Islamabad, December 15, 2012 (PPI-OT): FPCCI welcomes the opportunity to interact with the visiting delegation from Confederation of Indian Industry (CII) in view of its position as the apex trade body of Pakistan, and will formulate a constructive programme of activities to maximize the impact of CII business delegations in future.
This was stated by Haji Fazal Kadir Khan Sherani, President of the Federation of Pakistan Chambers of Commerce and Industry (FPCCI) who welcomed the CII delegates and informed them about FPCCI’s engagement with the Indian business community over the past few years.
In particular, he pointed out that FPCCI delegations were visiting India frequently, and Pakistani products had made great inroads in Indian cities such as Delhi, Mumbai, Kolkata and Chandigarh, where FPCCI was organizing exhibitions on a frequent basis.
Mr. Tariq Sayeed, former President of FPCCI, founder and former President of SAARC CCI and Vice President of CACCI expressed the wish that FPCCI may host all future delegations from CII in future. While recounting the progress made in Indo-Pak ties over the past two years, he pointed out some areas which were worthy of the attention of both countries, such as: high duties on textile, leather and food items in India; limited flights between the two countries, inefficiency in the rail service, and opening deputy high commissions in new cities, like Karachi, and Mumbai.
Mr. S.M. Muneer, President of the India Pakistan Chamber of Commerce and Industry pointed out that there needed to be further progress on some issues without further delay, such as opening a banking channel on reciprocal basis, and opening new land trading routes along the border.
The members of the visiting delegation of CII comprised of representation from non-traditional areas, such as agricultural implements, chemicals and food processing. In particular, the Indian businessmen appreciated the quality of Pakistani tractors, and stated that Pakistan and India could look to initiate joint ventures in tractor assembly and redesign.
Speaking on the occasion, Mr. Kiran Vohra, who is leading the visiting Indian business group, said that Pakistan can benefit from transfers of technology, JV projects, and buyback arrangements with India. He said that there was a resolve on both sides that the business community would influence their respective governments for an early removal of hurdles impacting bilateral trade.
The meeting was followed by the signing of an MoU between FPCCI and CII, whereby both sides agreed to cooperate in the organisation of seminars, exhibitions and delegations in both countries. In particular, CII and FPCCI would strive to enhance the outreach of each other’s businessmen to non-traditional cities, outside of the conventional cities, such as Karachi and Lahore in Pakistan, and Mumbai and Delhi in India.
For more information, contact:
Syed Masood Alam Rizvi
Federation of Pakistan Chambers of Commerce and Industry (FPCCI)
B-1, Federation House, Main Clifton Road,
Tel: 0092-21-35873691, 93-94
Fax: +9221 3587 4332