Hotline: 1800 102 2007
X
Search Business Opportunities
2014-02-27

India, Pak businessmen recommends more land routes to boost trade

Indian and Pakistani businessmen have recommended opening up of more land routes to boost trade between the two nations.

Indian and Pakistani businessmen have recommended opening up of more land routes to boost trade between the two nations. 
 

During wide-ranging discussions at the Pakistan India Joint Business Forum held in Lahore recently, they called for formation of task-forces on sectors like agriculture, automotive, energy and SMEs, while concluding with a list of recommendations identifying areas of potential cooperation, according to a report by Pakistani daily 'Dawn'. 
 

Businessmen of both sides recommended opening up of more land routes, ensuring that the Integrated Check Post (ICP) at the Wagah-Attari border is operational on both sides and facilitating phone communication, the report said. 
 

The delegates also emphasised on the need for a dispute resolution mechanism and proposed the immediate implementation of the Redress of Trade Grievances Agreement, ratified by both countries in September 2012. 
 

They noted that there had been progress in the power sector with India offering to sell electricity to Pakistan and both sides discussing tariffs and modalities for transmission. 
 

The energy task-force emphasised the importance of business-to-business collaboration and government support, specifically in renewable energy projects. 
 

The two governments were advised to move forward in facilitating cross-border sale of power. 
 

However a majority of Pakistani delegates were of the opinion that like the previous two rounds of negotiations, they got a clear message that India is ready to accord access to its markets through manufacturing on its soil and not through trade. 
 

"In spite of repeated requests, the Indians kept on explaining customs and excise duties that too without cascade and not tariff," some delegates representing Pakistan's agriculture, auto and engineering besides SME sectors in the negotiations, told Dawn.

 

Related opportunities
  • Other Vocational Training
    Started in 2006, Indian Institute of Computer Science (IICS) is..
    Locations looking for expansion Haryana
    Establishment year 2006
    Franchising Launch Date 2018
    Investment size Rs. 30lac - 50lac
    Space required 2000
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater Faridabad Haryana
  • Competitive Exam Coaching Institute
    About Us: Sinhal Classes, founded by Prof. O P Sinhal is ..
    Locations looking for expansion Maharashtra
    Establishment year 1982
    Franchising Launch Date 2018
    Investment size Rs. 20lac - 30lac
    Space required 800
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater Mumbai Maharashtra
  • Security Services
    About Us: A GPS tracking unit is a device that uses..
    Locations looking for expansion Delhi
    Establishment year 2016
    Franchising Launch Date 2018
    Investment size Rs. 50 K - 2lac
    Space required 250
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater New delhi Delhi
  • Others Dealers And Distributors
    About Us: We are Authorized Distributor of Rulexx lubricants And Grease..
    Locations looking for expansion Maharashtra
    Establishment year 2016
    Franchising Launch Date 2016
    Investment size Rs. 10lac - 20lac
    Space required 500
    Franchise Outlets -NA-
    Franchise Type -NA-
    Headquater navi mumbai Maharashtra
Insta-Subscribe to
The Franchising World
Magazine
For hassle free instant subscription, just give your number and email id and our customer care agent will get in touch with you
OR Click here to Subscribe Online
Daily Updates
Submit your email address to receive the latest updates on news & host of opportunities

Free Advice - Ask Our Experts