Indian exports to France up 20 percent

28th September 2004, Comments 0 comments

NEW DELHI, Sept 28 (AFP) - India's exports to France grew by 20 percent in the financial year to March with the trade balance turning in India's favour, a government statement said Tuesday.

NEW DELHI, Sept 28 (AFP) - India's exports to France grew by 20 percent in the financial year to March with the trade balance turning in India's favour, a government statement said Tuesday.  

"With exports to France (for the year) at USD 1.30 billion and imports from France at USD 1.05 billion in 2003-04, India's trade balance with France has turned into a surplus of USD 235.25 million," the statement said.  

However, India accounted for just 0.45 percent of France's global imports while France's exports to India represented only 0.30 percent of its worldwide total.  

India's exports to France range from readymade garments, cotton yarn, petroleum products to transport equipment while its imports span machinery and electronic goods to iron and steel.  

France is the ninth biggest foreign direct investor in India in terms of investment proposals approved by the Indian government. The investment proposals approved are worth a total of USD 1.72 billion of which USD 629 million have been invested.

© AFP

Subject: French News

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