Our Bureau

New Delhi, Jan. 20

THE Associated Chambers of Commerce and Industry of India (Assocham) has identified nine key areas of economic activities in which successful joint ventures can be set up between India and Pakistan. These include the cotton industry, engineering products, leather, food processing, fisheries, educational institutes, services, information exchange and tourism.

In a memorandum submitted to the Commerce and Industry Minister, Mr. Kamal Nath, the Assocham President, Mr Mahendra K. Sanghi, has urged him to take forward the chamber's initiatives and take up the matter with his counterpart in Pakistan so that a preliminary dialogue is commenced for the promotion of joint ventures in the above areas. Mr Sanghi argued that unauthorised trade roughly over $1.5 billion takes place between the two countries even in these areas.

The chamber has already projected an enhancement of bilateral trade to the tune of $10 billion with Pakistan by 2010 from the present bilateral trade figure of over $3 billion, provided enough initiatives are taken by the two Governments.

(This article was published in the Business Line print edition dated January 21, 2005)
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