Amritsar, May 10 UNI | 3 months ago

The five-day-long 'The Pakistan Show-2014', which commenced on May 8, witnessed a huge rush today, shared Dalip Sharma, regional Director, PHD Chamber.

The event has been jointly organised by the PHD Chamber of Commerce and Industry and the Lahore Chamber of Commerce and Industry.

''We expect more footfalls tomorrow and on the final day to be equally encouraging,'' a beaming Sharma reiterated adding there was a strong need to build strong business relations between the two countries' 'PHD Chambers', he said. ''PHD chambers has taken the lead in the establishment of friendly and cordial relations with various Chambers of Commerce and Industry of Pakistan, through an increased cooperation mode among the industrialists, businessmen and entrepreneurs,'' he said.

Such efforts go a long way in building a dependable, pragmatic, and advantageous relationship between both countries, said Sharma.

Sukhdev Raj, senior member, managing committee, PHD Chamber of Commerce and Indus try said, ''There should be maximum dissemination of information between the two countries that could lead to further increase in bilateral trade between the industrialists, businessmen and entrepreneurs of the two parties, with major thrust areas being education, infrastructure, food processing and energy. ''We have already signed various Memorandums of Understanding (MoU) for mutual co-operation with the counterparts in Pakistan which are just a beginning and would facilitate coordinated efforts on part of both counterparts to promote joint ventures, initiate partnerships, provide technical expertise, introduce licensing possibilities, and arrange visits of industrialists, businessmen and entrepreneurs of the two Parties, in co-operation with Board of Investments of both countries, and the respective diplomatic entities,'' informed Mr Sharma. As per MoUs, the Chambers agreed that strategic and concrete proposals, suggestions, and recommendations that are consequential and significant in the acceleration of bilateral relations of the two countries need to be formulated in order to dispel perceptions, attract investments and trade opportunities, organise and maintain a database to identify and promote products and services, influence the initiation of Investment protection, Taxation and other treaties besides initiating measures to enhance mutual trust, patience and transparency thereby promoting joint promotions, marketing and ventures.

(Posted on 11-05-2014)