Indian companies are looking to exploit major bilateral trade opportunities in Kuwait as the country is currently diversifying its economy away from oil. It is set to invest in the building of infrastructure focussing on a large array of sectors such as city building, hospitals, roads, airports, metro and railway projects.
Also, on the cards is investment in traditional parts of the economy like petrochemicals, gas processing and pipelines.
Around 50 companies from India are expected to participate in the event. They will showcase a wide range of products including building material & construction equipment; bathrooms, kitchens & sanitary ware; marble, ceramic & stone; metal, steel & aluminum; concrete & related products; construction tools; conveying systems; decorative products; electrical systems; facilities management services; finishes (coating, painting, gypsum, tiling); fire suppression & protection; glass & glazing; HVAC; landscaping products & services; building services; communications; pipelines; plumbing & water technology; PMV & related products; safety & security equipment; scaffolding; software & IT; special construction (swimming pools, fountain); thermal moisture, protection & insulation; windows, doors & cladding; wood, plastic & composite, etc.
Bilateral trade between India and Kuwait currently stands at $14.58 billion. Of this, around 84% is accounted for by oil and gas imports.
