Greek exports to India grew 2.7 pct in 2016, while imports from India rose 4.3 pct in the same year, after an increase of 10.6 pct and a decline of 11.8 pct in 2015, respectively, the Greek embassy in New Delhi said in its annual report on India’s economy.
The report noted, however, that with the exception of tourism, bilateral economic relations between Greece and India remained at low levels, while the trade balance remains negative for Greece.
The report said that there were 20 Greek investments in India, while the number of tourists from India to Greece has been rising steadily in the last few years. It added that an increasing reputation of Greek cuisine in the Indian sub-continent was expected to boost Greek exports to India, particularly in the food sector. The report also noted that sectors such as renewable energy sources, shipping, IT, defense could become fields of joint action between the two countries.
The top Greek investments in India are:
1 Adventus Laboratories (India) Pvt. Ltd Pharmathen S.A.2 Alumil India Pvt Ltd Alumil3 AMD Telecom Pvt Ltd AMD Telecom SA4 Arkay Glencork pvt ltd The Pisani Group5 Chipita India Pvt Ltd Chipita SA6 Danaos Software Services Pvt Ltd Danaos SA7 Eurocert India Eurocert SA8 Frigoglass India Pvt. Ltd. Frigoglass SA9 HT Mobile Solutions Ltd, Veltis Greek Shareholders10 Indigreek Consulting Indigreek Consulting11 Intracom Sitronics Pvt. Ltd. Intrakom SA12 Kooud Software Pvt Ltd European Dynamics Ltd13 Maillis Strong Strap Pvt. Ltd. M.J.Maillis SA14 ML Group of Companies Leaf Tobacco A.Mchailides SA15 Pyramis Marketing India Pvt. Ltd. Pyramis SA16 Savitar Sol Energy Efficiency Systems Pvt. Ltd. SOL Energy Hellas SA17 Stollberg India Pvt. Ltd. S&B Industrial Minerals SA/ S&B Holdings18 Topos Trading Topos Trading19 Torux Software Pvt Ltd Torux Software Pvt Ltd20 Velti Services India Pvt Ltd. Veltis Greek Shareholders