Single-window for Arab-Punjab trade

Single-window for Arab-Punjab trade

New Delhi: The Punjab Government and Assocham have decided to jointly establish a mechanism to provide a ‘One-Window Facilitation Centre’ that can promote economic and trade activity between Arab countries and Punjab especially in agro-based products, auto components, agriculture equipments, sports goods and textile garments.

Over 40 one-to-one meetings were conducted between 15 senior diplomats from Arab countries at the 7th Indo-Arab Conference organized in Chandigarh on the morning of 8August.

Highlights of the meeting

* Punjab Finance Minister,Panpreet Singh Badal suggested joining power sector specially in renewable and hydro, telecommunications and infrastructure.

* Ethopian High Commissioner was hopeful of attracting atleast 4/5 investors in agriculture implements and mini-hydro.

* Mauritius High Commissioner confirmed receiving serious proposals for joint ventures and export-import, which had the potential of turning into actual business.

* Investors from Punjab, Haryana and Himachal Pradesh showed interest in investing in horticulture, oil seeds, food processing and textile products.

* The minister committed to sending a farmers delegation to Arab countries for tie-ups in the field of mechanized farming. Also, another delegation would be sent to explore opportunities in skill development and infrastructure development.

* ‘Textile Park’ which has been approved by Punjab government could have Arab countries joining in as collaborator.

* The 8th Assocham Indo-Arab Conference scheduled for November would see 100 potential investors from the Arab world.

* The Secretary General of the Arab League will visit India along with a high powered delegation in December, when numerous joint ventures would be announced soon.