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The India Show in Tanzania to boost bilateral trade
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SME Times News Bureau | 23 Sep, 2013
An exhibition of Indian technology and products aimed at boosting
India-Tanzania bilateral trade and investment will commence Wednesday in
the Tanzanian capital Dar-es-Salaam.
"The India Show" Sep 25-27,
with the theme of "Enhancing Growth, Nurturing Partnerships", is a
joint initiative of the Indian commerce ministry, the Confederation of
Indian Industry (CII) and India Brand Equity Foundation, CII said here
in a statement.
Minister of State for Commerce D. Purandeswari will inaugurate the event.
The
CII has put together a group of around 400 people to visit Tanzania and
explore opportunities in East Africa in what it described as India's
largest such show so far in the continent.
"The show will create
awareness and explore business opportunities available for both
countries, and open windows to the larger markets of the East African
community," CII said.
"The Tanzanian market has to be sensitized
as it has huge potential and Indian exporters should take advantage of
the country, particularly when Tanzania, being a member of the East
African Community (EAC), enjoys custom tariff and trade preferential
agreements," said Chandrajit Banerjee, director general, CII.
The
show features more than 100 Indian companies including Amul, Airtel,
Escorts, Godrej & Boyce, Kirloskar Brothers, L & T, Mahindra
& Mahindra, MMTC, Fiat India, Power Grid Corp, Spices Board of India
and TATA, said CII.
India's trade with Tanzania has been
growing and its volume crossed the billion-dollar-mark in 2010.
Bilateral trade in 2012 was worth nearly $1.4 billion.
The 8th
session of the India-Tanzania Joint Commission on Economic, Technical
and Scientific Cooperation was held July 8-9 in the Tanzanian capital,
with Minister of State for External Affairs Preneet Kaur leading the
Indian delegation.
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