LCCI chief invites Indonesian businessmen for joint ventures

LAHORE: Lahore Chamber of Commerce & Industry President Malik Tahir Javed has invited Indonesian businessmen to launch joint ventures with their Pakistani counterparts in auto-parts, agriculture and other sectors.

Talking to Indonesian Ambassador Iwan Suyudhie Amri at Chief Minister’s House, the LCCI president said that partnership between the businessmen of the two countries would help explore trade and investment opportunities.

He said that bilateral trade figures fairly indicate the economic relations between the two countries. However, the gap of trade needs to be minimised by way of allowing Pakistan to export more items to Indonesia.

The LCCI president said that there was also a lot of scope for Indonesia to make investment in Pakistan. Indonesia has a fairly advanced petro-chemical, rubber, plywood, telecommunication and

tourism industries.

He said that Indonesia could make direct investment in these industries and could also enter into joint ventures with Pakistani counterparts.

“And this is possible through active engagement of the Chambers of Commerce & Industry of the two countries, frequent exchange of economic & trade delegations to identify the areas of mutual interest and arranging single country exhibitions in each other’s country,” he added.

He said that the LCCI really appreciates the Indonesian embassy for maintaining excellent working relations which also contribute to enhancing trade ties between the two countries.

He said that Indonesia and Pakistan – members of the OIC, are bonded together by old historical links and enjoy cordial relations based on commonality of religion.