Home / Knowledge / News / Textiles / LCCI, SRTEPC India sign MoU to fortify trade ties
LCCI, SRTEPC India sign MoU to fortify trade ties
05
Dec '12
Mr. Vinod Ladia
Mr. Vinod Ladia
A Memorandum of Understanding (MoU) for strengthening trade ties and sharing trade related information has been signed by Lahore Chamber of Commerce and Industry (LCCI) and Synthetic & Rayon Textiles Export Promotion Council (SRTEPC), India.
 
SRTEPC Chairman Vinod Kumar Ladia said similar business trends prevail in Indian and Pakistani textile sectors, and joint efforts on this side can lead to generation of a favourable situation for industries of both the nations.
 
Further noting that business communities of both the countries are ready to play their part, he urged the governments of the two nations to speedily act to normalize trade relations as soon as possible.
 
Mr. Ladia also highlighted the need for joint ventures between the two economies, noting that there is much that both the countries can share in diverse sectors.
 
He said Pakistani entrepreneurs should take their Indian counterparts as associates, rather than competitors. Entrepreneurs from both nations should strategise for mutually beneficial trade, business and supply cooperation, he added.
 
In his inaugural speech at INTEXPO-2012, organized by the Ministry of Textiles, Government of India, to showcase India’s supply capabilities across textile value chain and extend a unique sourcing opportunity to global buyers, LCCI President Farooq Iftikhar too replicated similar views.
 
Mr. Iftikhar said India and Pakistan should set aside all the differences that have been impeding the way of economic growth and prosperity of the two nations and try to gain from each other’s strengths.
 
He said the expo has extended a platform for representatives of private sector of both the countries to develop close contacts with each other, as entrepreneurs in both countries have always longed for arranging sector-specific exhibitions in each other’s countries. 
 
He further said the expo is uniquely significant, as it has been organized at a time when both countries are working to finalize several matters, particularly those related to the most favoured nation (MFN) status.
 
Mr. Ladia informed that about 35 leading textile enterprises from India showcased their latest collections at the expo, affording an opportunity to Pakistani entrepreneurs to know and join them. 
 

Fibre2fashion News Desk - India

Must ReadView All

Textiles | On 28th Mar 2017

India may impose duty on elastomeric filament yarn

The Government of India is likely to impose anti-dumping duty on...

Courtesy: Lee Cooper

Apparel/Garments | On 28th Mar 2017

CCI clears FLFL proposal to divest Lee Cooper

The Competition Commission (CCI) of India has approved the proposal...

Textiles | On 28th Mar 2017

Bardoli CEFC to benefit south Gujarat MSMEs

India’s first common engineering facility centre (CEFC) at Bardoli,...

Interviews View All

C Kamatchisundaram
Voltas

ITME is an occasion not only to receive new leads but also to work on...

Mohammad Mamun Ar Rashid
UL VS Bangladesh Ltd

Productivity, creativity and innovation play a vital role in the growth of ...

Rajiv Sirohi
Shara

‘Portugal is taking away a major share of the mill made sector.’

Eric Scholler
Groz-Beckert

The Indian market has huge potential in technical textiles, and by far,...

Marcel Alberts
Eurofibers

Coating at a fibre level is a practice not usually seen in the...

Kevin Nelson
TissueGen

Kevin Nelson, Chief Scientific Officer, TissueGen discusses the growing...

Prathyusha Garimella
Prathyusha Garimella

Hyderabad-based designer <b>Prathyusha Garimella</b> is known for blending ...

Jay Ramrakhiani
Occasions Elegance Wear

It is believed that by early 19th century, Varanasi weavers had moved away ...

Igor Chapurin
Chapurin

"Now we can see the Russian trend in international fashion. And Russian...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH
March 2017

March 2017

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

SUBSCRIBE


Browse Our Archives

GO


eNEWS
Insights
Subscribe today and get the latest News update in your mail box.
Advanced Search