Asian-Arab Chamber visiting Srinagar next month

A high-level delegation of the Asian Arab Chamber of Commerce (AACC) will be visiting Srinagar next month.

The visit is being organized by Kashmir Chamber of Commerce and Industries (KCCI).

The delegation comprising representatives of business chambers and ambassadors of various Arab countries will hold meeting with Chief Minister Mufti Muhammad Sayeed.

President KCCI Sheikh Ashiq said the decision to organize such visit was taken at a meeting with AACC in Delhi recently.

“The president of AACC met KCCI members in Delhi. It was decided in the meeting that the delegation will come to Kashmir,” Ashiq said.

He said the delegation will explore the possibilities of investment in Kashmir and highlight Jammu and Kashmir to foreign investors.

“The presence of AACC in 48 countries will open up new markets for exporters of the Valley,” the president KCCI said.  “A memorandum of understanding (MoU) will be signed between AACC and KCCI to explore ways for investments by Kashmir-based business houses in Asian and Arab countries and vice-versa,” he said.

“A joint survey will be conducted by AACC and KCCI to find ways to give boost to business between Kashmir and Arab region,” he added.

The delegation will also discuss technical education and skill development for Kashmiri youth. “Following AACC visit to the valley, a delegation of KCCI will visit several unexplored business destinations across Asia and Arab to join hands with leading business houses,” Ashiq said.

“Food processing and several other sectors like handicrafts, horticulture and multi-sectoral vocational training courses will be discussed during the visit,”  he said.

On the lines of AACC’s global level exhibition, KCCI is planning to hold a similar exhibition in Srinagar. Training programs for Kashmiri youth will be held by Japanese and South Korean governments to make them employable, he said.