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    China keen on Indian henna, drumsticks powder

    Synopsis

    China expects to import products and services valuing over $10 trillion through such fairs.

    Agencies
    Chinese importers raised inquiries about these value added farm products at the recently concluded import only fair in Shanghai.
    NEW DELHI: Indian henna powder, chillies, value-added tea and moringa (drumstick) powder have caught the fancy of the country’s second largest trading partner China and the Asian giant is keen to import these agricultural products from India.

    Chinese importers raised inquiries about these value-added farm products at the recently concluded import-only fair in Shanghai.

    A Tamil Nadu-based exporter of henna powder booked orders above Rs 3 crore at the second edition of the China International Import Expo in Shanghai which took place from November 5-10.

    “There were a lot of enquiries about agricultural products, especially drumsticks powder for herbal uses, chilies and value-added tea such as tea sticks. We placed orders worth a few million dollars,” said an official aware of the details.

    India exported around $200 million of these products in the April-September period of 2019-20.

    The import only expo is aimed to reduce China’s burgeoning trade deficit with its major trading partners. It expects to import products and services valuing more than $10 trillion through such fairs.

    India’s exports to China in the first six months of 2019-20 were $8.5 billion while imports were $36.3 billion. The trade deficit was $53.6 billion in FY19.

    “They want us to provide organic certification for such agricultural goods because demand for organic products is huge there,” the official added.

    The main product categories in the expo were sci-tech life, pharmaceuticals, medical equipment & healthcare products, automobile, equipment, quality life, trade in services, food and agriculture products.

    Besides, joint ventures with Indian companies in areas such as scanners and low end engineering products including hand tools were also discussed.

    “Many companies are interested to use India as their export base and also cater to the Indian market. They have an incentive of lower corporate tax rate here,” said Ajay Sahai, director general, Federation of Indian Export Organisations (FIEO).

    The growth in India’s exports to China has been driven by marine products, organic chemicals, plastics, petroleum products, grapes and rice. India’s exports of marine products to China has tripled and touched almost $800 million in the first nine months of 2019 and are expected to cross $1 billion mark by the end of this calendar year.
    (Catch all the Business News, Breaking News Events and Latest News Updates on The Economic Times.)

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    9 Comments on this Story

    realdeshbhakt 267 days ago
    I thought modi''s make in india was huge success.Where the hell all factories have gone from india?WHy modi is punishing factory owners in name of deshbhakti and allowing chinese to export more to india?Is this deshbhakti?
    sachin n267 days ago
    Meanwhile China is competing with USA for Trillion dollar market of Semi conductors.
    Blame the large industrial houses of India for not rising up to take the challenge of internationally competitive products.
    Blame the government too for not being able to provide them the cushion they ask for.
    Above all the Indian manufacturing sector is only domestic market focused. I tried in my small way to tell these companies to focus on export markets but in vain.
    Leon Fernandes267 days ago
    Beggars are not choosers !!!!
    The Economic Times