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Asia Pacific Enterprise summit in Bangalore

Our Bureau

BANGALORE, July 1

A THREE-DAY meet of the Asia Pacific Enterprise Summit, which will focus on promoting investments, trade and technology transfers and joint venture is to be held in Bangalore from August 12 to 14. The Summit has been planned to leverage the diverse stren gths in business and industry of the region to complement each other for lucrative economic cooperation.

In view of the increasingly role being played by the counties in the Asia Pacific region in the international business arena, the Federation of Karnataka Chambers of Commerce and Industry (FKCCI) and the Government of Karnataka have decided to promote th is summit, said Mr R. V. Deshpande, Minister for Large and Medium Industry here.

Talking to reporters, Mr Deshpande said the region boasts of some of the wealthiest economies, most sophisticated financial markets, busiest maritime trade centers, largest poor of scientific manpower.And with a cross sectional character of the market of the region with 3.5 billion people can be used to promote high-end and low-end products.

Mr K. Ramaswamy, President of FKCCI said that some countries in the Far East and some in the ASEAN region were yet to properly exploit their competitive advantage while the business potential of some Oceanic countries like Australia, New Zealand has not been fully exploited. A lot of synergy among most countries in the region can be fruitfully harnessed for each other's needs.

Asia Pacific Indian Chambers of Commerce and Industry consisting of Chamber of Commerce and Industry, Hong Kong, Malaysia Association Indian Chamber of Commerce and Industry, Kuala Lumpur, Indian Merchants Association, Korea, Filipino India Chamber of Co mmerce, Manila; the Singapore Federation of Chambers of Commerce and Industry with Chambers of Indian, Chinese and Singapore-Malay Chambers; and representation from ZDH Partnership Programme-Singapore and Germany are among the participants.