Federal Minister for Commerce Makhdoom Amin Fahim, accompanied by Lahore Chamber of Commerce and Industry (LCCI) President Irfan Qaiser Sheikh will inaugurate a three-day India Show Exhibition on 11th of February at 10:30 am at the Lahore Expo Centre. Federation of Indian Chambers of Commerce and Industries (FICCI) in collaboration with the Indian ministry of commerce and industries; supported by commerce ministry of Pakistan and LCCI, is organising this exhibition to raise awareness of Indian products in Pakistan from 11-13 February, 2012. LCCI is mainly arranging an inter-active session of the businessmen of Pakistan and India. A high-powered Indian CEOs delegation led by FICCI President, R V Kanoria will accompany Indian commerce industry and Textile Minister, Anand Sharma, during his visit to Pakistan. The Indian minister will be the chief guest at the closing ceremony of India Show Exhibition. Irfan Qaiser Sheikh said the expo would help jack-up volume of bilateral trade between Pakistan and India, as presently a major portion of trade between the two countries in being done through third country. LCCI always wants trade with bordering countries for being more efficient in terms of cost and logistics, he added. More than 50 prominent Indian companies will exhibit their products spread around 110 stalls in Hall No. 2 of Lahore Expo Centre. Products will range from manufacturing, services, chemicals, engineering, textiles and apparels, consumer durables, gems and jewellery, cosmetics, handicrafts, auto components, healthcare, etc. Three hours in each of the days will remain open for general visitors while the morning hours will remain dedicated to business visitors. Business-to-business meetings during the days of the exhibition are being organised by TDAP in collaboration with LCCI. One time permission has been granted by Government of Pakistan to exhibit Indian goods and services beyond the positive list and counter sale of products. Indian CEOs delegation will comprise of more than 100 business delegates, accompanying the Indian Minister from wide cross section of Indian corporate sector, will have business meetings at Lahore, Karachi and Islamabad. Indian commerce and industry minister will be visiting Pakistan to accelerate the positive movements. FICCI hopes that the much awaited decision to move towards a negative list approach for trade with India will be announced soon. This will be a precursor to granting MFN status to India. At present, a large volume of goods are being traded through informal channels via third countries. The MFN status is likely to facilitate direct trade, and benefit both the producers and consumers. FICCI has always been at the forefront of improving bilateral economic ties with Pakistan and SAARC region as a whole. FICCI strongly feels that the current environment is filled with positivism and we must strive to seize this opportunity.
India Show Exhibition being put up on 11 Feb
