India -Saudi, boost trade (By Sylodium, international trade directory)

India is set to launch a Saudi-India Business Network (SIBN) in Riyadh and Dammam to promote trade and commerce, investment, business-to-business interactions and exchanges with Saudi Arabia.

Indo-Saudi trade relations have witnessed a steady and remarkable growth in the last few years.Saudi ArabiaisIndia’s fourth largest trade partner and the bilateral trade stood at $43.19 billion in 2012-13.

Saudi Arabia is also India’s largest supplier of crude oil, accounting for 17 percent of the country’s requirements. Saudi Arabia is home to more than 1.86 percent of India’s global exports and is also the source of 6.35 percent of India’s global imports. For Saudi Arabia, India is the fifth largest market for its exports accounting for 7.55 percent of global exports.

Sylodium (global import export directory) you can advertise for free your company or your project, at the intersection of cities that you want, for example;New Delhi(India) –Riyadh(Saudi Arabia) or any city around the World.   

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