PHD CHAMBER ORGANIZING INDIA BUSINESS PARTNERSHIP SUMMIT AT BAHRAIN ON 7TH FEBRUARY 2017

PHD CHAMBER ORGANIZING INDIA BUSINESS PARTNERSHIP SUMMIT AT BAHRAIN ON 7TH FEBRUARY 2017

PHD CHAMBER ORGANIZING INDIA BUSINESS PARTNERSHIP SUMMIT AT BAHRAIN ON 7TH FEBRUARY 2017

 

No.PR-154
January 11, 2017
New Delhi
 

PHD CHAMBER ORGANIZING INDIA BUSINESS PARTNERSHIP SUMMIT AT BAHRAIN ON 7TH FEBRUARY 2017
 

PHD Chamber of Commerce and Industry is mounting a high level business delegation away to Bahrain to organize a “India Business Partnership Summit” slated for 7th of February, the basic objective of which is to further cement the trade and economic ties between India and Bahrain in the emerging business scenario.
 

The Summit is coinciding  with two-days Gulf Industry Fair between 7th & 9th February, which is scheduled to be inaugurated by Prince Khalifa Bin Salman Al Khalifa, Prime Minister of Kingdom of Bahrain.
 

The delegation to be led by Senior Vice President of the PHD Chamber, Mr. Anil Khaitan will have representation of around 25 to 30 Indian companies, having diverse business interests with multiple products and services is likely to have intense and protected discussions and parleys with their counterparts at India Business Partnership Summit, said Mr. Khaitan in a press statement issued here.
 

Some of the key business sectors that would have representation in the delegation, consists of sectors such as energy including solar, real estate, financial services, venture capital funds, logistics, ports and maritime, startups, aluminium, manufacturing, industrial metals (steel and alloys) and academic and research bodies.
 

Chairman, Housing and Urban Development Committee, PHD Chamber, Mr. Manish Aggarwal would be the deputy leader of the delegation, however, pointed out that the real estate and construction sector which is growing leaps and bound in India particularly with emphasis on ‘Housing for All’ could attract partnership from Bahrain for smart cities in India. 
 

Mr. Khaitan further emphasized that it is for the first time that such a diverse business delegation is being mounted by the PHD Chamber to a country, with which variety of business and economic relations could be carved out for mutual gains as also spur up two-way economic and bilateral trade, the potential of which is so large as to be realized sooner than anticipated.
 

The Chamber holds that this unique summit which is happening for the first time also aims to combine the strengths of Bahrain and GCC countries with the vibrancy & scale of India to discuss new ways of cooperation between Industries and to further build partnerships for mutual business cooperation.
 

India and Bahrain enjoy excellent bilateral relations characterized by cordial political, economic and cultural contacts. The upward trend demonstrated in the latest trade figures surpassed one billion US dollars. The recent resurgence in trade volume, interestingly, is based on non-oil sector. Financial services, real estate, plastics, and automotive components are major contributors to the current uptrend. Key initiatives such as opening doors to FDI, 100 Smart Cities, Make in India, Digital India, Oil & Gas sectors are critical to boost India’s efforts to revitalize the economy. These initiatives have generated much interest from Bahrain companies seeking opportunities in India & Indian companies exploring partnerships with Bahrain companies.
 

Ends.

Koteshwar Prasad Dobhal
Consultant (PR)