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Punjab cashes in on international trade and investment tie-ups | Today's business environment in the country is favourable for both trade and investment, and Punjab is cashing in on this opportunity through international tie-ups and trade shows. Tajikistan's Ambassador in India, Saidbed Saidov was
in Punjab recently to take part in deliberations on fostering Indo-Tajik trade
and investment. He met Punjab's political and business leaders, and evinced keen
interest in setting up joint ventures in agro-processing and agriculture as well
as power from non-conventional sources of energy and hydropower generation. Tajikistan
is keen to invest in Punjab and transfer technology for setting up hydel power
plants. "Today in Punjab, I am seeing Punjabi people working very hard and they
should go to Tajikistan for tourism because 93 percent territory of Tajikistan
has mountains. We have very good places and good facility and good weather. That's
why I as ambassador of Tajikistan welcome everybody of you Punjabi people. I invite
you to visit Tajikistan," Saidov said. Punjab is fast emerging as an investment
destination and its industrial policy has a special dispensation for mega and
super mega projects. It is the leader in cycles, textile, leather and agro-products
and has the potential to export its products to Tajikistan. Punjab also looks
forward to forging an alliance with the major Tajikistan industrial units to deliver
quality products. The cycle industry is buoyant with the opening up of trade with
Tajikistan. "The geographical area of Tajikistan is very much similar to Punjab.
We hope that relations between both countries will improve. Tajikistan has a population
of seven million and every house has 2-3 cycles. We are looking at a big market
there. The cycle industry of our country has remained unnoticed till now but their
visit has given us a hope. We are planning to visit Tajikistan with our delegation
very soon," said D.S Chawla, President of the United Cycle and Parts Manufacture
Association. Punjab has a diversified agricultural economy and is a major producer
of food grains contributing more than 60 per cent to the national food pool besides
producing quality vegetables, fruits and vegetables. The state now looks forward
to forging an alliance with the major Tajikistan industrial units to value add
to its agricultural produce. "The cotton yield of Tajikistan is similar to an
extent to Punjab and our textile industry depends on cotton. Tajikistan possesses
plenty of fertile land, so they wish that Punjabi farmers would produce cotton,
wheat and other crops there," said Pavitra Pal Singh, President of the Pau Kisan
Club. In recent years, Punjab has been projecting itself as a destination for
trade and investment. In a recently concluded Punjab International Trade Expo
(PITEX) in Amritsar several participating countries explored the possibility of
business promotion and collaboration in the North Indian market. Punjab has a
lot to offer to its foreign partners. |
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