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India Barbados
Economic Relations
Facts at a Glance
Official Name         Barbados
Type of Government    Parliamentary Democracy
Head of State         Her Majesty Queen Elizabeth II
                      HM’s Representative: Governor General
                      The Hon’ble Sir Clifford Straughn
                      Husbands, GCMG, KA
Head of Government    Prime Minister Mr. Fruendel STUART

Minister of Foreign   Senator The Hon. Maxine McClean
Affairs and Foreign
Trade
Facts at a Glance
Area                        431 sq km
Population                  287,733 (July 2011 est.)
GDP                         $4.4 billion (2011 est.)
(At official Exchange Rate)
GDP (Real Growth Rate) 1.8% (2011 est.)
GDP (PPP)                   $6.528 billion (2011 est.)
GDP [Per Capita (PPP)] $23,600 (2011 est.)
Inflation Rate              9.1% ( 2011 est.)
Exchange rate               Bd$ 2 = US$1(2008)
External Debt               $1,123.5 million (2009 est.)
Major Industries:           Tourism, Sugar, light
                            manufacturing, component
                            assembly for export.
Total Global Trade
             (Latest available figures)
Marchandise exports: $467.4 million (2011 est.)
[f.o.b. (million US$)]
Marchandise imports:$1,601 million (2011 est.)
[c.i.f. (million US$)]
India Barbados Trade

  Year     2007-08 2008-09   2009-10   2010-11

 EXPORT     2.52    0.82      0.36       0.41

 IMPORT     0.03    7.02      1.04       0.00

 TOTAL      2.55    7.84      1.40       0.41
 TRADE
% GROWTH    -8.72   -78.71   -82.19     -70.39

                      All figures in US$ million
Composition of India Barbados
         Bilateral Trade

 Exports from India : Garments, spices,
  Basmati Rice, other consumer
                items, Pharmaceuticals.
 Imports into India : Negligible
Potential growth areas for India’s
             exports
 •Textiles,
 •furnishing fabrics,
 •hotel supplies,
 •solar energy power panels,
 •plastic items,
 •medical supplies.
Potential areas for Project Exports
             from India
 Hospitality industry - hotel supplies like bed sheets, terry
    towels, curtains etc.
   Management of hotels by Indian hotel chains.
   ICT Sector – Indian BPO companies can have a base in
    Barbados
   Financial Sector - Offshore Financial Services
   Computer education
   Pharmaceuticals
   Food Processing, molasses, alcohol, sugar technology,
    spices and condiments.
   Non-conventional Sources of Energy - Solar & Wind
    Power,
   Bagasse based Power Plants.
   Construction Sector - Indian architects and construction
    firms can tap the construction boom
Major Export Promotion & Trade
         organizations
The Barbados Chamber of Commerce and Industry
1st Floor Nemwil House,
Collymore Rock,
St,. Michael,
Barbados, WI,
Website : http//www.bdscham.com
Tel. : (246) 426 2056/0747 or (246) 228-4205
Fax : (246) 429-2907
E-mail : bdscham@caribsurf.com

Executive Director, Ruall Harris
Indian Diaspora
About 150 Sindhi families (total 600) and
 3,000 Gujarati Muslims from Surat. Over
 150 other professionals including doctors,
 engineers, software experts, hotel
 employees, nurses, technicians etc.
Sindhis and Gujarati businessmen control a
 substantial part of trading in Barbados. They
 also own a large number of commercial
 properties.
PIOs from UK and Trinidad also own
 properties and hotels.
Honorary Consulate of India
Dr. PHILOMENA MOHINI-HARRIS,
Honorary Consulate of India
Lot 4
Warrens Healthcare Centre
Warrens
St.Michael
Tel. No. (246) 2710905
e-mail: hcindiabds@caribsurf.com
Open- Monday, Wednesday, Friday
Time: 9:00 AM to 12 Noon

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Barbados

  • 2. Facts at a Glance Official Name Barbados Type of Government Parliamentary Democracy Head of State Her Majesty Queen Elizabeth II HM’s Representative: Governor General The Hon’ble Sir Clifford Straughn Husbands, GCMG, KA Head of Government Prime Minister Mr. Fruendel STUART Minister of Foreign Senator The Hon. Maxine McClean Affairs and Foreign Trade
  • 3. Facts at a Glance Area 431 sq km Population 287,733 (July 2011 est.) GDP $4.4 billion (2011 est.) (At official Exchange Rate) GDP (Real Growth Rate) 1.8% (2011 est.) GDP (PPP) $6.528 billion (2011 est.) GDP [Per Capita (PPP)] $23,600 (2011 est.) Inflation Rate 9.1% ( 2011 est.) Exchange rate Bd$ 2 = US$1(2008) External Debt $1,123.5 million (2009 est.) Major Industries: Tourism, Sugar, light manufacturing, component assembly for export.
  • 4. Total Global Trade (Latest available figures) Marchandise exports: $467.4 million (2011 est.) [f.o.b. (million US$)] Marchandise imports:$1,601 million (2011 est.) [c.i.f. (million US$)]
  • 5. India Barbados Trade Year 2007-08 2008-09 2009-10 2010-11 EXPORT 2.52 0.82 0.36 0.41 IMPORT 0.03 7.02 1.04 0.00 TOTAL 2.55 7.84 1.40 0.41 TRADE % GROWTH -8.72 -78.71 -82.19 -70.39 All figures in US$ million
  • 6. Composition of India Barbados Bilateral Trade  Exports from India : Garments, spices, Basmati Rice, other consumer items, Pharmaceuticals.  Imports into India : Negligible
  • 7. Potential growth areas for India’s exports •Textiles, •furnishing fabrics, •hotel supplies, •solar energy power panels, •plastic items, •medical supplies.
  • 8. Potential areas for Project Exports from India  Hospitality industry - hotel supplies like bed sheets, terry towels, curtains etc.  Management of hotels by Indian hotel chains.  ICT Sector – Indian BPO companies can have a base in Barbados  Financial Sector - Offshore Financial Services  Computer education  Pharmaceuticals  Food Processing, molasses, alcohol, sugar technology, spices and condiments.  Non-conventional Sources of Energy - Solar & Wind Power,  Bagasse based Power Plants.  Construction Sector - Indian architects and construction firms can tap the construction boom
  • 9. Major Export Promotion & Trade organizations The Barbados Chamber of Commerce and Industry 1st Floor Nemwil House, Collymore Rock, St,. Michael, Barbados, WI, Website : http//www.bdscham.com Tel. : (246) 426 2056/0747 or (246) 228-4205 Fax : (246) 429-2907 E-mail : bdscham@caribsurf.com Executive Director, Ruall Harris
  • 10. Indian Diaspora About 150 Sindhi families (total 600) and 3,000 Gujarati Muslims from Surat. Over 150 other professionals including doctors, engineers, software experts, hotel employees, nurses, technicians etc. Sindhis and Gujarati businessmen control a substantial part of trading in Barbados. They also own a large number of commercial properties. PIOs from UK and Trinidad also own properties and hotels.
  • 11. Honorary Consulate of India Dr. PHILOMENA MOHINI-HARRIS, Honorary Consulate of India Lot 4 Warrens Healthcare Centre Warrens St.Michael Tel. No. (246) 2710905 e-mail: hcindiabds@caribsurf.com Open- Monday, Wednesday, Friday Time: 9:00 AM to 12 Noon