{"id":"f-e550251d2f-c78c8af8-14c8-5dfd-9e50-c7253c8693ee","title":"PM Modi proposes to double India-Jordan trade to $5 bn in next 5 years","description":"King Abdullah II noted that Jordan’s free trade agreements and India’s economic power could be combined to create an economic corridor between South Asia and West Asia and beyond.","timestamp":1765889419,"category":"business","headline":"PM Modi proposes to double India-Jordan trade to $5 bn in next 5 years","modifiedHeadline":"India, Jordan Aim for $5 Billion Trade by 2029","subCategories":["scid_edbc7f13"],"region":"IN","bundleMetaData":{"bundleId":"5e2bd5f6-2774-47af-88d8-7b16e80ba1d2","bundleTitle":"PM Modi Updates","cardData":null},"iabCategoryId":"77","fcSummary":"Prime Minister Modi, during his Jordan visit, aimed to boost India-Jordan trade, targeting $5 billion in five years. He invited Jordanian firms to capitalize on India's economic growth and highlighted opportunities in sectors like IT, health-tech, and renewable energy.","summary":"PM Modi aims to double India-Jordan trade to $5B in 5 years. King Abdullah II sees an economic corridor linking South & West Asia.","ctaUrl":"https://trends.glance.com/newz/India_News/IN/en/cnbc-tv18/f-e550251d2f-c78c8af8-14c8-5dfd-9e50-c7253c8693ee","sourceUrl":"https://www.cnbctv18.com/india/pm-modi-proposes-double-india-jordan-trade-to-usd-5-bn-next-five-years-ws-l-19792997.htm","bannerImage":"https://g-mob.glance-cdn.com/public/fc/image/luBaQfLZtZM0.webp","content":"Prime Minister Narendra Modi on Tuesday, December 16, sought to double India-Jordan bilateral trade to $5 billion over the next five years, as he invited Jordanian companies to take advantage of the country’s high economic growth and reap handsome returns.\n\n
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\n Modi arrived in Jordan’s capital, Amman, on Monday for a two-day visit at the invitation of King Abdullah II. Jordan is the first leg of the Prime Minister’s four-day, three-nation tour, which will also take him to Ethiopia and Oman.\n
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\n On Tuesday, Prime Minister Modi and King Abdullah II addressed the India-Jordan Business Forum here. It was also attended by Crown Prince Hussein and Jordan’s Minister of Trade and Industry and Minister of Investment.\n
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\n The two leaders acknowledged the importance of increasing business-to-business ties between the two countries, and called upon the industry captains from both sides to convert the potential and opportunities into growth and prosperity.\n\n
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\n King Abdullah II noted that Jordan’s free trade agreements and India’s economic power could be combined to create an economic corridor between South Asia and West Asia and beyond.\n
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\n Addressing the gathering, Modi said India’s success as the fastest-growing major economy, which is on course to become the third-largest economy in the world, offers immense business opportunities for its partners in Jordan and across the globe.\n
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\n \"The relationship between India and Jordan is one where historical trust and future economic opportunities come together,\" he noted.\n\n
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\n Modi invited Jordanian companies to partner with India and reap the benefits of its 1.4 billion consumer market, strong manufacturing base, and stable, transparent, and predictable policy environment.\n
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\n Referring to the over 8% growth of the Indian economy, he said India’s high GDP numbers are due to productivity-driven governance and innovation-led growth policies.\n
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\n Noting that India is Jordan’s third-largest trading partner, the Prime Minister said that in the universe of business, numbers matter.\n\n
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\n The Prime Minister further said that he was not here merely to count on numbers, but to build long-term, trusted partnerships that extend beyond statistics.\n
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\n Jordan and India share a vibrant contemporary partnership, built on the strong edifice of their close civilisational ties, Modi added.\n
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\n He also proposed doubling bilateral trade with Jordan to $5 billion over the next five years.\n
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\n Modi highlighted opportunities for India-Jordan business collaboration in the fields of digital public infrastructure, IT, fintech, health-tech and agri-tech and invited start-ups from both nations to join hands in these areas.\n\n
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\n Talking about India’s strength in the pharma and medical devices sectors and Jordan’s geographical advantage, he said the two nations can complement each other and make Jordan a reliable hub for West Asia and Africa in these fields.\n
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\n He also underlined business opportunities for the two sides in the areas of agriculture, cold chain, food parks, fertilisers, infrastructure, automobile, green mobility and heritage and cultural tourism.\n
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\n Speaking about India’s green initiatives, the Prime Minister suggested greater India-Jordan business collaboration in the fields of renewable energy, green financing, desalination and water recycling.\n\n
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\n Business leaders from both countries in the fields of infrastructure, health, pharma, fertiliser, agriculture, renewable energy, textile, logistics, automobile, energy, defence, and manufacturing participated in the forum.\n
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\n The delegation also comprised representatives of Ficci and the Jordan Chamber of Commerce, who have an existing MoU to promote trade and economic cooperation between the two countries.","readDurationInMinutes":"6","author":{"name":"CNBC TV18","logo":"https://glance-mob.glance-cdn.com/public/bubble/jpeg/ecc3d19b-fc52-4a39-881c-5b0936ae723b.jpeg"},"ism":false,"analyticsResponses":[{"measurementId":"383191425","type":"COMSCORE"}],"pointerSummary":["Modi seeks to double India-Jordan trade to $5B in 5 years, inviting Jordanian firms.","Jordan's King Abdullah II sees economic corridor potential with India's growth.","Collaboration urged in tech, pharma, agri, renewable energy for mutual growth."],"tags":["IndiaJordanRelations","NarendraModi","KingAbdullahII","BilateralTrade","EconomicCorridor","SouthAsia","WestAsia","TradeAgreement","EconomicGrowth","BusinessForum","InvestmentOpportunities","DigitalInfrastructure","Fintech","HealthTech","AgriTech","Startups","Pharma","MedicalDevices","RenewableEnergy","GreenFinancing","IndiaJordanBusinessForum","FICCI","JordanChamberOfCommerce"],"redirectionEnabled":false,"consent":true}

PM Modi proposes to double India-Jordan trade to $5 bn in next 5 years

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