their huge population to transfer knowledge, build capacity of their citizens in the handicrafts sector to increase production, efficiency, employment and global competitiveness.”
Mr Gbolahan Olaniyi, President, African Association of Interior Designers, commended the plan.
He said the fair I’ll provide a platform for Nigerian businesses to explore latest designs, learn the expertise and replicate it locally.