Indian High Commissioner to T&T, Pradeep Singh Rajpurohit, has called for a major push to expand bilateral trade between the countries, urging stronger exports and imports of methanol, vehicles, pharmaceuticals, and plastic products between the two countries. Speaking with businesspeople from the Greater San Fernando Chamber of Commerce at RPM Plaza in San Fernando on Saturday night, at an event titled Doing Business With India, Rajpurohit said the current level of trade is “far below the potential” and should be increased to at least US$1 billion.
“When you look at the trade numbers, it comes to about US$370 million in the last financial year,” Rajpurohit said. “Our financial year is from April to March, and Trinidad and Tobago is way ahead of us when it comes to numbers. Out of US$341 million, US$220 million is the export from Trinidad and Tobago to India, whereas our export here is US$121 million. We may say there is an imbalance, but the important point is this number is still far below the potential.” The High Commissioner said T&T’s exports to India are dominated by petrochemicals.
