Financial Daily from THE HINDU group of publications
Tuesday, Jan 28, 2003
Financial Daily from THE HINDU group of publications Tuesday, Jan 28, 2003 |
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Industry & Economy
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Foreign Trade CII plans office in Teheran to boost trade relations Ashwini Phadnis
The Iranian President, Syed Mohammad Khatami, with the FICCI, President, Dr A.C. Muthiah, at a luncheon meeting with Indian businessmen in the Capital on Monday.
NEW DELHI, Jan 27 REALISING the importance of Indian industry making its presence felt not only in the Iranian market but also in the markets of Central Asia and Europe, the Confederation of Indian Industry (CII) will open an office in Teheran. "The new CII office in Teheran will look at establishing and strengthening contact between Indian industry and the chambers of commerce and Government agencies in Iran. It will also look at ways to enhance bilateral trade relations between the two countries," CII's Adviser, Mr A.C. Patankar, told Business Line. The necessity of having a functional office in Teheran was felt, as sections of Iranian industry still perceive Indians to be manufacturing products of inferior quality. "There is a feeling in Iran that India still produces goods which do not match world-class standards. We will try and correct that image and convince the Iranians that Indian prices are very competitive," officials said. Though no firm date has yet been set for opening of the office, CII is keen to have the office functional by April this year as it would give the representatives enough time to generate interest in the Iranian market for the `Made in India' exhibition. "The exhibition is scheduled to be held towards the middle of September and will run for three-to-four days. The exhibition will showcase the strides that Indian industry has made. During the show a large Indian business delegation will also visit Iran to cement bilateral trade and investment relations," Mr Patankar said. Besides, CII also plans to invite sector specific delegations to India so that the Iranian business community can see for themselves the strides that the domestic industry has made. Officials felt that the textiles machinery sector was just one of the areas where India could offer expertise to the Iranian industry. Further, the fact that Iran has easy access to Central Asia and Europe, which will also provide another avenue for Indian goods to penetrate into these markets, officials said. However, CII officials felt that if trade links were to grow it was essential that there were more direct air links between the two nations.
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