New Delhi, Jan 19 (KNN)  India has offered unilateral concession to Yemen to exempt Yemeni exports to India from customs duty under India’s ‘Duty-Free Tariff Preference’ (DFTP) scheme as part of the government's commitment to render economic assistance to the ‘Least Developed Countries’ (LDCs).
 
This was stated by Union Minister of State of the Ministry of Development of North Eastern Region (DoNER), MoS PMO, Personnel, Public Grievances and Pensions, Atomic Energy and Space, Dr. Jitendra Singh while speaking to a delegation of the Republic of Yemen which called on him, here today, an official release said.

Recalling the long history of people-to-people contact between India and Yemen, he revealed that large number of people of Yemeni origin is settled in Hyderabad and their forefathers worked in the security forces of the erstwhile Nizam of Hyderabad. On the other hand, it is significant to note that about one lakh people of Indian origin have settled in Yemen, he added.

In the years to come, he said that the Indian Government is keen to establish comprehensive economic partnership with Yemen, particularly in the fields of oil, gas, minerals, power, infrastructure and telecom.
 
In this context, he referred to figures of previous years and stated that during the current financial year, the bilateral trade between the two countries is expected to cross over two billion US dollars.   (KNN/ES)