Sunday, January 29, 2017

Bahrain’s first Indian Business Partnership Summit takes place at GIF

India’s PHD Chamber of Commerce and Industry, in association with Hilal Conferences and Exhibitions (HCE), will present the first Indian Business Partnership Summit to take place in Bahrain, next month.

The summit takes place on February 7 at 2 pm on the sidelines of the Gulf Industry Fair at the Bahrain International Exhibition and Convention Centre.

The Indian business delegation to Bahrain will be led by senior vice president of the PHD Chamber, Anil Khaitan, along with 30 Indian companies with diverse business interests and multiple products and services.

According to Khaitan, the team will hold detailed discussions and with their counterparts at the summit to further cement the trade and economic ties between India and Bahrain.

The delegation led by PHD will feature business leaders involved in a variety of sectors such as energy including solar, real estate, financial services, rural e-commerce, venture capital funds, logistics, ports and maritime, startups, aluminum, manufacturing, industrial metals (steel and alloys) and academic and research bodies.

“PHD Chamber is organising this summit at Bahrain for the first time. This is in great measure due to the persistence and co-operation with our partners HCE in Bahrain,“ added Khaitan.

India and Bahrain enjoy excellent bilateral relations characterised by strong political, economic and cultural contacts. This positive relationship is seen in the latest trade figures which valued trade between the two countries to be over $1 billion.

The recent resurgence in trade volume is based on non-oil sector. Financial services, real estate, plastics, and automotive components are major contributors to the current uptrend. Key initiatives such as opening doors to FDI, 100 Smart Cities, Make in India, Digital India, Oil and Gas sectors are critical to boost India’s efforts to revitalise the economy. These initiatives have generated much interest from Bahrain companies seeking opportunities in India and Indian companies exploring partnerships with Bahrain companies, the statement said.

 “The India Business Partnership Summit is the result of a vision shared by HCE and PHD Chamber to build on the bilateral trade and investment currently between Bahrain and India by engaging a wider audience of entrepreneurs and businesses from both countries,” said Jubran Abdulrahman, managing director of HCE.  

The chairman of the Housing and Urban Development Committee of PHD Chamber,  Manish Aggarwal, the deputy leader of the delegation, said: “Gulf Industry Fair offers a holistic platform for all aspects of growth for the national economy. The growth of “Housing for All” policies in India offers business opportunities for industry to service the smart cities of India.  Bahrain is also moving along the policy of creating smart urban hubs which could provide excellent cross-fertilization of ideas and products between India and Bahrain “

Attendance at the Summit is by invitation only. For conformation of invitations contact Sarah Al Moosa at [email protected] . –TradeArabia News Service

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