SINGAPORE: India's trade with the South East Asian nations is below potential, the Indian High Commissioner to Singapore Jawad Ashraf said on Saturday, as he underlined the need to give priority to micro, small and medium enterprises to boost exports to these countries.
The India High Commission here has organised a five-day long India Week, between January 24 and 27, during which a series of events covering culture, art, cinema, cuisine, philosophical discourses were organised.
To support further growth in trade, the High Commission organised "India-Singapore Trade: Sustainability, Strengths and Strategies - Making it Work for Smaller Businesses" with a focus on promoting exports from micro, small and medium enterprises sector, handicrafts and cottage industry, including Khadi products, from India.
Also, over 100 MSMEs from India, led by the High Commission, participated in the seminar. "India's trade with ASEAN Region is below potential. It is showing modest growth and constitutes about mere 2.5 percent of ASEAN's total trade," Ashraf during an event.