Embassy of India

Kuwait
*****
No. KUW/COM/201/1/2014

15 December 2014

MONTHLY ECONOMIC & COMMERCIAL REPORT FOR OCTOBER 2014

POLITICAL DEVELOPMENTS
Kuwait hosted the 3rd Ministerial Consultative Meeting of the Asian Countries
sending and receiving labour, Abu Dhabi Dialogue on 27 November which discussed
the ways and means to improve the condition of migrant workers and adopted a Pilot
Project on Skill Development, Documentation and Recognition. Continued decline in
international oil prices compelled Kuwait to review its economic policies and the
government asked its ministries to rationalize expenditure. Kuwaiti Prime Minister, in
an interview, affirmed significance of GCC unity in face of dangerous regional
challenges and expressed concern over the various power blocks engaged in
destructive operations in the region. He said that Kuwait is working hard to realize the
Amirs vision of transforming Kuwait into a financial hub and are taking measures for
financial reforms. Many Kuwaiti MPs criticized the Government for its economic policy.
On external front, the Amir of Kuwait attended a brief GCC meeting in Riyadh
on 16 November and persuaded Saudi Arabia, UAE and Bahrain to reinstate their
Ambassadors to Qatar. The Prime minister of Albania, Foreign Ministers of Iraq,
Qatar, Tajikistan and Togo, and Oil Minister of Iran visited Kuwait during the month.
On the bilateral front, the issue of implementation of US$ 2,500 bank guarantee
for bringing the female Indian domestic workers by the mission attracted criticism from
Kuwaiti MPs who raised this issue in the Parliament and asked the Ministry of Foreign
Affairs and Ministry of Interior to take retaliatory measures. Ambassador met Mr.
Khalid Sulaiman Al-Jarallah, Undersecretary of the Ministry of Foreign Affairs, on 24
November and inter alia, discussed bilateral issues including corruption in recruitment
of Indian nurses and Bank Guarantee.
I.

ECONOMIC INDICATORS
Overview

Budget: As per the preliminary data of the Kuwaiti Finance Ministry, Kuwait's
budget surplus reached KD 8.97 billion (USD 30.84 billion) in the first six months of
the current fiscal year as expenditure remained well below the initial plan. Kuwaits
public spending was at KD 6.12 billion (USD 21 billion) in April-September, below KD
11.61 billion (USD 39.82 billion) originally planned for the period. It was equivalent to
only 26% of the KD 23.21 billion (USD 79.61 billion) envisaged in the plan for 2014/15
fiscal year. State revenue was KD 15.09 billion in April-September, well above the KD
10.03 billion (USD 34.40 billion) originally projected for the period while income from
oil stood at KD 14.20 billion (USD 48.70 billion).

GDP: In its first estimate of inflation-adjusted GDP, Kuwait's Central Statistical

Bureau reported that the GDP growth in 2013 was 1.5% as compared to 6.6% in
2012. The 2012 figure was revised from the government's previous estimate of 8.3%.


Money Supply: The Central Bank of Kuwaits data showed that Kuwaits M2
money supply growth slumped to 4.3% y/y at the end of September 2014, which is the
lowest since February 2012.

Inflation: Kuwaits inflation was at 3% year-on-year in October 2014.

World Bank: The Kuwaiti Cabinet on 6th November discussed the findings of a
study conducted by the World Bank (WB) on practical steps to push forward economic
development and reform in Kuwait. The WB representative made a presentation to the
Kuwaiti Cabinet on problems and obstacles impeding economic reforms in the country
and ways to tackle them. The Cabinet applauded the positive partnership between the
WB and Kuwait and hoped for more bilateral cooperation in the future.

Subsidy: Kuwait Petroleum Corporation (KPC) has submitted a study report

related to lifting the petrol subsidy which would sharply increase the price of one liter
of petrol from 65 fils to 170 fils (USD 0.22 cents to 0.58 cents) to the Supreme Council
for Planning for it to review the study from all aspects after which it will be referred to
the Cabinet for approval and implementation. However, the study related to lifting the
subsidy on cooking gas has not been submitted so far. The sources indicated that
Kuwait consumes about 3.8 billion liters of petrol a year, which increases by 3% every
year.

Health: Kuwait spent KD1.5 billion (USD 5.14 billion) on healthcare in 2013-14.

Development Plan: Despite the current downfall in the oil prices and its impact
on the countrys budget, the Kuwaiti Government has decided to proceed with the
Development Plan which is presented to the Parliaments Finance Committee. The
projects are planned to start from December 2014 and end by third quarter of 2019.

SMEs: The National Fund for Small and Medium Enterprises (SMEs)
Development signed an MoU with the American Techstars network to explore
collaborative opportunities in the technology space in Kuwait. Techstars is a leading
world network for establishing SME incubators for ambitious entrepreneurs in
technology.
Exchange rates:

The exchange rates between Kuwaiti Dinar and Indian Rupee/$ during
November 2014 were as follows:
Date
November
November
November

KD/Rs.1000 $1000= KD
4.758
290.880
4.753
292.130
4.735
292.580

Crude Oil:

Kuwait Crude Oil Prices during November 2014:

Date
Per barrel
November 3
USD78.70
November 5
USD75.79
November 7
USD76.58
2

November 10
November 13
November 14
November 17
November 19
November 26
November 27

USD77.24
USD73.52
USD71.40
USD 72.10
USD 72.40
USD 71.92
USD 71.92

Stock Exchange

The price index of KSE fluctuated as follows during November 2014:

Date
November 2
November 6
November 10
November 16
November 23
November 30

Price Index
7,359.91
7,134.61
7,132.91
7,107.65
6,995.16
6,752.86

The Kuwait Stock Exchange (KSE) suspended 18 companies on 16 November

for failing to reveal their interim financial statements for the period ending 30
September 2014.
II. MAJOR INVESTMENTS WITHIN AND OUTSIDE THE COUNTRY/ RELATED
AGREEMENTS SIGNED / OTHER ECONOMIC DEVELOPMENTS
Banking, Finance and Investment

NBK: National Bank of Kuwait was recognized as the Best Foreign Exchange
Provider in Kuwait and in the Middle East 2014 for the second consecutive year in an
exclusive survey compiled by the financial magazine, Global Finance. NBK is the only
Arab bank enlisted among the Worlds Best Foreign Exchange Providers along with
major international financial institutions such as Citi, Deutsche Bank, HSBC, Societe
General, DBS, and Standard Bank. NBK also maintains its position among the 50
safest banks in the world for the ninth consecutive time.
NBK in association with J.P. Morgan Limited has led a consortium of
international, regional and Kuwaiti banks to arrange a syndicated loan of USD 1 billion
for Kuwait Foreign Petroleum Exploration Company (KUFPEC), a wholly owned
subsidiary of Kuwait Petroleum Company (KPC). The five-year term loan will be used
for KUFPECs general corporate purposes and to finance its international expansion
plans.

KIA: Kuwait Investment Authority had allegedly caused losses estimated at KD

427.972 million (USD 1.46 billion) to the Future Generation Fund due to
mismanagement.
Oil, Gas and Petrochemicals


KNPC: Kuwait National Petroleum Co (KNPC) plans to spend $40 billion till
2022 on projects which would include (i) a new refinery, Zour with 615,000 bpd
capacity to be completed in 2019 and (ii) a clean fuels project that also includes
expansion of Mina Ahmadi and Mina Abdullah refineries to produce high-grade
products such as diesel fuel and kerosene for exports.

KOC: Kuwait Oil Company (KOC) has managed to stimulate 90 oil wells south
and east of Kuwait that produce 90,000 bpd, and other 22 wells in the west with
15,000 bpd.
A KOC source said on 13 November that Kuwait plans to invest around USD 40
billion to increase its oil production capacity to 4 million bpd by 2020. He added that
currently low oil prices would not have an impact on Kuwaits investments to expand
its capacity.

KPC: Kuwait Petroleum Corporation (KPC) has signed two long-term crude oil
supply contracts with Shell International Trading Company (SITCO). The first contract
is a renewal of a previous one with SITCO, after doubling the agreed amount of crude.
It opens new markets such as New Zealand for the Kuwait crude and the second
contract will open the European market for Kuwaiti crude for the first time in KPC
history. As per the contracts, KPC will supply SITCO with 100,000 bpd to be marketed
on all world markets at the accredited international prices.

KUFPEC: KUFPEC, a subsidiary of KPC, had announced on 13 November that

KUFPEC Canada Inc has completed the acquisition of a 30% interest in the Chevrons
Duvernay formation in approximately 330,000 net acres of Chevron-operated leases in
the emerging liquids-rich Kaybob area of Alberta, Canada.

PIC: American Dow Chemical Companys shares in Kuwait will be handed out
as initial public offerings to Kuwaiti nationals, the CEO of the Kuwaiti-based partner
Petrochemical Industries Company (PIC) said on 13 November. On the sidelines of a
conference in Dubai, US petrochemicals giant Dow Chemical Co had announced that
as part of a $7-$8.5 billion divestiture plan, it would reduce its equity positions in all of
its Kuwaiti ventures to release capital for other strategic purposes, but it is not leaving
Kuwait.
Power

KPC: KPC is reportedly carrying out the first project in Kuwait to produce
electricity. The solar power plant is situated in Um Qadir, west of Kuwait. The project
is part of cooperation between Kuwait and the UN, under the umbrella of the
international organization's Clean Development Mechanism (CDM). The plant is
designed to produce 10 megawatts of electricity.

Water distillation plant: On 29 October, the Central Tenders Committee

(CTC) reportedly opened the bid envelopes for the construction, execution and
maintenance of a drinking water distillation plant in Sulaibiya under the Ministry of
Electricity and Water and determined that the lowest bid was KD 2.293 million (USD
7.86 million) while the highest was KD 2.772 million (USD 9.50 million).

Infrastructure

Airport Project: On 3 November, the Central Tenders Committee, Kuwait

announced on its website that the contract of international airport expansion project,
worth KD1.4 billion (USD 4.8 billion) was awarded to Kuwaits local leading
construction firm, Kharafi National. In the contract, a new terminal for Kuwait
International Airport and a new runway would be built to increase the present
passenger handling capacity from 7 million to 13 million in 2016. The airports capacity
is slated to increase to 25 million passengers by 2025. However, on 4th November,
Minister of Public Works and Electricity and Water, Abdulaziz Al-Ibrahim denied that
the tender for the new airport had been awarded to any entity.
Logistics

KAC: KAC has agreed to buy 10 Boeing 777-300ER jets with delivery to begin
in two years. The value of the deal is undisclosed. The contract is expected to be
signed soon and delivery of planes will begin in November 2016.

Agility: Kuwaiti logistics firm Agility is planning to buy a 35% stake in Kuwait
Airways.

Jazeera Airways: On 25 November, Jazeera Airways reported that its

operational performance showed a 5% increase in total flown passengers from
September 2013 and 96% of on-time performance.
III.
MAJOR ECONOMIC & COMMERCIAL DEVELOPMENTS WITH OTHER
COUNTRIES, INCLUDING TRADING AGREEMENTS PROPOSED/ FINALIZED
INDIA-BILATERAL

Meetings: Ambassador met Abdul Hamid Failakawi, Director (Arab States) in

the Ministry of Foreign Affairs on 3 November; Mr. Dhari Arjan Al-Arjan, Chief of
Protocol, on 16 November; and Mr. Khalid Sulaiman Al-Jarallah, Undersecretary of the
Ministry of Foreign Affairs on 24 November and inter alia, discussed bilateral issues
including corruption in recruitment of Indian nurses and Bank Guarantee of USD 2500
for bringing Indian female domestic worker to Kuwait.

Conference: Kuwaiti Minister of Commerce and Industry Abdulmohsen AlMedeij led a Kuwaiti delegation to the 4th India-Arab Partnership Conference in New
Delhi on 26-27 November. Speaking at the opening ceremony of the event, he
highlighted the bilateral historical ties with India terming them as "distinguished and
set on solid basis of friendship and mutual understanding." He said that Kuwait and
India have worked hard to deepen relations and added that Kuwait was looking
forward to the 3rd Joint Ministerial Committee (JMC) with India to be convened by the
end of the year to promote economic, trade, technical and scientific cooperation. He
also said that India was among Kuwait's top 10 trade partners and invited Indian
companies and investors to take part in Kuwaits ambitious Development Plan.


Bank guarantee: Ministry of Foreign Affairs has rejected the new procedures
of Bank Guarantee of USD 2,500 (KD 720) implemented by the Indian Embassy to
bring Indian female domestic workers to Kuwait.

Nurses: On 13 November, Ambassador met the representatives of 450 Indian

nurses who lost their jobs in Kuwait after the Kuwaiti Ministry of Health had cancelled
the license of the recruiting company, M/s Al Essa Medical & Scientific Equipment Co.
W.L.L in October 2014. The company agreed to provide necessary clearance to those
nurses who wish to transfer their residency and air tickets to those who wish to leave
Kuwait.

ADD: The 3rd Ministerial Consultative Meeting of the Asian countries sending
and receiving labour, Abu Dhabi Dialogue (ADD) was held in Kuwait on 27 November.

Visit: Dr R.K. Muneer, Minister of Panchayats and Social Welfare, Government

of Kerala visited Kuwait on a private visit on 6 November and discussed with
Ambassador the issues concerning the local Indian community.

TERI: Dr R.K. Pachauri, DG, TERI & Chairman, IPCC, visited Kuwait on 27
November for a plantation ceremony organized by TERI, which is carrying out a soil
remediation project in Kuwait. He also met officials of KPC on energy issues.

IITF: 14 Kuwaiti companies participated in the 34th India International Trade

Fair held in New Delhi from 14-27 November 2014 and displayed their products such
as building materials, foodstuff and textile.

Exhibition: Indians in Kuwait (IIK) organized an Indian Property Exhibition in

Kuwait on 28-29 November 2014 wherein builders from different cities in India
exhibited their projects.

Seminar: Mr. Avinash Kulkarni, Executive Vice President & Group Head
(Capital Markets Group) and Mr. Puneet S. Deshpande (Manager, DCM), SBI Capital
Markets Limited (SBICAP) visited Kuwait on 10 November 2014 and participated in a
Seminar titled India Ache Din Aa Gaye? / Have the good times come? organized
by Al-Mulla Exchange Company, Kuwait. During their visit, Mr. Kulkarni and Mr.
Deshpande met senior officials in the Kuwait Investment Authority, Kuwait Petroleum
Corporation and Asiya Investments and discussed equity and debt investments
opportunities in India.
Other countries

Argentina: Kuwait Fund For Arab Economic Development (KFAED) and

Argentinas San Juan Province had signed a loan agreement of USD 110 million to
contribute to projects in vital region and to establish good relations with all countries
across globe.

Albania: Albanian Prime Minister Edi Rama visited Kuwait on 19-20 November
and met the Kuwaiti PM, First Dy. PM and Foreign Minister, Minister of State for
Cabinet Affairs, Minister of Finance and discussed bilateral, regional and international
issues. During the visit, agreements / MOUs on mutual visa exemption, environment,
sustainable development, public health, medical sciences and export development
6

were signed. Albanian PM called on Kuwaiti business companies to invest in Albania.

The delegation also visited KCCI and discussed ways to strengthen and develop trade
and economic cooperation between the two countries.

Bangladesh: Kuwait Petroleum International (KPI), affiliated to Kuwait

Petroleum Corporation (KPC), is currently looking to construct a crude oil refinery in
Bangladesh with a capacity of 10 million tons per annum at an estimated value of USD
6.0 billion. For this purpose, a KPI delegation visited Bangladesh in the last week of
October 2014 and met top officials of Bangladesh Petroleum Corporation (BPC) and
Board of Investment (BoI). The Government of Bangladesh would reportedly provide
various facilities for the project, such as, land, electricity, fresh water, roads and
communication, tax holiday and 100 percent profit repatriation benefit for the project
and its foreign employees.

Brunei: The 2nd meeting of the Kuwait-Brunei Joint Committee was held in
Kuwait on 23 November where both sides discussed cooperation in the fields of
economy, higher education, trade & investment, petroleum and IT.

China: Kuwaits crude oil exports to China rose by 27.8% in October 2014 from
a year earlier to 986,000 tons equivalent to around 233,000 bpd. KPC signed a
landmark deal with Chinas Unipec in September 2014 by which KPC will supply
300,000 bpd of crude oil for 10 years.

Djibouti: During the visit of Djibouti's Minister of Finance, Elias Musa at the
Kuwait Chamber of Commerce and Industry (KCCI) on 3 November, KCCI Chairman
Ali Al-Ghanim said that the level of economic and trade relations between Kuwait and
Djibouti fell short of expectations and it should be promoted and deepened.

Honduras: During the two-day visit of Deputy Foreign Minister of Honduras to

Kuwait on 24-25 November, 4 new framework agreements were signed between the
two countries on trade & investment, cultural exchanges, education and agriculture.

Iran: Mr. Bijan Zanganeh, Iranian Oil Minister visited Kuwait and met the Amir
on 11 November and handed over a letter from President Hassan Rouhani. He also
met his Kuwaiti counterpart Dr. Ali Al-Omair and discussed latest developments in the
oil market.

Iraq: Iraqi Foreign Minister Ibrahim Al-Jaafari, visited Kuwait on 1 November

and held discussions with the Kuwaiti Amir, Crown Prince and First Dy. PM and
Foreign Minister on bilateral, regional and international issues.

Italy: On the sidelines of the 2nd International Conference on Nutrition (ICN2) in

Rome on 19-21 November, Ali Saad Al-Obaidi, Kuwaiti Minister of Health met his
Italian counterpart Beatrice Lorenzin and discussed strengthening medical
cooperation between the two countries.

Japan: As per the Kuwaiti Ministry of Finance, Kuwait's trade surplus with
Japan widened 10.6% in October 2014 to JPY 107.4 billion (USD 904 million) from a
year earlier. Kuwaiti overall exports to Japan increased 12.3% to JPY 128.3 billion
(USD 1.1 billion) for the first time in two months, and imports from Japan gained
22.3% year-on-year to JPY 20.8 billion (USD 175 million), up for the fourth month.
7


Jordan: On 23 November, KFAED donated USD 18 million to Jordan to help
from influx of Syrian refugees. KFAED has contributed about KD 172 million (USD 590
million) to various development projects in Jordan during 1962-2013.

Malaysia: Kuwait participated in the 5th OIC World Biz and Muslim World Biz
exhibition and Conference 2014 in Kuala Lumpur from 10-14 November. The theme
was Towards Excellent Global economies and its objective was to enhance intratrade among the Muslim countries while providing an ideal platform for governments,
corporations, international investors, industry players and entrepreneurs from all parts
of the world.

Oman: Kuwait Fund for Arab Economic Development (KFAED) and Oman
signed an agreement in Muscat on 12 November 2014 whereby KFAED will offer
USD1.75 billion to finance Al Batinah Expressway project in Oman. The amount
comes within the Framework Agreement signed between Oman and Kuwait on 27
May 2013 for the utilization of a grant of USD 2.5 billion allocated by the State of
Kuwait to finance development projects in Oman.

ROK: The Kuwait-ROK Joint Committee meeting on energy was held on 24

November in Seoul to discuss oil related issues and bilateral relations.

Saudi Arabia: On 3 November, the work at Dorra gas field which Kuwait
shares separately with Iran & Saudi Arabia was stopped due to differences between
Kuwait and Saudi Arabia over the routing of the gas. Saudi Arabia wants Dorra gas to
be pumped through Khafji and then divided between the two countries; whereas
Kuwait is insisting to take its share directly from the oil filed. Kuwait and Iran have had
unsuccessful talks for over 10 years to demarcate their maritime borders in the area.
Kuwait needs share in the Dorra field as it lacks the natural gas. The recoverable
reserves at Dorra are estimated to be around 220 billion cubic metres.

Spain: Jaime Garcia-Legaz, Secretary of State for Trade of Spain visited

Kuwait on 23 November and met Kuwaiti Minister of Commerce and Industry Dr.
Abdulmohsen Al-Madeijj and discussed bilateral economic and trade relations. The
Kuwaiti Minister called on Spanish companies to take advantage of big opportunities
offered by Kuwait in the field of developmental projects, focusing on the country's new
economic legislations which encourage and target foreign investors.

Togo: Deputy Prime Minister and Foreign Minister Sheikh Sabah Khaled Al
Hamad Al-Sabah met visiting Togos Finance Minister on 4 November and discussed
bilateral cooperation. Both sides signed an agreement on economic and technical
cooperation on 5 November, which envisaged the launching of a joint ministerial
committee on the various aspects of economic cooperation.

UK: Kuwait Investment Authority (KIA) invested USD 1.5 billion in Cale Street
Partners in London, a property investment firm launched by former Goldman Sachs
partner Ed Siskind. KIA is the single shareholder in Cale Street Holdco Limited set up
as Cale Street Partners.
IV INTERNATIONAL/MULTILATERAL ACTIVITIES
8


GCC: The Amir of Kuwait attended a brief GCC meeting in Riyadh on 16
November. After the Amirs efforts Saudi Arabia, UAE and Bahrain decided to
reinstate their ambassadors to Qatar.
Dr. Abdulmohsen Al-Medeij, Kuwaiti Minister of Commerce and Industry
headed the 50th meeting of GCC Ministers of Commerce in Saudi Arabia on 5th
November. The meeting discussed developing commercial cooperation at national,
regional and international levels.

GCC e-Gate: On 24 November, Kuwait hosted the 14th meeting of the

Executive Committee of the GCC Government e-gates in connecting people to
governments and to review the joint GCC action to develop e-services to GCC
nationals in order to improve GCC states rank on the UN Development index. Kuwait,
Saudi Arabia and Qatar have already linked their e-government portals.

UNIDO: Kuwait was elected as deputy chairman of the board of director during
42nd Conference of the United Nations Industrial Development Organization (UNIDO)
on 26 November.

UN: Permanent Delegate of Kuwait to the United Nations, Ambassador

Mansour Al-Otaibi while speaking at the UN Pledging Conference for Development
Activities on 10 November, announced that Kuwait has set aside donations totaling
USD 6.4 million to various UN agencies for 2015.

FAO: Ali Saad Al-Obaidi, Kuwaiti Minister of Health and Ms. Nabila Al-Khalil,
Chairman and Director-General of Kuwait's Public Authority for Agriculture Affairs and
Fish Resources (PAAAFR), attended the 2nd International Conference on Nutrition
(ICN2) in Rome on 19-21 November. On the sidelines of the Conference, Ms. Nabila
Al-Khalil, DG, PAAAFR met FAO Director-General Jose Graziano da Silva and
discussed, inter alia, opening a FAO office in Kuwait.
V. TRADE DATA, ENQUIRIES, EXHIBITIONS, ETC.

Correspondences on trade enquiries from India and Kuwait as per details, at

Annexure A were received and processed by this Mission.

Kuwaits trade with major countries may be seen at Annexure B.

Kuwaits total trade with India and Kuwaits five major items of imports and
exports with India at Annexure C.

A list of useful websites is at Annexure D.

Details of forthcoming trade exhibitions, to be held in the forthcoming months of

2014, in Kuwait are at Annexure E.
This issues with the approval of Ambassador.

(B.S. Bisht)
Attache (Political & Commerce)
9

Annexure A
Trade Enquiries from India during the month of November 2014
Sl.
Contact details
No.
1
Mr. Thanveerul Aklam
Al Awwal Exim,
83A, Palani Road, Udumalpet,
Tamil Nadu.
E-mail Id: aklamalawwal@gmail.com
2
Mr. Sunil Dabholkar
NL-1-B/52/2, Phase II, Sector-10,
Nerul, Navi Mumbai 400 706
Email : info@sophiaimpex.in
3
Mr. Prabhakaran
Managing Director
PRS Exports - India
E-mail Id: prsexports14@gmail.com
4
Mr. A K Agrawal
CEO, Singhal Trading Corporation,
Krishna Complex, B-Wing, 4th Floor,
Opp. Viacom-18, Near Garware House,
Subhash Road, Mumbai
Email : pulses@vsnl.com
Singhal1949@yahoo.co.in
5
Mr. Ravi Tomar
Vindhya Cereals Pvt. Ltd.
Email : ravitomar11@gmail.com
6
Mr. N. Shankar
Email : shankarn.1972@india.com
7
Mr. Shubham Choubey, CEO
Shivri Exports India
Email : shivri.com@gmail.com
ceo@shivri.com
8
M/s Lingam Exports
119/45, North Oppanani Street, Tenkasi,
Tirunelveli District, Tamil Nadu
Email : lingmaexports.tsi@gmail.com
9
Ms Kasturi Nandy
Executive Officer,
Indian Chamber of Commerce, Kolkata
Email : b2bdesk@indianchamber.net
10 Mr. Amit Bapna
Dashrath International,
Jaipur
Email :
dashrath.international@gmail.com
11 Mr. Jai Bilani,
Mona Food Products, Jaipur
Email : jaibilani896@yahoo.com
12 Mr. P.K. Saraogi, Partner,
Parwati Lakh Udyog
135A, Chittaranjan Avenue
3rd Floor, Room No. 30,

10

Product details
Garments, footwear and agri-products

Petroleum Products

Agricultural products and Vegetables

Animal Feed Products and list of

Animal Feed Manufacturers

Basmati Rice

Textile Products
Sarees and artifacts

cotton saree and cotton lungi

Readymade garments

Precious and semi precious stones

Pharmaceutical and cosmetics

shellac

13

14

15

16
17

18

19

20

21

22

23

Kolkata
Email : parwati@cal2.vsnl.net.in
Mr. Vinod Singh Gathala
S-4, Subh Laxmi Tower Central Spine,
Vidyadhar Nagar, Jaipur,
Rajasthan - 302023
Email : stonentilesexporter@gmail.com
Ms. A D Shethia, Proprietor
Sai Enterprises
14 Netaji Subhas Road,
Kolkata 700001
E-mail : akshayam@rediffmail.com
M/s Shri Venue Exports,
4A, Dhun Building,
Dadasaheb Phalke Road,
Sant. Gadage Maharaj Lane, Dadar
Mumbai- 400 014
E-mail : venue@mtnl.net.in;
shrivenueexports@yahoo.co.in
M/s TNK Exports
Email : tnkexports@gmail.com
Mr. Hiren Shukla
Tri-Corn Metal
Plot no.:3450, F-Road, Lal bapu Road,
Phase-3, GIDC, Dared, Jamnagar
Gujarat-361004
E-mail Id: shukla.hiren0210@gmail.com
Mr. Rishi Puri,
Luminoous Water Technologies Pvt. Ltd.
(A SAR group company)
221, Udyog Vihar, Phase I
Gurgaon
E-mail :
rishi.puri@luminouswatertech.com
Mr. A Jayaprakash
Prakash Traders.
E-mail Id: prakashtraders.ind@gmail.com
Mr. Sarthak Kagrana
Kagrana Brothers,
Porbandar Road, Mangrol 362225
Junagadh, Gujarat
Email : kagranabros@gmail.com
Mr. D Chelladurai, Proprietor
DC International Exports and Imports,
#44, 5th cross, 8th Main Hoysala Nagar,
T C Palya Main Road,
Bangalore 560016, Karnataka
E-mail Id: info@dcintexports.com
Mr. Deepesh Shah
Cosmos Sales Corporation
Pune
E-mail :
deepeshshah@cosmossales.com
Mr. B. K. Chaudhary, Export Manager
Jay Enterprise,

11

Stone and Tiles

Industrial Leather Hand Gloves,

Leather Goods, C.I.Castings &
Fashionable Jute Bags

Herbs, Spices, Rice and Other

Foodstuff items

Lungi
Brass Electrical Earthing Accessories

water treatment/purification

Agricultural products and Vegetables

Groundnuts/ Peanuts and other agro

commodities

Agricultural products and Fruits &

Vegetables

Construction Machinery and

equipment

Seeds

24

25

26

27
28

29

30

31

32

33

Sampad, Prantij, Sabarkantha 383120

Gujarat
Email: bkchoudhary20@gmail.com
Jayaenterprise1511@yahoo.com
Mr. Stephen Raj,
ASP International (Export Commission
Agent),
Namachivayam Ellam Door 34,
Easwaran koil Street,
Thirumazhisai 600124
Tamil Nadu
E-mail Id:
aspinternationaltrade@gmail.com
M/s Alab International General Trading
Co.
Kuwait
E-mail Id: alab_igtc@yahoo.com
Mr. K. Chandrasekar, Proprietor,
Chandrasekar International, 10/55,
Kunnagalpalayam, Veerapandi P.O,
Palladam Road, Tirupur 641605, Tamil
Nadu
Email: chandrasekar.1987@gmail.com
Mrs. Hemalatha Manoharan
Email: hemalathash30@gmail.com
Mr.Manish Rohira
Eleven International
Mumbai
E-mail :
eleven_international@yahoo.co.in
Mr. Ankesh Mittal,
Manohar International Pvt. Ltd.
201-2012, Iscon Avenue,
Near Municipal Market, C.G. Road
Ahmedabad-380009
E-mail : foils.exim@gmail.com
Mr. Hardik Parekh, Sales Engineer
BIAX Metals (BIAX group company)
A-55, New Empire Industrial Estate,
Kondivita Road, Andheri East,
Mumbai 400059
E-mail : hardik@biaxgroup.com
Mr. Shiv Chawla
Kalatmak Ladies suits Pvt Ltd.
1/3422, Reghar Pura, Karol Bagh
Bew Delhi 110005
Email : info@kalatmakladiessuits.in
Mr. Shashikant, Patner
M/s Pariso Overseas, Rajkot,
Gujarat
E-mail : info@parisooverseas.com
Mr. R. Sethuraman, Proprietor
KRN Exports and Imports,
No.1/607, Pallivasal Street,
Poolangudi colony, Happ-Post,

12

Agricultural products, Garments and

Furniture

Plastic food containers

Spices, onion, sugar etc.,

Papad
Tea, Coffee, Spices, Animal Feeds,
Edible oils, Sugar, Frozen meats,
Fish, Vegetables, fruits, etc.

Household and Hairdressing

aluminium foils

Electrical cable accessories and

Lightning and Earthing Protection
System

Textiles

Ceramic products

Agricultural products, flowers, fruits

and vegetables

34

35

36

37

38

39

40

41

42

43

Trichy 620025, Tamil Nadu

E-mail : krn.sethu@yahoo.com
Mr. P Palani
Lavannya Exports(Commission Agent)
D.No 1/191, 10th Street, M.G.R Nagar
Gingee 604202, Villupram Dist.
Tamil Nadu
E-mail : lavannyaexports@gmail.com
Mrs. Rajani
Kavin Carbon Pvt Ltd
E-mail Id: rajani@kavincarbon.in
Mr. Pradeep Gupta
Shree Hans Rice and General Mills
Nadana Road, Taraori - 132116, Haryana
E-mail : shreehansrice@hotmail.com
Mr. Dhruv Patel, Executive International
marketing
Thakar Export and Import
Trajpar Chokdi, near 8A National
Highway
Bhagvati Chamber Morbi-36364, Gujarat
E-mail : thakarexim@gmail.com
Mr. Abhishek Trivedi, Director,
M/s Riddhi Siddhi Recyclers Pvt. Ltd.
Kheda, Dholka Road, Kheda District
40 Kms Ahamedabad, Gujarat
Email : agtrivedi@gmail.com
Mr. Gagandeep Singh,
AGM-International Sales,
M/s CK Birla Group/ Orient Electric,
82, 2nd floor, Okhla Industrial Estate
Phase III,
New Delhi 110020
Email:
gagandeep.saluja@orientelectric.com
Mr. Rajendra Dhaka, MD
SS IMEX Pvt. Ltd.
E-mail Id: mdimex@ssglobalgroup.com
Ms. N H Bhatt
M/s Orbit Exim
12, Manharpark, subhanpura,
Vadodara, Gujarat
Email : orbitexim2014@gmail.com
Mr. Rajnikant Bharodiya
Soham Textiles Group
P/689, New GIDC Katargam,
Surat, Gujarat
Email: soham.textiles.group@gmail.com
Mrs. Supriya K.V
Centum Enterprises
#136, 3rd cross, Milk colony,
Malleswaram west, Bangalore 560055
Karnataka
Email: info@centumgroups.com

13

Paper plates, Red chillies, groundnuts

Activated Carbon

Rice

ceramic products

Kraft Paper

Building Materials/ Electrical products

Rice, Chickpeas, Spices, Fruits &

Vegetables
All Steel Products and Engineering
Products

Textile Products (all kinds of fabrics)

Medical equipments and food

products

44

45

46

47

48

49

50

51

52

53

Mr. Santhosh Kumar

USHA industries
Email: marketingacjx@gmail.com
Mr. Binu Prasad
Director,
Red Tomato Hotels (P) Ltd.,
Vaduthala, Ernakulam,
Kerala - 682 023
E-mail Id: binu@tomatohotels.com
Mr. James.E
Kathir Fruits & Vegetables
E-mail Id: exports@elidajames.co.in
Mr. Dhruv Patel, Executive International
marketing
Thakar Export and Import
Trajpar Chokdi, near 8A National
Highway
Bhagvati Chamber Morbi-36364, Gujarat
E-mail : thakarexim@gmail.com
Mr. Jaydeep Bhimani
Varmora Granito Pvt. Ltd.
8A, National Highway, At-Dhuva
Tal.Wankaner, Rajkot Dist.
Gujarat
E-mail : int.sales@varmora.com
Mr. Anush Jain
MIPL-Manohar International Pvt. Ltd.
201-202, Iscon Avenue, Near Municipal
Market
C.G. Road, Ahmedabad
Gujarat.
E-mail Id: ipd.exim@gmail.com
Mrs Divya
Luxury International
Tamil Nadu
E-mail Id: luxuryintl@outlook.com
Mr. Shailendra Kumar
Kirorimal Kashiram Marketing and
Agencies Priv. Ltd.
Off No.607, D mall, 6th floor,
Neta Ji Subhash Place, Pitampura
Delhi - 110034
Email: shailendra@doubledeer.co.in
Mr. Amit Dhingra
Solace International,
B-3/453, Paschim Vihar,
New Delhi - 110063
Email: solaceintl1@gmail.com
Mr. Sajit S Pillai
Universal Engineers
Ahmedabad, Gujarat
E-mail Id: universalengineer@gmail.com

14

Brake pads and brake shoes

Tour operators and Travel Agents

Fruits & Vegetables

Sanitary ware

Ceramic products and construction

raw materials

All kinds of Drum accessories

Wooden Furniture & handicrafts

Basmati rice

Rice and sugar

Hydraulic Presses, C.V

Joints, Hydraulic Cylinders, Slewing
bearings, Universal Joints, Automatic
Gears, Non Ferrous Items, Shafts &
Rolls, Ferrous Items, Automatic
Valves and Ferrous Castings, Gear
Boxes, Blowers & Impellers, Bearing

Housings, Accoutrement Bollocks and

Pressure Plates, etc.,
home appliances

54

Mr. Karan Singh

Videocon
India
Email: karan.singh@videocon.com

55

Mr. Ashish Agarwal, Sr. Manager Intl

Trade,
Regd. Office, 229, AJC Bose Road,
Crescent Tower, 6th Floor, Kolkata 700020
Email: anmol@anmolbiscuits.net
Mr. Parvez Khan
M/s Arva Overseas
Jhalawar, Kota, Rajasthan
Email: arvaoverseas@hotmail.com

Biscuits

Mr. D.G. Kulkarni,

Sunil Forging & Steel Industries (Unit II),
Tondre Village, F 141, MIDC, Taloja,
Mumbai - 410208
E-mail: sfsi.mktg@gmail.com

all types of forgings

56

57

agricultural products, spices, herbals

etc.,

Trade Enquiries from Kuwait during the month of November 2014

Sl.
Contact details
No.
1. Mr. Sanjay Henriques,

2.

3.

Product details

Software technology parks in India

Operations Manager,
M/s National Web Solutions
Company,
Kuwait
Email: sanjay@mawaqaa.com
Mr. Ehsan Al Shalabi,
Kuwait
Email: huda51@yahoo.com

Real estate business in India.

Plastic containers

Mr. Ram
M/s Alab International
Kuwait
Email: alab_igtc@yahoo.com

15

Annexure B
i)

Principal import and exports with other countries

a) Top Ten Countries Exporting to Kuwait

COUNTRIES

2011
KD

(in million)
2013

2012
US$

KD

US$

KD

US$

China

1,024

3,675

1,007

3,614

1,114

3,988

U.S.A

741

2,659

762

2,734

823

2,946

United Arab Emirates

442

1,586

554

1,988

743

2,659

Japan

458

1,643

598

2,146

630

2,255

Germany

457

1,640

488

1,751

561

2,008

Saudi Arabia

398

1,428

401

1,439

399

1,428

Italy

265

951

362

1,299

344

1,231

India

412

1,478

364

1,306

332

1,188

South Korea

263

943

342

1,227

323

1,156

United Kingdom
186
667
235
Source: Central Statistical Bureau, State of Kuwait

843

233

834

b) Top Destinations of Kuwaits Non-Oil Exports

COUNTRIES

2011
KD

(in million)
2013

2012

US$

KD

US$

KD

US$

China

228

818

234

839

293

1,049

United Arab
Emirates

189

678

204

732

237

848

India

176

631

182

653

203

726

Saudi Arabia

189

678

197

707

199

712

24

86

158

565

Turkey

62

222

67

240

84

300

Pakistan

68

244

63

226

63

225

U.S.A

51

183

80

287

56

200

63

226

54

193

Indonesia
35
125
94
Source: Central Statistical Bureau, State of Kuwait

337

52

186

Iraq

Taiwan

16

Annexure C
i)

Trade Between India and Kuwait

April 2011March
2012

INDIAS EXPORT TO KUWAIT

(in Million US$)

April 2012- April 2013March
March
2013
2014

1,181.41

1,060.80

1,065.14

INDIAS IMPORT FROM KUWAIT

16,375.37

16,569.63

17,153.52

TOTAL TRADE

17,556.78

17,630.43

18,218.66

Source: Department of
All figures on FOB basis.

Commerce,

M/o

Commerce

&

Industry,

GOI

ii) Indias trade with Kuwait

Top five items of Exports to Kuwait
S.No
Commodity

2013-2014
Value
(in Million US$)

1.

CEREALS.

267.37

NUCLEAR REACTORS, BOILERS, MACHINERY AND

MECHANICAL APPLIANCES; PARTS THEREOF.

74.80

2.

ELECTRICAL MACHINERY AND EQUIPMENT AND

PARTS THEREOF; SOUND RECORDERS AND
REPRODUCERS, TELEVISION IMAGE AND SOUND
RECORDERS AND REPRODUCERS, AND PARTS.

74.91

3.

MEAT AND EDIBLE MEAT OFFAL.

68.25

4.

ARTICLES OF APPAREL AND CLOTHING

ACCESSORIES, NOT KNITTED OR CROCHETED.

38.35

5.

ARTICLES OF APPAREL AND CLOTHING

ACCESSORIES, KNITTED OR CORCHETED.
Source : Department of Commerce, M/o Commerce & Industry, GOI

36.31

Top five items of Imports from Kuwait

Sl.
Commodity
No

2013-2014
Value
(in Million US$)
16,121.78

MINERAL FUELS, MINERAL OILS AND PRODUCTS OF

THEIR DISTILLATION; BITUMINOUS SUBSTANCES;
MINERAL WAXES.

ORGANIC CHEMICALS

729.06

PLASTIC AND ARTICLES THEREOF.

105.35

IRON AND STEEL

52.68

ALUMINIUM AND ARTICLES THEREOF.

40.93

Source : Department of Commerce, M/o Commerce & Industry, GOI

17

Annexure D
List of useful websites on Kuwait
i)
Official
1. www.e.gov.kw

Official website of the State of Kuwait

2. www.mof.gov.kw

Ministry of Finance

3. www.moo.gov.kw

Ministry of Energy

4. www.moci.gov.kw

Ministry of Commerce & Industry

5. www.kcci.org.kw

Kuwait Chamber of Commerce & Industry

6. www.kpc.com.kw

Kuwait Petroleum Corporation and its

subsidiaries

ii)

iii)

Local Trade Bodies

Banks and financial institutions

7. www.cbk.gov.kw

Central Bank of Kuwait

8. www.nbk.com

National Bank of Kuwait

9. www.cbk.com

Commercial Bank of Kuwait

10. www.kia.gov.kw

Kuwait Investment Authority

11. www.kuna.net.kw

Kuwait News Agency

12. www.kuwaittimes.net

Kuwait Times

iv)

Media

13. www.arabtimesonline.com :

Arab Times

14. www.kuwaitsamachar.com :
Kuwait.

News about Kuwait, India and Indian expatriates in

v)

About Kuwait

15. www.arab.net.kuwait

For research on Kuwait, etc.

16. www.kif.net

Kuwait International Fair Company (KIFCO)

18

Annexure E
Kuwait International Fair organizes fairs and exhibitions in Kuwait. The calendar of
events for the year 2014-15 is reproduced below:
Specialized Exhibitions

Date
22.10.2014 - 01.11.2014
22.10.2014 - 01.11.2014
24.10.2014 - 02.11.2014
17.11.2014 - 22.11.2014
20.11.2014 - 29.11.2014
14.12.2014 - 20.12.2014
18.12.2014 - 27.12.2014
20.12.2014 - 30.12.2014
22.12.2014 - 03.01.2015
21.01.2015 - 31.01.2015
25.01.2015 - 31.01.2015
25.01.2015 - 30.01.2015
09.02.2015 - 14.02.2015
01.03.2015 - 07.03.2015
02.03.2015 - 05.03.2015
05.03.2015 - 07.03.2015
24.03.2015 - 04.04.2015
24.03.2015 - 04.04.2015
06.04.2015 - 11.04.2015
15.04.2015 - 25.04.2015
20.04.2015 - 25.04.2015
22.04.2015 - 02.05.2015
11.05.2015 - 13.05.2015
28.05.2015 - 06.06.2015
07.07.2015 - 11.07.2015
14.09.2015 - 16.09.2015
06.10.2015 - 15.10.2015
21.10.2015 - 31.10.2015
21.10.2015 - 31.10.2015
17.11.2015 - 21.11.2015
19.11.2015 - 28.11.2015

Exhibition Name
Specialized Watches Exhibition
Autumn Perfumes Exhibition
Arabian & International Products
Exhibition
Kuwait International Property
Show
Arabic Books Exhibition
Kuwait International Automobile
Exhibition
Food Exhibition
Syrian Products Exhibition
Food Exhibition
Arabian & International Products
Exhibition
InfoConnect
Laha Thikher Exhibition
Al Takatof Al Kuwaiti National
Industries Expo
Kuwait Oil Company Annual
Exhibition
EDUCAREER
Q8 Food & Festival

Hall

Hall 8
Specialized Exhibitions
Hall 5, 6 & 7 Specialized Exhibitions
Hall 4B
Specialized Exhibitions
Hall 8

Specialized Exhibitions

Hall 5, 6 & 7 Specialized Exhibitions

Hall 5, 6 & 7 Specialized Exhibitions
Hall 8
Hall 4B
Hall 5
Hall 4

Specialized Exhibitions
Specialized Exhibitions
Specialized Exhibitions
Specialized Exhibitions

Hall 6
Hall 4A
Hall 8

Specialized Exhibitions
Specialized Exhibitions
Specialized Exhibitions

Hall 8

Specialized Exhibitions

Hall 5
Hall 5
(Backside)
Specialized Watches Exhibition Hall 4A
Perfumes & Cosmetics
Hall 5, 6 & 7
Exhibition
Real Estate & Investment
Hall 8
Exhibition
Islamic Books Exhibition
Hall 5
13th International Gold & Jewelry Hall 8
Exhibition
Outlet Exhibition
Hall 4B
Kuwait Travel Market
Hall 8
National Industries Exhibition
Hall 8
Hajj Expo
Hall 4A
BIG 5 Kuwait
Hall 6
Oil and Gas Exhibition
Hall 4
Specialized Watches Exhibition Hall 8
Autumn Perfumes Exhibition
Hall 5, 6 & 7
Kuwait International Property
Hall 8
Show
Arabic Books Exhibition
Hall 5, 6 & 7

Consumer Exhibitions

19

Category

Specialized Exhibitions
Specialized Exhibitions
Specialized Exhibitions
Specialized Exhibitions
Specialized Exhibitions
Specialized Exhibitions
Specialized Exhibitions
Specialized Exhibitions
Specialized Exhibitions
Specialized Exhibitions
Specialized Exhibitions
Specialized Exhibitions
Specialized Exhibitions
Specialized Exhibitions
Specialized Exhibitions
Specialized Exhibitions
Specialized Exhibitions

Date
06.11.2014 - 15.11.2014
20.11.2014 - 29.11.2014
18.12.2014 - 27.12.2014
1.12.2014 - 10.01.2015
05.02.2015 - 14.02.2015
19.02.2015 - 28.02.2015
05.03.2015 - 14.03.2015
17.03.2015 - 28.03.2015
09.04.2015 - 18.04.2015
23.04.2015 - 02.05.2015
07.05.2015 - 16.05.2015
21.05.2015 - 30.05.2015
03.06.2015 - 13.06.2015
04.06.2015 - 17.06.2015
01.07.2015 - 11.07.2015
06.08.2015 - 15.08.2015
20.08.2015 - 29.08.2015
05.11.2015 - 14.11.2015
19.11.2015 - 28.11.2015

Exhibition Name
Winter Shopping Exhibition
Autumn Consumer fair
Winter Fashion Fair
End of Year Exhibition
International Spring Exhibition
Independance Exhibition
International Shopping Exhibition
Gifts Exhibition
Spring Shopping Exhibition
Summer Fashion Fair
International Exhibition
International Trade Fair
Family Expo
Ramadan Food Exhibition
Ramadan & Eid Exhibition
International Summer Exhibition
Summer Exhibition
Winter Shopping Exhibition
Autumn Consumer fair

20

Hall
Hall 4B
Hall 4
Hall 4A
Hall 4
Hall 4
Hall 4
Hall 4B
Hall 4
Hall 4B
Hall 4A
Hall 4B
Hall 4
Hall 5
Hall 4
Hall 4B
Hall 4B
Hall 4
Hall 4B
Hall 4

Category
Consumer Exhibitions
Consumer Exhibitions
Consumer Exhibitions
Consumer Exhibitions
Consumer Exhibitions
Consumer Exhibitions
Consumer Exhibitions
Consumer Exhibitions
Consumer Exhibitions
Consumer Exhibitions
Consumer Exhibitions
Consumer Exhibitions
Consumer Exhibitions
Consumer Exhibitions
Consumer Exhibitions
Consumer Exhibitions
Consumer Exhibitions
Consumer Exhibitions
Consumer Exhibitions