KARACHI: As businesses remain affected due to fresh wave of terrorism in the country, Machine Tools & Automation Pakistan and Auto & Auto Parts Pakistan exhibition opened at the Karachi Expo Centre with an aim to expand the markets and generate growth.
The fifth MTAP and AAPP expo started on Thursday with participation from 30 countries. The three-day exhibition has 25 stalls representing about 100 companies from different countries.
Given the portrayal of Pakistan in the media, investors from foreign countries were really reluctant to come to Pakistan for business.
“I was extremely very afraid,” said an American businessman Jean-Claude Chalouhi. “But when I came here, I found the people very friendly and moderate, and the environment is safer than any European country,” he said. “Pakistan has great potential for business as the global economic recession has not had much of an effect here in comparison to other countries of the world,” added Chalouhi, who is a cutting tools manufacturer.
Rajesh K Jain, an investor from India, took the initiative to tackle business opportunities in Pakistan. “It was an individual initiative to come here, and I see no problem in doing business if the market allows. I also see great potential and cultural affinity here,” said he.
“However, most of the businessmen here and back in India are not aware that we can do direct business with each other,” said he.
The Karachi Chamber of Commerce and Industry President, Abdul Majid Haji Muhammad, while inaugurating the exhibition, said that as much as the business sector is striving for growth, a few actions of the government are disturbing for the businessmen.
He said that the gas load management plan recently announced by the government will result in severe loss of industrial production.
He said that the business community will resist it to the fullest as, if implemented, it might result in negative growth of the industry and seriously affect the overall GDP. He also announced that the KCCI will organise single country exhibitions in the unexplored markets of Africa and South America early next year to familiarise and boost exports of Pakistani products in these continents.
http://www.thenews.com.pk/daily_detail.asp?id=208172
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment