CEOs team to visit Pakistan

New Delhi, Jan 28 | Updated: Jan 29 2005, 06:09am hrs
A 24-member CEOs delegation from CII will visit Pakistan from January 31 to February 4, 2005. The second delegation from to be led by S Sen, deputy director general, CII, will explore business opportunities with their Pakistani counterpart and will seek to expand the scope of economic and bilateral cooperation with the neighbouring country.

Besides one-to-one discussions with Pakistani business leaders, the delegation will also visit the Expo Pakistan 2005, which will host an array of trade and cultural activities, showcasing Pakistani industry and its potential.

The delegation will tap the opportunity of meeting with a wide spectrum of Pakistani industry and create business opportunities for Indian industry.

According to an official release from CII, delegation members will meet with the representatives of the Karachi chamber of commerce and industry and is also likely to meet with the federation of Pakistan chambers of commerce and industry.

They will also meet with the representatives of overseas investors chamber of commerce and industry and Sindh industrial and trading estate.

Trade between the two countries, though minuscule, is growing steadily and it reached $344.59 million in 2003-04, as compared to $251.01 million in 2002-03.

The target for India-Pakistan trade could be set as high as $5 billion by 2007, and this mission will work towards preparing the ground rules for achieving the target, the release added.

CII feels that Indias strength in the IT sector could be synergised for bilateral cooperation and India could contribute in developing the IT sector in Pakistan and help in the set up of software development parks.

There are also tremendous opportunities of cooperation in medical care and health sector and India could help in setting up international level health centres and exchange expertise in this field as well as textiles, chemicals, auto and electronics and telecommunication.