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By Abhimanyu Sharma Mar 23, 2023 6:03:27 PM IST (Updated)
Exports of other commodities which grew during the same period were sugar & confectionary (44 percent); cereals (38 percent); coffee, tea & spices (37 percent); automobiles (33 percent), and miscellaneous chemical products (30 percent).
The India-UAE Comprehensive Economic Partnership Agreement (CEPA) has led to a 70 percent year-on-year growth in exports of essential oils, resinoids, perfumery, and cosmetic preparations from India to UAE, from $161.23 million in the period of June 2021 to February 2022 to $273.54 million in June 2022 to February 2023 period.
Exports of other commodities which grew during the same period were sugar & confectionary (44 percent); cereals (38 percent); coffee, tea & spices (37 percent); automobiles (33 percent), and miscellaneous chemical products (30 percent).
The union commerce ministry has projected that India's total exports to the UAE will touch a record $32 billion this year on the back of a 4.9 percent year-on-year rise in exports to the West Asian nation in February 2023 despite a 10 percent year-on-year fall in overall exports.