Close X
Sunday, November 10, 2024
ADVT 
India

At Punjab Expo 'Reverse Buyer-Seller Meet' To Push Sub-Continental Trade

Darpan News Desk The Canadian Press, 22 Nov, 2015 01:14 PM
    Having established itself as a major platform for trade between India and Pakistan, Amritsar's annual Punjab International Trade Expo (PITEX) is exploring new territory with a 'reverse buyer-seller meet (RBSM)' during the event next month.
     
    Nearly 200 buyers from SAARC nations will converge in Amritsar, 250 km from here, for the RBSM, where Indian manufacturers and traders are expecting trade linkages.
     
    "The RBSM during the three-day PITEX-2015, to be held from Dec 4 to 6, will give an impetus to the Make in India initiative. About 150 select buyers will be in Amritsar from SAARC nations, including Pakistan, Afghanistan, Bangladesh, Bhutan, Nepal and Sri Lanka, besides Iran, who would be engaged in one-to-one business meetings with Indian manufacturers," Rajiv Bali, chairman of the PHD Chamber of Commerce (PHDCC) Punjab committee, told IANS.
     
    Punjab-based companies will showcase their products, including automobiles, bicycles, agriculture machinery and implements, textiles, home decor, healthcare and medical equipment and sports goods to foreign buyers.
     
    Amritsar, which is just 30 km from the India-Pakistan international border, is getting revived as a major trade centre, which it used to be before partition in August 1947.
     
    The RSBM, the first one in the region, is being organised with the support of the union commerce ministry.
     
    R.S. Sachdeva, co-chairman of the Punjab committee, said: "The chamber has received a lot of interest from multiple trade delegates from the SAARC countries who are probably looking forward to great opportunities of trade from the Indian market."
     
    "The RBSM is going to open numerous doors of opportunity for small and medium manufacturers and entrepreneurs, especially from Punjab. Besides 150 buyers from SAARC nations and Iran, there will be a delegation of 100 buyers from Pakistan alone. This means there will be a total of 250 buyers who are keen to have tie-ups, one-to-one interaction besides upgrading their expertise with their Indian counterparts," Sachdeva added.
     
    The decade-old PITEX has established itself as a major trade expo in the region, with manufacturers from India and Pakistan participating in a big way. The trade enquiries at the event last year crossed the Rs.250 crore ($38 million) mark.
     
    "Delegations from industry bodies in SAARC nations like the Lahore Chamber of Commerce and Industry, the Federation of Bangladesh Chambers of Commerce and Industry and the Bhutan Chamber of Commerce are visiting the meet to discuss business to business opportunities. A few MoUs will be signed during the event," Praveen Rathee, regional director of the PHDCC, told IANS.
     
    "The global downturn is actually an opportunity for India that we should encash upon," Rathee added.

    MORE India ARTICLES

    Punjab CM Parkash Singh Badal In Trouble Over Guru Granth Sahib Sacrilege

    Punjab CM Parkash Singh Badal In Trouble Over Guru Granth Sahib Sacrilege
    At age 88, Parkash Singh Badal, the country's oldest chief minister and one of India's most experienced politicians, is suddenly finding Punjab difficult to handle - or so it seems.

    Punjab CM Parkash Singh Badal In Trouble Over Guru Granth Sahib Sacrilege

    Manpreet Vohra India's New Envoy To Afghanistan

    Manpreet Vohra India's New Envoy To Afghanistan
    Vohra, presently working as joint secretary in the external affairs, is expected to take up his assignment shortly, the statement said.

    Manpreet Vohra India's New Envoy To Afghanistan

    PM Modi Targets Sonia Gandhi Over Anti-Sikh Riots

    PM Modi Targets Sonia Gandhi Over Anti-Sikh Riots
    Prime Minister Narendra Modi on Monday attacked Congress president Sonia Gandhi, saying its leaders had no right to talk about tolerance when they were involved in the 1984 anti-Sikh riots.

    PM Modi Targets Sonia Gandhi Over Anti-Sikh Riots

    Sonia Gandhi-Led Congress To Stage March Against 'Intolerance'

    Sonia Gandhi-Led Congress To Stage March Against 'Intolerance'
    Congress president Sonia Gandhi will lead her party's protest march to the Rashtrapati Bhavan on Tuesday against "rising intolerance" during the BJP-led government's tenure.

    Sonia Gandhi-Led Congress To Stage March Against 'Intolerance'

    Punjab Police Release Two Brothers Accused Of Guru Granth Sahib Desecration

    Punjab Police Release Two Brothers Accused Of Guru Granth Sahib Desecration
    Officials said they had "nothing more to investigate" against them.

    Punjab Police Release Two Brothers Accused Of Guru Granth Sahib Desecration

    43-Year-Old Delhi Woman Charges African Man With Rape

    43-Year-Old Delhi Woman Charges African Man With Rape
    A 43-year-old woman has accused an African man, whom she was not able to identify further, of raping her many times on the pretext of marriage and filming objectionable videos

    43-Year-Old Delhi Woman Charges African Man With Rape