LAHORE: The inaugural ceremony of Second India Show-2014 will be held at the Expo Centre Lahore today (Friday) showcasing a large number of Indian products.
The mega event will feature a variety of Indian products for Pakistani buyers. Minister for Commerce and Textile Industry Engineer Khurram Dastagir Khan will address the inaugural ceremony.
The ceremony will be attended by TDAP Secretary Rabiya Javeri Agha, Dr Jyotsna Suri, senior vice president of FICCI, Indian and Pakistani government officials, leading entrepreneurs, traders and industrialists and a large number of people from business community from across the border. The Trade Development Authority of Pakistan is facilitating the Indian trade delegates and will be arranging B2B meetings with their Pakistani counterparts on agro food, gems and jewellery, marbles, services and textile and clothing sector.
The Expo Centre is well decorated to welcome the guests. The three-day event will provide an opportunity to the buyers and the sellers to interact on various business matters. People to people interaction through trade scenario will help foster economic prosperity in the region.
The three-day mega event also features a vintage car and motorbike drive from Amrtisar to Lahore and back and a cultural extravaganza. The Pak-India trade and industry leaders pledged to continue to work consistently towards establishing a strong foundation of India-Pakistan economic ties. The positive vibes will translate into a significant leap in transactions and flow of goods across the border.
Trade has already accelerated with the formal exchange of goods between India and Pakistan increasing from $250 million in 2003 to $2.4 billion in 2013, showing an annual growth rate of 25 percent in the last 10 years.
Experts quote the potential trade between the two nations to be as high as 10 times the current value. The show, while aiming to showcase the best of India in the 21st century, is also a conscious effort to build on the success of the first show which has carved a niche for itself in the region as a preferred rendezvous for buyer and sellers. This is substantiated by the fact that most of the Indian exhibitors exhausted their stocks of goods in the first few days of the opening of the Made in India Show in Pakistan, which was held in February 2012.
The endeavour this time is to set new benchmarks of success guided by the theme of building partnerships through economic engagement to promote inclusive growth in the region. To serve this purpose, a strong presence of Indian industry has been ensured with more than 90 Indian companies representing sectors as diverse as textiles, transport, agriculture and allied services, healthcare, gems and jewellery, readymade garments, steel industry, warehousing, handlooms, construction equipment, jute products, industrial paints and consumer durables.
The India Show in Pakistan offers manifold benefits to all stakeholders. It has potential to expand trade networks between India and Pakistan, bringing down costs, generating employment and expanding regional trade. It offers a gateway to a huge potential market in the region, an opportunity for businesses on both sides to explore investment and joint-ventures and a valuable platform for forging business linkages in the region. The show will witness the convergence of business leaders, government officials, artists and journalists whose presence along with high-level ministerial sessions on trade issues and strategies will ensure rich deliberations and help in dissemination of information and knowledge.After this show, Made in Pakistan Show would held in New Delhi.
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