The MENA region has traditionally been governed by the fact that the region has been a critical source of energy. Unsplash
India is positioning itself as an economic partner by investments in the Middle East and North Africa (MENA) region, said a senior official of Export-Import Bank of India (India Exim Bank) on Friday.
In his address at the India-Morocco Business Forum, the bank’s Deputy Managing Director Harsha Bangari said that India’s trade with the MENA region has traditionally been governed by the fact that the region has been a critical source of energy.
“India is now increasingly positioning itself as an economic partner through increased investments in the region,” she said.
India positioning itself as economic partner for MENA region
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India is positioning itself as an economic partner by investments in the Middle East and North Africa (MENA) region, said a senior official of
Export-Import Bank of India (India Exim Bank) on Friday.
In his
address at the India-Morocco Business Forum, the bank s Deputy Managing Director Harsha Bangari said that India s trade with the MENA region
has traditionally been governed by the fact that the region has been a
critical source of energy. India is now increasingly positioning itself as an economic partner through increased investments in the region, she said.
Indias bilateral trade with Morocco has increased from US$ 1.2 billion in 2010 to US$ 2.1 billion in 2019. While Indias imports from Morocco are largely dominated by phosphate and potash, Indias exports to the country are more diversified covering textiles, chemical products, petroleum products, pharmaceutical products.
India is positioning itself as an economic partner by investments in the Middle East and North Africa (MENA) region, said a senior official of Export-Import Bank of India (India Exim Bank) on Friday.In his address at the India-Morocco Business .