Hyderabad, Jul 29 :The Federation of Telangana Chambers of Commerce and Industry (FTCCI) entered into an agreement of Cooperation with Afghanistan Chamber of Commerce & Investment (ACCI), here Today.
The agreement was signed by ACCI CEO Shafiqullah Atayee and FTCCI President K Bhasker Reddy at a Seminar on Promotion of Business between Afghanistan and Telangana State being organized by FTCCI in presence of Telangana Principal Secretary ( Industries & IT) Jayesh Ranjan, Muhammad Suleman Kakar ( Consul General of Islamic Republic of Afghanistan ), Senior Vice Preside Anil Agarwal, Rajender Agarwal ( Chair International Trade Committee) and FTCCI CEO Khyati Naravane.
Speaking on the occasion, Jayesh Ranjan while congratulating FTCCI & ACCI for entering into an agreement of cooperation , said this partnership will play a key role in building trade and investment in both places.
He suggested that there frame work areas to be acted by FTCCI & ACCI in coordination with consulate including on identifying products imported by Afghanistan and how we can offer them good quality products; Collaborate with Afghanistan business community in establishing manufacturing units and increase market access for Afghan products in Telangana for the benefit of afghan business community.
Telangana Government will be happy to facilitate any aspect of this partnership, Jayesh Ranjan added.
Muhammad Suleman said the main purpose of singing this MoU, for both the Chambers, is to act together for promotion of trade between Telangana and Afghanistan.
Afghanistan is a great nation with natural resources and we look forward for even more trade relations with India especially with the State of Telangana in all the sectors including IT, infrastructure, mining, communication, education, energy, transport, agriculture, pharmacy and healthcare, he said.
From now on, the two Chambers will work together to promote business cooperation between the business communities in Afghanistan and Telangana. The Chambers will exchange market information which is necessary for companies, enterprises and organizations investing and operating in one or both countries, said Suleman.
The two Chambers will plan to organize seminars, symposiums, conferences, workshops, and meetings involving the business community in cooperation with the competent authorities. They will take possible measures for the further development of bilateral economic relations by involving in this process the wide range of actors like governmental and nongovernmental organizations as well as the companies and enterprises from different economic sectors.
In addition, the Chambers will regularly hold consultations in order to eliminate factors impeding bilateral trade and economic cooperation, and will promote the foundation of joint ventures in order to attract investment and promote economic cooperation between both business communities.
Bhasker Reddy, said we believe that global cooperation and integration through expanded trade ties will contribute to global stability and peace. The Indian markets especially Telangana has been growing consistently, and there are great opportunities to expand trade and investment, particularly in the pharma, agro & food processing, information technology, tourism, logistics, energy and manufacturing sectors.
We invite the Afghanistan government and companies to pro-actively partner in development projects and programs. These partnerships can help us reach new heights in our trade and commercial partnership, he added.(UNI)