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Indo-Pak businesses eye jt ventures to boost trade

AFP, New Delhi
Firms from arch-rivals India and Pakistan are hoping to seal several joint ventures and marketing tie-ups as business leaders from the two countries talk trade, a spokesman from India's leading trade lobby group said Tuesday.
Abhinav Kanchan, spokesman for the Federation of Indian Chambers of Commerce and Industry (FICCI), said one-on-one meetings on Tuesday between a visiting Pakistani business delegation and chiefs of Indian industry had been "very fruitful."
"Businessmen from India and Pakistan have taken steps towards forging joint ventures in textiles,
chemicals, food processing, chemicals and dyes," said Kanchan.
"Pakistani businessmen are also looking at India for technology collaborations in the electronics sector."
Hassan Muslim from Pakistanbased Qarshi Industries said he was hoping to forge a marketing and distribution tie-up with an Indian firm.
"We have a very large distribution network in Pakistan for our naturopathy products and fruit syrups. I am here to look for an Indian firm who will distribute our products in India. We will do the same for our Indian partner in Pakistan," Muslim told AFP.
"It will be a mutually symbiotic
relationship to tap the tremendous business potential that exists between India and Pakistan."
Qarshi is in talks with India's Anand Dairy Product Co-operative which has the popular Amul brand and Delhi-based Dabur Industries.
The visiting delegation met Prime Minister Atal Behari Vajpayee Tuesday and urged him to ease visa restrictions for Pakistani businessmen.
"We had a very good meeting with the Indian prime minister where we discussed visa concessions for Pakistani businessmen," Ilyas Ahmed Bilour, co-president of the India-Pakistan Chamber of Commerce and Industry told reporters.
The Pakistani delegation presented Vajpayee with a joint memorandum seconded by FICCI on increasing bilateral trade by improving transport and communication facilities.
"It is important to remove transport bottlenecks to encourage the flow of goods, people and capital between India and Pakistan. We really want trade between the two countries to grow," Bilour said.
The delegation visit comes after Vajpayee offered a "hand of friendship" to Pakistan in April, leading to a restoration of diplomatic ties between the nuclear rivals, who have traditionally hostile relations and came to the brink of war last year.