India's export body sees potential in Japan

New Delhi: Japan has huge export potential in sectors such as pharmaceuticals, gems and jewellery, marine products, rice, bovine meat and aluminium, exporters body FIEO said on Monday.

Federation of Indian Export Organisations (FIEO) President Sharad Kumar Saraf said India's export of $17.6 billion to Japan does not reflect the true potential of trade between the countries.

"The untapped export potential for Japan is more than $3 billion in sectors such as pharmaceuticals, gems and jewellery, marine products, rice, bovine meat, and aluminium," he said.

Saraf said the federation has launched India-Japan Business Group, an online platform, to promote interaction between business communities of the two countries for promoting exports, imports and investments.