Confederation of Indian Industry (CII) deputy director general Ajay Khanna told FE from Tajikistan over telephone, CII former president and Piaggio Vehicles chairman Shekhar Datta, leading a business delegation to that country, met the ministers of telecom and transport. There appears to be a lot of scope in these sectors not only in Tajikistan but also in the neighbouring countries due to its strategic location.
In telecom, there is scope in the privatisation process of the sector. Indian companies can also cater to the big demand for optic fibres, switching equipment and other telecom hardware. Telecommunications Consultants India Ltd has already bid for some projects in the country, he added.
The telecom minister has agreed to visit India and take all this forward. In transport we had the first meeting with the minister. Besides small cars and two-wheelers, the potential to sell trucks in the country in immense, said Mr Khanna.
It has been felt there is scope in several areas including tourism, small-scale businesses and consumer goods for Indian companies. Investments from India are being invited in the textile sector. Indian companies can also look at sourcing aluminium and cotton from Tajikistan, he added.
Prime Minister Atal Bihari Vajpayee, reaching Tajikistan on Thursday evening, and President Emomali Rahmonov of Tajikistan will be opening CIIs Made in India exhibition in Dushanbe on 14 November. The show will bring together select strong Indian brands and small and medium size entrepreneurs on one platform to leverage the potential to increase trade multifold according to CII. Key companies that have confirmed participation include BPL Group, Bajaj Auto, Hero Cycles, Majestic Auto, Tata Motors, TAFE India, TI Cycles, EID Parryware, Videocon Inter-national, HMT Intl, Larsen & Toubro, Ion Exchange, Kiplest India, Omen Drugs, Cosmos Travels and Wipro.