The India–Pakistan Chamber of Commerce & Industry (IPCCI) has formed an India–Pakistan Business-to-Business (B2B) Joint Study Group to remove hurdles in bilateral trade and investment in the two countries.
The president of the IPCCI, Okra S Kantar, announced this during a press conference at a local hotel on Friday. He was flanked by the chairman of the study group, Side Year Ali, who is from Pakistan, Sara Kumar Plodder from India, and the president of the Federation of Pakistan Chambers of Commerce & Industry (FPCCI), Ch Mohammed Seed.
Side Year Ali said the committee would submit its preliminary report by the end of July, followed by a final report by the end of this year.
He said the committee would work on exploring opportunities for expanding trade and investment between the two countries, select sectors for mutual focus on the basis of a win-win formula and demonstrates benefits from trade and investment promotion by following recommendations of the joint study group.
The study panel from Pakistan includes Amen Hashanah, Zahra Seed Butt and Halide Amen as member secretaries from Pakistan. The Indian side panel includes Habil Fakhruddin Khorakiwala, Om Parkas Lohia and Dr Amit Mitra as member secretaries from India.
Sectors selected by the B2B Joint Study Group include agriculture and agro processing, services including health, education, IT, banking, entertainment and tourism, petrochemicals, chemicals, biotech & pharma, infrastructure including roads, railways, ports, aviation and telecom, textiles & garments, paper, cement, steel and sugar and investment and technology transfer. The chairman of the study group from the Indian side, Saroj Kumar Poddar, termed the formation of the group a first step towards moving in the right direction to build confidence between India and Pakistan.