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IWCCI, Indian Chamber signs MoU to intensify cooperation

Islamabad Women’s Chamber of Commerce and Industry (IWCCI) and PHD (Punjab, Haryana, Delhi) Chamber of Commerce and Industry have signed a MoU to promote trade and investment and improve linkages between the business communities of two countries.

The MoU was signed by Samina Fazil, founder President, IWCCI and Ravi Vig, former president, PHD Chamber which was witnessed by a large number of business leaders from the two countries.

IWCCI and PHD Chamber have agreed to establish and develop commercial links between the business communities of both countries in general and their respective members in particular.According to the MoU, both trade bodies will constantly endeavour to improve cooperation, assist trade missions, exchange information and find other methods for promotion of trade.The two chambers will jointly organise seminars, conferences, exhibitions, trade fairs and other promotional activities to further business relations between two countries.

Speaking on the occasion, Samina Fazil said that the objective of MoU signing is to develop policies in trade, investment and tourism between Pakistan and India and expand existing business base and increase understanding.

Both parties have agreed to a working plan, the scope of which will cover effective information sharing, networking, exploration of opportunities, search for problem solving, joint initiatives, reaching international markets together and providing training, she informed.Samina said that we have great economic potential which calls for development of professional human resources with focus on energy and automation industry, supplier and services industry, IT, garments, fashion industry, handicrafts and research and development.
She lauded the role of Malik Sohail Hussain, Special Adviser to IWCCI and Chairman Media FPCCI who employed all his energies to make visit of IWCCI delegation to India a success which will go a long way in building more cross border partnerships to help improve the socioeconomic life of the people.IWCCI is the first ever women’s chamber in Pakistan which has signed MoU with a foreign chamber, Samina told audience.

Ravi Vig and other business leaders of the PHD Chambers said that we aim to build solid relations between the two countries by working-out ways and means for the betterment of the business community.Highlighting the importance and basic objective of the MoU, they said it will help us enhance mutual cooperation and take benefit from each other experiences.It is a good initiative between the chambers which are now strategic partners; the step will prove a step in the right direction which will encourage others too.

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