Kiran Vohra, a mission leader of Confederation of Indian Industry (CII), has said that the purpose of his visit is to find partners to establish joint ventures in different areas. He was speaking at a meeting of Karachi Chamber of Commerce and Industry (KCCI) here on Thursday and later on talking to newsmen, he said that there is bright chance to have joint venture with Pakistan counterparts.
He was of the view that establishment of joint venture will pave the way of strong and better economic and political relations in future between the two countries. About visa problems, he pointed out that Pakistan Interior Minister Rehman Malik was in India and hoped that visa issue for business community may be resolved in this meeting.
He further expressed that India and Pakistan may start issuing one year multiple entry visa for business community. Kiran Vohra said that it is in the interest of both the countries that trade be conducted on equality basis. Regarding cost of manufacturing in Pakistan, he said it is on higher side and India is interested to help Pakistan to reduce its cost of manufacturing and guide to adopt latest ways without investment any more.
He said one of the Indian Information technology companies has finalised its negotiation with Pakistani counterpart to have joint venture. He expressed gratitude to President KCCI for extending opportunity to CII Members to explore business possibilities with KCCI members. He articulated that CII is 136 years old organisation having 60 international offices and desires to establish productive relations with Pakistani counterparts. He said delegation members are interested to import coal, gypsum, cement and red chili from Pakistan. They are also looking partners in the areas of engineering products and services, cement, steel, fertilizer, petrochemicals, refractory materials and bricks, home appliances, tractors and farm machinery, petrol, diesel, kerosene, LPG etc.
Leader of businessmen Group was of the view that subsequent to recent bilateral talks on commercial and economic co-operation, follow-up from Indian side is far ahead as compared to Pakistani side.
Business communities of both countries have to influence their governments for trade and other affairs to be moved forward from last point of happening and not from the start. Teli said that increased Indo-Pak private sector business integration is imperative to remove apprehensions and bureaucratic hurdles.
He was of the view that productive Indo Pak trade dialogues and subsequent development is not only beneficial for two countries but would also integrate Saarc block. He said that pace of economic growth in South Asia was slow and intra-regional trade in SAARC block was very nominal as compared to ASEAN and EU.
Creating new Indo-Pak trade synergies and opportunities will also activate intra-SAARC trade. He was of the view that political relations should not affect the positive business developments between business communities of two countries and businesses should not suffer. He hoped that the Indo-Pak business communities would fairly and sincerely entertain each other.
Muhammad Haroon Agar proposed to sign a protocol of co-operation between KCCI & CII to facilitate Indo-Pak business community. He said that KCCI can join hands with Indian counterparts to address the apprehensions of business communities of both sides. He apprised that India Expo was scheduled from 21~23 December at Karachi Expo Centre with collaboration of Federation of Indian Exporters Organisations (FIEO). He conveyed his message to President of CCI Adi Godrej that KCCI can extend similar co-operation to CII.
KCCI has also planned to allocate one complete hall for Indian Pavilion in 10th My-Karachi Exhibition scheduled to be organised from 5th to 7th July, 2013. He said that KCCI also intend to organise exhibition of products made in Pakistan in India during first quarter of 2013.
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