This presently stands at 10 per cent and is expected to jump to 70 per cent in the next 2-3-years, the official said.
Currently, India’s exim trade stands at $500-billion of which export stands at $200-billion and import at $300-billion.
“In the next two-three-years, we will collaborate with a number of states like the European Union, Switzerland, Norway, Japan, Namibia, South Africa and Gulf states, among others,” Ministry of Commerce, Director (Trade Services Division), Ajay Shrivastava, told PTI here.
After signing an agreement with the Association of South-east Asian Nations (ASEAN) and Korea early this year, India is now expanding its business relations across the globe.
Deccan Herald is on WhatsApp Channels| Join now for Breaking News & Editor's Picks