Date:06/02/2005 URL: http://www.thehindubusinessline.com/2005/02/06/stories/2005020601290500.htm

Back `Foreign trade share poised to double by 2009'

Our Bureau

New Delhi , Feb. 5

INDIA is poised to double the share of its foreign trade to reach 1.5 per cent of world trade by 2009, the Union Minister of Commerce & Industry, Mr Kamal Nath, said here.

Speaking at a meeting with the visiting Norwegian Minister for Trade and Industry, Mr Borge Brende, he said that Norway has been a major investor in India especially in electrical equipments, software and electronics, metallurgy, transportation, telecommunication and industrial machinery.

Bilateral trade with Norway had registered a growth rate of over 100 per cent last year, touching $340 million. India's exports to Norway last year amounted to about $76 million and included commodities such as readymade garments and cotton, an official release said.