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ia’s absolute trade with Bahrain has increased substantially in the quondam few years. Notably, total trade between the two countries stood at around $1,081 million in 2007-08. India has been a important exporter of textile [link widoczny dla zalogowanych], fruits, machinery [link widoczny dla zalogowanych], steel and iron, periodical, rubber and leather products to Bahrain. Alternately, Bahrain has exported oil, chemicals, pharmaceuticals, found metals, iron and plastic products to India.
Bahrain’s liberal impose building that exempts all companies, except those in the oil and gas sector, from disbursing corporate taxes is the biggest paint for most exotic investment companies. In counting, Bahrain attempts access to a extremely versed workforce [link widoczny dla zalogowanych], which makes it extra advantageous for trade and Investment .
Sectors of growth
Market analysts trust that Indian SMEs should target growth in sectors such for logistics, IT, automotive engineering, schooling and tourism in Bahrain. They further opine namely Indian telecom SMEs ought set up centres in Bahrain apt maximise their return ashore investment (RoI).
Bahrain’s Information and Communication Technology (ICT) industry is dissimilar potential section for growth. The sector is anticipated to touch $375 billion by 2010 and namely expected to grow at a lusty pace in the next 5 annuals. Indian ICT SMEs tin, therefore, grasp a considerable mall share by addressing the increasing demand because innovative IT products and services in Bahrain.
Indian SMEs in the finance sector should likewise pat the potential that exists in Bahrain’s fiscal markets. Mutual asset, funds management and personal banking are some of the most likely segments.