Coming as a shot in the arm for Indian businesses, 19-member business delegation during their visit to Syria and Jordan earlier this month has been able to chart new business ties with the two countries.
They have successfully raised new business orders in excess of $50 million and have evaluated other business offers which if materialize, would substantially raise the figures. The delegation which went under the Ficci banner had CEOs from 19 Indian companies representing chemicals, infrastructure development, textiles, power, steel, home furnishings, agricultural goods and engineering services to name a few.
The Syrian deputy Prime Minister for Economic Affairs Abdullah Dardari, told FE that, ?Indian and Syrian companies should establish joint venture projects in Syria and benefit from the diversity of its investment map and features.?
Reviewing the growing relations of cooperation between the two countries, Dardari apprised the Indian delegation of the investment opportunities available in various areas and to further enhance the prospects of cooperation and increase the volume of trade exchange between the two countries. He also called the on the businessmen and Indian companies to establish joint investment projects in Syria and benefit from the diversity of its investment map and features and facilities provided by the government to the Arab and foreign investors.
Speaking to FE, Dr Amit Mitra, secretary general, Ficci, said, ?the business delegation?s visit to Syria and Jordan has indeed been path-breaking in more than one way. Apart from evaluating and successfully signing new business contracts, it has opened newer vistas for Indian businesses to proactively raise their presence in other West Asian markets.?