Indian Exporters Eyeing Bigger Share of Jordan Markets

The Federation of Indian Export Organisations (FIEO) has sent a 60-member delegation of Indian exporters to Jordan hoping to boost its exports to the country. The delegation is expected to explore opportunities in several sectors such as electrical and construction machinery and equipments, sanitary wares and fittings, tiles, marbles, scaffoldings, electrical gears and switches, spa products, home and office furnishings among others.

“Even though there is good potential for Indian construction and related products, we so far could not make any breakthrough in these sectors and the visit by this business delegation is expected to make a breakthrough in such sectors,” said Rafeeque Ahmed, President, FIEO.

He added that the both residential and commercial market in Jordan is rapidly growing and a large number of infrastructure development projects are in progress. “Both residential and commercial markets are growing and the growth rate in the next five years is expected to exceed 20% per annum. The country will be expanding and upgrading infrastructure projects such as mega-real estate projects, transport, municipality developments, Red Sea to Dead Sea Canal, which provide great opportunity in this untapped market for Indian industry”, stated Ahmed.

The business delegation has also participated in the Indian Pavilion in Inter build Jordan 2014 fair that is being held in Amman from 22nd September to 25th September. The delegation has had business meetings with leading Jordan industrialists on 21st September, which was jointly organised by Amman Chamber of Commerce and the Indian Embassy in Amman.

“Interbuild Jordan is the major event in Jordan for construction, building materials, interior design and decoration industry. FIEO’s participation is expected to make inroads for development of Jordan market for Indian products and services related to infrastructure development,” noted Ahmed.

It should be noted that the total value of Indian exports to Jordan was a whopping $1.59 billion in 2013-14. Between April and July 2014,
India’s exports to the country grew to $554 million from $234 million in the corresponding period in FY 14, thus growing by 137% in the first four months of the current fiscal year.

Currently, India exports electrical machinery, cereals, frozen meat, petroleum products among others.