November 26, 2011 admin


Amritsar, 26 November, 2011: Sharing that PHD –Punjab International Trade Expo, PHD-PITEX, 2011 shall focus on the outbound trade, Rajiv Bali, Chairman, Punjab Committee, PHD Chamber said that this year the focus of PITEX shall be on the Business Opportunities in African countries.Delving into the details, Bali informed that PHD Chamber shall organize a Seminar on "Business Opportunities in Africa" on the second day of PITEX, 2011 wherein High Commissioners and Trade Counsellors from various African countries shall participate and give presentations to the local industry associations about the trade potential and various trade opportunities available in their respective countries. Detailing further, R S Sachdeva, Co-Chairman, Punjab Committee, PHD Chamber told that H.E. Ms.Lesego Ethel Motsumi, High Commissioner, Embassy of Botswana; H.E. Mr. Robert Tachie-Menson, High Commissioner, High Commission of the Republic of Ghana, H. E. Dr. Chrassie Mughogho, High Commissioner, High Commission of the Republic of Malwai, Dr. Vicente Chihale, Commercial Counsellor, High Commission of the Republic of Mozambique; and Ms. Sophia, Counsellor, High Commission of the Republic of Namibia have already confirmed to participate in the interaction. Representatives from Nigeria, Ethiopia, and High Commissioner of South Africa are also expected to visit the 5-day State Event and hold round table conferences with various industry associations, he said. Dalip Sharma, Regional Director, PHD Chamber said that with so many schemes of Government of India for exporting MSMEs, industry in Punjab needs to explore the hitherto untouched markets like Africa. There is a lot of trade potential in the African countries. Sharing the robust trends in bilateral trade, Sharma shared that while the export to Africa has grown 2 fold between 2004-05 and 2009-10 the Imports from Africa have grown 6 fold, the total trade has grown by 4 folds, the total trade during 2010-11 (April-Sept) stood at US$ 23.7 bn (Exports US$ 8.9 bn and imports US$ 14.8 bn). Indicating that the future prospects for trade and investment between our countries are significant, Dalip Sharma, Regional Director, PHD Chamber said that the inbuilt complimentary of the economies of both our countries offers innumerable opportunities and it is important that we build on the existing strong relations. We need to accelerate our efforts for the growth of bilateral economic cooperation, particularly in view of the current economic scenario. There is a need for greater synergy of efforts between the business communities of the subject countries and India to accelerate the two way cooperation, he said.

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