World

India’s exports to ASEAN expected to reach 46 billion USD

Union Minister of State for Commerce and Industry Anupriya Patel has said that India is expected to export 46 billion USD worth of goods to the Association of Southeast Asian Nations (ASEAN) in the fiscal year 2021-2022, ending in March 2022.
India’s exports to ASEAN expected to reach 46 billion USD ảnh 1Illustrative image (Photo: The Hindu)
New Delhi (VNA) - Union Minister of State for Commerce andIndustry Anupriya Patel has said that India isexpected to export 46 billion USD worth of goods to the Association of Southeast Asian Nations (ASEAN) in the fiscal year 2021-2022, ending in March 2022.

While addressing the inaugural session of the “India-ASEAN Engineering Partnership Summit” on August 24, Patel said as oneof the largest destinations for Indian exports, ASEAN will be a major regionfor India with an export target of 46 billion USD, in meeting the globalexport target of 400 billion USD in the financial year 2021-2022.

Patel also affirmed that both India and ASEAN have large numbers of skilledworkers, strongly developed service and manufacturing sectors, and have manycomplementary sectors and products that can help expand cooperation.

With a combined economic volume of approximately 5.8 trillion USD,the two sides have considerable potential to strengthen their bilateral tradeand investment partnership. In addition, Patel also noted that the ASEANregion is the third largest export destination of Indian engineering productsafter the European Union (EU) and North America.

The India-ASEANEngineering Partnership Summit, organized by the Technical Export PromotionCouncil in collaboration with the Ministry of Foreign Affairs and theMinistry of Industry and Trade of India, attracted the participation of morethan 300 delegates from the tech industry of India and some ASEAN countries./.
VNA
#import #exports #India #ASEAN #Vietnam #Vietnamplus #Vietnam News Agency India ASEAN
Follow VietnamPlus

Related News

Programme launched to mark 30th anniversary of ASEAN-India relations

Programme launched to mark 30th anniversary of ASEAN-India relations

The ASEAN Studies Centre of ISEAS - Yusof Ishak Institute in New Delhi and the ASEAN-India Centre at the Research and Information System for Developing Countries (RIS) launched their first joint programme entitled “ASEAN-India Development Partnership Programme (AIDPP),” a training and capacity building programme for scholars and practitioners of ASEAN countries and India.

See more

Vietnamese Ambassador to China Pham Thanh Binh (centre) speaks at the high-level thematic dialogue of ASEAN–China Week 2025 (Photo: VNA)

Vietnam urges deeper, more substantive ASEAN–China collaboration

Addressing the High-Level Thematic Dialogue at ASEAN–China Week 2025 in Fujian on November 17, Vietnamese Ambassador to China Pham Thanh Binh stressed that the ASEAN–China Comprehensive Strategic Partnership has continued to expand in recent years, contributing to regional peace and stability.

Malaysian Deputy Investment, Trade and Industry Minister Liew Chin Tong (second left) takes part in an opening gimmick for Asean Miti Day at the ministry in Kuala Lumpur (Photo: malaymail.com)

Malaysia launches region’s first EV battery passport

Malaysia has launched the region’s first electric vehicle battery passport standard, a move the government says will help accelerate the growth of the country’s EV ecosystem amid rapid technological changes.

Vietnamese PM Pham Minh Chinh's official visit grabs the headlines of the Kuwaiti media. (Photo published by VNA)

Kuwaiti media spotlight Vietnamese PM’s visit

Reports underlined the progress in Kuwait – Vietnam cooperation, particularly in trade and investment. Bilateral trade reached a record 7.3 billion USD in 2024, the highest between Vietnam and any Middle Eastern country.

Malaysia confirms new monkeypox cluster

Malaysia confirms new monkeypox cluster

With 12 new cases recorded since the beginning of this year, Malaysia’s cumulative monkeypox tally has risen to 23 since the first case was detected in July 2023.

A resident checks a landslide-hit location in Mejenang, Cilacap, Central Java, on November 14. (Photo: Antara)

Indonesia: Households evacuated after Cilacap landslide

The landslide in Indonesia's Central Java has killed three persons while 20 people are still reported missing. The incident damaged eight houses, caused a two-meter-deep subsidence and left a 25-metre-long crack over an area of about 6.5 hectares, affecting 46 residents of 17 households.

Malaysian Minister of Investment, Trade and Industry Zafrul Abdul Aziz. (Photo: spanarboy.com)

Malaysia aims to become Southeast Asia’s AI, EV hub

Malaysia is shifting into high gear as it positions itself to become Southeast Asia’s leading hub for smart, sustainable mobility, powered by breakthroughs in electric vehicles (EVs), artificial intelligence (AI) and advanced manufacturing.

TAT launches 'Trusted Thailand' symbol to boost international confidence in Thai tourism (Photo: nationthailand.com)

Thailand launches tourism initiative to boost international confidence

TAT Governor Thapanee Kiatphaibool explained that recent negative news had affected Thailand’s image, especially among Chinese tourists. The 'Trusted Thailand' initiative aims to rebuild trust, emphasising Thailand's commitment to providing high-quality, safe travel experiences.

Singapore proposed guidelines to manage AI risks in financial sector

Singapore proposed guidelines to manage AI risks in financial sector

To enhance oversight and risk management, financial institutions will need to establish clear processes for identifying AI usage across the organisation, maintain accurate and up-to-date AI inventories, and conduct risk materiality assessments that consider impact, complexity and reliance, it said.