PHDCCI’s 35th Edition of Ambassadors’ Meet concludes: Trade and Investment flows to leapfrog to the next level

No.PR-11

April 26, 2019

New Delhi

PHDCCI’s 35th Edition of Ambassadors’ Meet concludes: Trade and Investment flows to leapfrog to the next level

India’s trade and Investment flows are anticipated to leapfrog to the next level as the reforms undertaken by the Government at the Centre have continuously focused on dynamic trade and investment facilitation measures during the last five years, said the Industry Body, PHD Chamber of Commerce and Industry (PHDCCI) in a press statements issued here today.

Around 75 countries participated in the Ambassadors’ Meet organized on Wednesday, 24th April 2019 at the Taj Palace Hotel, New Delhi. Officials from the various Ministries and Departments of the Government of India, members of the PHDCCI and industry stakeholders participated in the Ambassador’s Meet.

PHDCCI has initiated several trade and investment promotion activities since the last many years and providing handholding to global investors to invest in India’s various promising sectors across the States, said Mr. Rajeev Talwar, President, PHD Chamber of Commerce and Industry.

A dedicated trade and investment promotion portal at PHD Chamber ‘Trade and Investment Facilitation Services’ provides a one stop single window information to trade and industry stakeholders across the economies with the objective of making India a USD 100 billion FDIs destination by 2022, said Mr. Rajeev Talwar.

Chairman, CBIC Shri Pranab Kumar Das graced the occasion and spoke about the candidature of India to the World Customs Organization. Many dignitaries from Ministry of External Affairs, officials from the State Governments including Punjab, Delhi, Haryana , Chhattisgarh and Andhra Pradesh, among others participated in the Ambassadors’ Meet and interacted with the diplomats from various countries for the promotion of bilateral trade and investments flows.

Senior Central and State Government officials including Mr Satya Srinivas, Joint Secretary (Customs), CBIC, Mr Vipin Kumar, Resident Commissioner, Government of Bihar, Mr Manoj Kumar Pingua, Industry Secretary, Govt. of Chhattisgarh, Dr Prafulla Chandra Mishra, Statistical Advisor, Directorate General of Foreign Trade, Ministry of Commerce & Industry, Government of India, Mr Manoj Kumar Bharti, AS (ED & States), Ministry of External Affairs, Mr Manish Prabhat, JS (ERS), Ministry of External Affairs, Mr Mahaveer Singhvi, Joint Secretary, Ministry of External Affairs, Mr Abhishek Narang, Addl CEO, Invest Punjab, Mr Ajay Dua, Former Secretary, Ministry of Commerce & Industry, Mr Arun Kumar Singh, Under Secretary, Ministry of Textiles, Mr Vijay Kumar, Director, Ministry of Micro, Small & Medium Enterprises, among others participated in the Ambassadors’ Meet.

More than 175 members of the Chamber along with their spouses made most of this opportunity to interact with the diplomatic community. Distinguished Past Presidents including Dr. Raghupati Singhania, Shri P. K. Jain, Shri Ravi Wig, Shri Sanjay Bhatia, Shri Suman Jyoti Khaitan , Shri Alok B Shriram and Shri Gopal Jiwarajka also participated in the Ambassadors’ Meet and interacted with the dignitaries from the foreign missions in India.

PHD Chamber is promoting bilateral trade and investment flows across the regions and nations by organizing various exhibitions, buyer Seller Meet, Road shows through India’s missions abroad, said Mr. Rajeev Talwar.

The Ambassadors’ Meet has become the hallmark of good economic, social and cultural relations with all the Foreign Missions. Officers of PHDCCI interacted with the diplomats and discussed the dynamic policy reforms undertaken and apprised them about the sterling performance of the Government during the last five years, said Mr. Rajeev Talwar.

The Meet offered an excellent opportunity to the Officers of PHDCCI to foster better relationships with the diplomats so that they respond promptly to the needs of our country when our officers visit various nations while accompanying Indian dignitaries abroad, said Mr. Rajeev Talwar.

Around 150 diplomats including Ambassadors / High Commissioners and other Diplomats representing around 75 countries of Afghanistan, Angola, Azerbaijan, Bangladesh, Belarus, Belgium, Bhutan, Brazil, Bulgaria, Burkina Faso, Canada, Chile, China, Costa Rica, Czech Republic, Democratic Republic of the Congo, Denmark, Ecuador, Egypt, EI Salvador, Eritrea, Ethiopia, EU, France, Gambia, Greece, Guinea, Guyana, Iceland, Indonesia, Iran, Iraq, Kazakhstan, Kyrgyz Republic, Latvia, Laos, Malawi, Mauritius, Morocco, Myanmar, Namibia, Nepal, Niger, Nigeria, Norway, Palestine, Panama, Papua New Guinea, Peru, Romania, Russia, Rwanda, Senegal, Serbia, Slovak Republic, Somalia, Spain, Sri Lanka, Taiwan, Thailand, Trinidad & Tobago, Turkmenistan, Uganda, UK, USA, Uzbekistan, Vietnam, Yemen, Zambia and Zimbabwe participated in the Ambassadors’ Meet.

Going ahead, India with its fastest speed of economic growth is expected to increase the flows of trade and investments manifold, said Mr Rajeev Talwar.

Recently, PHD Chamber of Commerce and Industry has suggested a five pronged strategy including Identification of prospective products to scale up the export volumes; strengthening the export growth momentum towards emerging and developing economies through greater access in the Asian and African economies; Structural improvements in export and logistics infrastructure; Developing the supply chains of Micro, Small & Medium Enterprises and Enhancing the overall ease of doing exports to revitalize exports and achieve a US$ 700 billion annual target by 2025, said Mr Rajeev Talwar.

Ends.

Koteshwar Prasad Dobhal

Consultant (PR)