Mumbai, Dec 13 (UNI) Maharashtra Tourism Minister Suresh Shetty today said Indo-China trade has surpassed all projections and there was still a wide scope to increase the trade relationship further.
Inaugurating the fifth Chinese products exposition here, Mr Shetty said that although the target for bilateral trade was 2 billion dollar by 2008, it would reach to 30 billion dollar by close of this year itself.
Over 150 leading Chinese companies are participating in the three-day exposition which features a diverse product portfolio ranging from air compressors, glassware, hardware and others.
In the 4th edition of the expo last year, there were 40,000 visitors. Mr Shetty said such exhibitions would help boost the tourism sector too.
All India Association of Industries (AIAI) Chairman Vijay Kalantri, while speaking on the occasion, emphasised the need for further enhancing the bilateral trade between India and China. The AIAI also signed a memorandum with the China Council for Promotion of International Trade on the occasion.