UP Chamber to send team to Pakistan to promote cross-border trade

VISHAL SHARMA
AGRA. With the growing sense of trust between India and Pakistan after the mutual Confidence Building Measures (CBM), the industrialists of these two countries are also seeking mutual partnerships in cross-border business.
To take the advantage of this hopefully “lasting peace” between the two countries, a 27 member delegation of the National Chamber of Industries and Commerce, UP (NCIC) shall be shortly leaving for Pakistan in search of new business prospects in the country upon the invitation of the Lahore Chamber of Commerce & Industries (LCCI).
Talking to Business Standard on Wednesday, NCIC president Rajiv Gupta said that the NCIC had assembled a delegation of 27 top industrialists of Agra and Firozabad, concerned with the foundry, glass, leather, handicrafts & automobile industry, who were interested in either resuming their earlier business contacts in Pakistan or making fresh deals. This delegation shall leave for Pakistan in the 3rd week of August after the requisite paperwork was completed.
Apart from these, he said, a number of Diesel Generator manufacturers of Agra would also be visiting Pakistan in order to search for a market for the generators of Agra in Pakistan as the locally manufactured generators were already being exported to a number of African and Gulf countries but the market in Pakistan was yet to be explored in spite of it presenting lucrative business opportunities to the Indian industrialists.
Also, some automobile companies of Agra were also being represented in this delegation, who were seeking import possibilities of US & European automobile accessories that were at present being imported from gulf or European countries at a higher cost.
He said that the Lahore visit of Agra industrialists shall help in forming a policy framework between the two countries to encourage business between Indian and Pakistan, with both the Chambers building pressure on their respective governments on easing the restrictions on cross-border trade to open the doors for bilateral trade.
He said that the NCIC had already invited the Karachi Chamber of Commerce & Industries (KCCI) for a tour of Agra, as being the most important sea port of Pakistan, the town presented lucrative business opportunities for the Indian industrialists who could develop mutually beneficial business relations with the importers of Karachi.
(UNITED NEWS NETWORK)
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