ASSOCHAM signs MoUs with French, Arab bodies to boost trade and investment
New Delhi, Aug 3
Apex industry body ASSOCHAM has signed strategic agreements with Business France and the India & Arab Countries Chamber of Commerce, Industry and Agriculture to boost trade, investment and business collaboration between India, France and Arab nations, it was announced on Monday.
The industry body stated that the agreements -- signed during the ASSOCHAM MoU Signing Ceremony -- are aimed at deepening India's global economic partnerships through institutional collaboration, business exchanges, investment facilitation, technology partnerships and improved market access across multiple sectors.
Under the partnership with Business France, the two organisations will work together to promote trade and investment opportunities, encourage technology collaborations and joint ventures, support business delegations, exchange market intelligence, and organise trade fairs, exhibitions, conferences and other business promotion activities.
Speaking on the occasion, ASSOCHAM Secretary General Saurabh Sanyal said India's growing engagement with global markets presents significant opportunities for businesses to expand partnerships, investments and innovation.
"These collaborations with Business France and IACCIA reflect our commitment to building stronger institutional linkages that enable enterprises to connect, explore new markets, and create sustainable long-term value," he said.
Vianney Meynier, Head of the Agricultural Export Division at Business France, said the partnership reinforces efforts to support stronger business ties between French and Indian enterprises through greater engagement among companies, institutions and investors.
Dr Waiel S.H. Awwad, Secretary General (In-charge) of IACCIA, said the agreement provides an important platform to facilitate business interaction, encourage investment partnerships and strengthen commercial cooperation between India and the Arab region.
The MoU signed with IACCIA focuses on promoting bilateral trade and investment between India and Arab countries through business delegations, exchange of trade and investment information, facilitation of joint ventures and technology transfer, and organisation of business events aimed at helping enterprises explore new markets.
In addition, the agreement is expected to further strengthen economic engagement between India and France by creating platforms for greater interaction between companies, investors and institutions.
— IANS
Reader Comments
Finally some proactive steps towards boosting trade partnerships! The focus on technology collaborations with France is particularly promising. Hope this translates into actual ground-level benefits for MSMEs, not just big corporates.
Good to see institutional collaborations like this. The Arab region has huge potential for Indian agriculture, food processing, and IT services. Let's hope these MoUs don't remain just paperwork 😐
Shabash ASSOCHAM! This is exactly what Make in India needs - more market access. The agricultural export division from France being involved is a smart angle too. We can learn a lot from French agri-tech. 🌾
All this is good but we need to question the effectiveness of these MoUs. How many have actually resulted in concrete investments in the past? The industry bodies should also focus on simplifying regulatory hurdles for foreign investors. Kaam ki baat karein.
Proud to see India strengthening its global partnerships! The emphasis on joint ventures and technology transfer with Arab nations is particularly relevant given our growing energy needs. Forward-looking approach 👏
Waah! The IACCIA partnership is important for Gulf cooperation. With so many Indians working in the Gulf region,
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