India SVG relations

1. India - St. Vincent & the
Grenadines Economic Relations

2. Facts at a Glance
Official Name St. Vincent and the Grenadines
Type of Government Parliamentary Democracy
Head of State Her Majesty Queen Elizabeth II
HM’s Representative: Governor General
Sir Frederick Nathaniel Ballantyne
Head of Government Prime Minister Dr. Ralph E. Gonsalves
Minister of Foreign Hon. Sen. Dr. Douglas Slater
Affairs, Foreign Trade
and Consumer Affairs

3. Facts at a Glance
 Area 389 sq km
 Population 103,537 (July 2011 est.)
 GDP (At official Exchange Rate) $700 million (2011 est.)
 GDP (Real Growth Rate) 0.4% (2011 est.)
 GDP (PPP) $1.224 billion (2011 est.)
 GDP [Per Capita (PPP)] $11,700 (2011 est.)
 Inflation Rate 3.7 % (2011 est.)
 Exchange rate East Caribbean dollars
(XCD) per US dollar - 2.7
(2007)
 External Debt $288 million (2011 est.)
 Foreign Direct Investment Figures not available

4. Total Global Trade
(Latest available figures)
Merchandise exports :$ 64.4 million (2011)
f.o.b. (million US$)
Merchandise imports :$ 348 million (2011)
c.i.f. (million US$)
Relations with Taiwan
St. Vincent depends heavily on Taiwan for its
development needs.

5. India-SVG Bilateral Relations
 India donated medicines worth US $ 50,000
in early 2006.
 India has agreed to set up a ICT centre in
SVG
 In 2011, India has donated US$ 100,000/- to
the Government of St. Vincent and the
Grenadines in assistance in the wake of
damage caused by the double-barreled
assaults of October 2010’s Hurricane Tomas
and the April 2011 flash floods and
landslides.

6. India - St. Vincent & the Grenadines
Bilateral Trade
Year 2007-08 2008-09 2009-10 2010-11
EXPORT 0.47 0.82 0.36 0.41
IMPORT 36.37 7.02 1.04 0.00
TOTAL 36.84 7.84 1.40 0.41
TRADE
% GROWTH 1267.82 -78.71 -82.19 -70.39
All figures in US$ million

7. Composition of Trade
 Major items of Export:
Items 2008-2009 2009-2010 % Growth
Articles of apparel 0.02 0.07 271.43
Pharmaceuticals 0.07 0.05 - 28.99
Machinery 0.05 0.04 - 25.93
 Major items of Import:
Items 2008-2009 2009-2010 % Growth
SHIPS, BOATS 7.02 1.03 -85.30
AND FLOATING
STRUCTURES
All Values in US$ Millions

8. Potential Areas for India’s
Investments & Joint Ventures
 Hospitality Industry - hotel supplies
 Management of hotels
 Pharmaceuticals and medical equipment.
 Food processing, molasses, alcohol
 Solar & Wind Power
 St. Vincent wants to set up a Hotel
Management Institute with India’s help (in
Private Sector).

9. Major Export Promotion & Trade
organizations
 St Vincent & the Grenadines Chamber of
Commerce
ADDRESS:
P.O BOX 134
3RD FLOOR COREAS BUILDING
HALIFAX & HILLSBOROUGH STREET
KINGSTOWN
ST.VINCENT AND THE GRENADINES
TEL: 1-784-457-1464
FAX: 1-784-456-2944
E-MAIL: SVGCHAMBER@SVG-CIC.ORG
OPENING HOURS:
MONDAY TO FRIDAY: 8AM TO 4PM
SATURDAY & SUNDAY: CLOSED

10. Indian Diaspora
 Indian Doctors are well established. Some
other professionals like Engineers, Computer
Experts are also working. Two Sindhi
businesses.
 About 3,000 persons of Indian descent live in
St. Vincent. The number was over 10,000 in
the 1950s but most have migrated to UK,
USA, Canada etc.
 Through inter-marriages, it is estimated that
about 15% population of St. Vincent has
Indian connection.

11. SVG Indian Heritage
Foundation
 St. Vincent & the Grenadines Indian
Heritage Foundation was established in
October, 2006.
 They want to revive links with India.
 They also have an active website.
 We can use their goodwill for bilateral
relations. SVG Govt. also appreciates
the Foundation’s efforts.