Indian trade fair organised in Djibouti

DURBAN: Marking the growth of economic ties between India and Djibouti, a first-ever Indian trade fair is being held at the capital of the east African nation. The four-day long fair which started from January 21 is organised by Associated Chambers of Commerce and Industry of India (ASSOCHAM).

At least 14 Indian companies are participating in the event displaying various consumer goods. Inaugurating the event, Ambassador of India Gurjit Singh said India considers Djibouti an important partner in the "Horn of Africa" and the bilateral trade has risen by 72 per cent in 2006.

The trade volume has increased by 45 per cent in 2007 and today it is about $310 million, he said. "This is indeed a significant enhancement and we are happy at the growth of our relationship with Djibouti," he added.

Source: Economic Times