Athens: Greece and India are set to boost their trade volume to a $1 bn (Rs4500 crore) annually by 2010, President APJ Abdul Kalam said on 26April at the start of a four-day visit to Athens.
He met the President of Greece, Mr Karolos Papoulias with a delegation of ministers who signed two bilateral agreements for science and technological cooperation and reciprocal protection of investment.
“I am very glad that two agreements have been signed,” Kalam said. “Greece offers opportunities in infrastructure building and tourism both of which are currently India’s priorities too.”
According to Mr Kalam, both countries had mutually decided to increase bilateral trade to $1 bn by the year 2010. Already, in the first 10 months of 2007 they had traded goods worth $606 mn, up 57% from the same period in 2005, according to the Federation of Greek Industries.
The president would also be meeting other Greek officials and business leaders in addition to visiting the ancient sites in Athens.