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Second India-Afghanistan trade show opens in Mumbai

IANS  |  Mumbai 

The second annual India-International Trade and Investment Show opened in on Wednesday under the aegis of the US Agency for International Development (USAID), and governments.

The four-day event will showcase business and investment opportunities and bolster international trade, officials said.

Around 200 businesses, 1,200 and 100 international business leaders are participating in the event.

On display are the best of products, services and business opportunities in textiles, carpets, gems and jewellery, luxury goods, agriculture and horticulture, energy, health, education, and heavy industry, among others.

A panel discussion was also held about 'match-making' opportunities for Afghan, and global businesses.

"The US appreciates India's important contribution to stability in especially in economic assistance and development. This event helps fulfill commitments our leaders made to the citizens of all three countries," said US charge d'affaires to MaryKay Carlson at the inauguration.

Afghanistan's Abdullah Abdullah, Acting Mohammed H. Qayoumi, Chairman of Ghazanfar Group Ismail Ghazanfar, Subhash Desai, and other dignitaries were present on the occasion.

Today's,theme was on doing business in Afghanistan featuring top who have invested in that country, besides a cultural show, 'Afghan Treasures' highlighting its Silk Road heritage, besides an expo on Afghan grapes at a suburban mall.

During the first event in 2017 in New Delhi, and Afghan signed contracts totalling over $27 million for raw and processed agricultural products, besides MoUs totalling $214 million, said Afghan to India, Shaida

"Air cargo for Afghan exports is speedy and cost-effective compared with road transport. By 2020, the India-Afghanistan trade is expected to touch more than $2 billion and 'Passage to Prosperity' will further advance trade integration," added Abdali, at a pre-event meet here last month.



(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Wed, September 12 2018. 19:54 IST