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Agrawal welcomes strong 6.8% growth in April exports
The Shahid Beheshti Port Terminal at Chabahar is expected to boost regional connectivity between India, Iran, Afghanistan and Central Asia thereby reducing cost of trade and enhancing exports to the resource-rich markets, says PHDCCI https://www.phdcci.in/ President Sanjeev Agrawal.
“This port is also anticipated to act as a gateway to boost trade with European countries,” said Agrawal on 15 May, reacting to Long-Term Contract for the development of port by India and Iran https://en.mop.ir/ .
“We look forward to a great export growth trajectory in the current financial year,” he said in comments on India’s exports increase significantly despite geopolitical headwinds https://fieo.org/ .
India began FY2024-25 with a strong 6.8% growth in exports of merchandise and services https://commerce.gov.in/ .
The April 2024 exports at US$64.5 billion are higher than US$60.4 billion in April 2023, said Agrawal https://www.wto.org/ . Fiinews.com
