France is the 5th largest importing country with a share of around 3.8% of world imports. However, France accounts for only 1.7% of exports from India, occupying a low 17th position among countries importing from India. Of course France ranks only 29th among countries exporting to India, with a share of only about 0.8% of India’s total imports. As crude oil is a major import item for India accounting for about 30% of its imports and as already India’s trade deficit is very wide, India may not be able to increase imports from France. However, India can with some more effort, increase exports to France.
Similar is the position regarding exports to Italy and South Korea which are also leading importing countries
India should as a first step set up Consulates in France and South Korea and additional Consulate in Italy. Embassies and Consulates should organize CATALOGUE exhibitions at least twice a year.. After 3-4 catalogue exhibitions, products exhibitions and buyer-seller meets can be organized.