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 25th Sep 2017

SVP Group to build $300 mn spinning plant in Sohar

ShriVallabh Pittie Industries (SVP) Group, a diversified yarn...

Apparel/Garments | On 25th Sep 2017

Vietnam textile sector to gain if EU FTA gets ratified

Experts feel the Vietnam-European Union (EU) free trade agreement...

Courtesy: Business Wire

Textiles | On 25th Sep 2017

Invista to use ADN technology at joint project in France

Invista, a leading producer of chemical intermediates, polymers, and...

Interviews View All

Top executives
Textile industry, India

Such fairs are a must for industry to showcase new innovations

Smarth Bansal
Colorjet India Limited

We would like to venture more companies into the Indian market

Nishank Patel
Shri Dinesh Mills Limited

Broad range of fabrics will sell well this financial year

Kevin Nelson
TissueGen

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

Iago Castro Asensio
RCfil Distribuciones S.L.

Iago Castro Asensio, International Business Manager of RCfil...

Urs Stalder
Sanitized AG

Urs Stalder, CEO, Sanitized AG, talks about the increasing use of hygiene...

Sanjukta Dutta
Sanjukta's Studio

<b>Sanjukta Dutta</b> creates unique garments by clubbing prints of...

Divvya and Nidhhi Gambhir
Walnut

<b>Divvya and Nidhhi Gambhir</b> started their career with the launch of...

Vaanee Bhatia
Gritstones Clothing

<div>Delhi-based Gritstones Clothing offers quality and exemplary style...

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

September 2017

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

news category


Related Categories:

Planning to Take the Leap towards
Sustainability?

Do you see sustainability as a route to business growth?

Yes No

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes No

Active Poll

Do you see sustainability as a route to business growth?

Yes
74.5%
No
12.8%
Skip
12.8%

Total Votes: 47

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes No

Active Poll

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes
61.7%
No
25.5%
Skip
12.8%

Total Votes: 47

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes No

Active Poll

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes
87.2%
No
6.4%
Skip
6.4%

Total Votes: 47

Thanks for your valuable feedback. Claim your free latest sustainability e-book.

Active Poll

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes
70.2%
No
10.6%
Skip
19.1%

Total Votes: 47


E-News Insight
Subscribe Today and Get the
Latest News Update in Your Mail Box.
Advanced Search