It is organized by Consulate General of India in Jeddah in association with Jeddah Chamber and Trade Promotion Council of India (TPCI) that the Indian exporters of four key commodities of rice, tea, spices and dry fruits will be meeting the major importers in Saudi Arabia during a Food and Agro Buyer-Seller Meet.
This will help the commodities to have great prospects for exploring Indian exports to Saudi Arabia.
The Kingdom of Saudi Arabia has been a major food and beverages (F&B) market for India.
India’s export to Saudi Arabia was worth USD 5 billion in 2017.
Indian tea is among the finest in the world owing to strong geographical indicators, heavy investments in tea processing units, continuous innovation, augmented product mix and strategic market expansion.
Saudi Arabia is India’s one of the most important trade partners and is a major FDI partner of India after the UAE in Gulf region.
India is the 2nd largest producer and 4th largest exporter of tea in the world with a 23% share in global production and a 7.5% share in world tea exports.
Basmati rice export continuously dominates India’s rice export basket.
India accounts for around 72% of the total Basmati rice produced and it offers India not just the leading producer tag but also very high product visibility in the world market.
Indian spices too are much in demand in the GCC countries, given their exquisite aroma, texture and taste.
Saudi Arabia primarily imports pepper, chilli, turmeric, ginger and cardamom from India.
India exports tea to more than 60 countries globally with Iran, Russia, UK, USA and the Gulf countries being major markets.
The major products imported by India from Saudi Arabia were petroleum products.
India exported F&B products worth USD 4.6 billion in 2017.
During 2017, India’s total exports in F&B products stood at USD 33 billion while the exports to Saudi Arabia in this sector during the same period stood at only USD 1.43 billion.