The Indian market is highly receptive to Pakistani textile merchandise and hence, Pakistani businessmen should focus on this sector to enhance two-way trade between the two countries, Economic and Trade Minister of Pakistan High Commission in India Naeem Anwar said, according to a press release from the Lahore Chamber of Commerce and Industry (LCCI).
During his visit to the LCCI office, Mr. Anwar said Pakistani businessmen should chalk-out a well-tailored plan to penetrate the Indian market by availing the available business opportunities.
The diplomat said urged Pakistani businessmen to visit Indian markets and interact with Indian counterparts for having first-hand knowledge about the opportunities, as misperceptions are hitting hard the two way business.
“Since the Indians are now spending more energies on research, they are better equipped to deal with their global partners, and Pakistan would also have to focus on research to achieve the desired results on the economic front,” Mr. Anwar said.
Speaking on the occasion, the LCCI Acting President Mian Tariq Misbah apprised the visiting diplomat that the senior leadership of Indian chambers of commerce including Confederation of Indian Industry (CII) and some sector specific organizations were taking great interest to study the dynamics of Pakistan market, which clearly shows that Indian businessmen are doing their homework to assess the needs and requirements of various sectors, especially in the context of some competitive advantages and disadvantages available to both the business communities.
Mr. Misbah suggested organization of more visits by Pakistani business delegations to India, in order to develop close networking with their Indian counterparts.
He said the role of Pakistan High Commission in New Delhi will be of key importance to suggest Pakistani businessmen ways to exploit the Indian market to the best of its potential.
The LCCI wants that the commercial sections of Pakistan’s embassies abroad initiate market studies in their respective countries and send the same to business support organizations in Pakistan for their use and ready reference, Mr. Misbah said.
He said the Commercial Section of Pakistan High Commission in New Delhi can rightly guide Pakistani businessmen as to how they can match with the non-tariff barriers (NTBs) imposed by India to hinder Pakistani exports to the neighbouring country.
The LCCI Acting President also urged the Pakistani High Commission to organize fair and exhibitions in India, in liaison with Pakistan’s major chambers of commerce, as such activities would provide great opportunity for Pakistani business community to interact directly with Indian businessmen and also examine the Indian market first-hand.
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