Southern States - Andhra Pradesh-Hyderabad   

FAPCCI team to visit Dubai, Mauritius to explore tie-ups

By Our Special Correspondent

HYDERABAD May 28. A 16-member business delegation of the Federation of Andhra Pradesh Chambers of Commerce and Industry (FAPCCI) is visiting Dubai and Mauritius from May 30 to June 8, to explore business tie-ups, trade and investment opportunities.

The Federation will also be signing a Memorandum of Understanding (MoU) with the Mauritius Chamber of Commerce and Industry, and Dubai Chamber of Commerce and Industry. The delegation will be headed by the FAPCCI President, Omprakash Tibrewala, who has business interests in real estate development, textiles and sanitary items, and will have members representing sectors like paper manufacturing, sugar, rotomoulding products, spinning mills, and healthcare products.

The delegation comprises four heads of companies, which have interests in real estate. There is even an exhibition organiser and event manager (Suraj Singh Malhotra, head of Namdhari India), while the spinning mill sector is represented by Swathi Sanghi of Sanghi Spinners.

Briefing presspersons here on Wednesday, Mr. Tibrewala, Shekar Agarwal, head of Foreign Trade Committee, FAPCCI, and Suraj Prasad Agarwal, who represents the construction industry, said the United Arab Emirates (UAE) is among the biggest trading partners of India with bilateral trade of about $4.3 billion. India is among the top six exporters to UAE.

They pointed out that 18 Indian Public Sector Undertakings have their representative offices in Dubai. A number of IT companies like Infosys, Satyam, Wipro, etc also have offices in Dubai and Sharjah. There are 43 Indian schools with 60,000 Indian schoolchildren, in Dubai and other Northern Emirates, most of which are affiliated to CBSE.

Mr.Tibrewala said the sugar industry was the backbone of Mauritius and accounted for 99 per cent of its exports. But the country started diversifying in 1970s by encouraging the establishment of export-oriented companies under the concept of Export Processing Zone (EPZ) Scheme.

Now, Mauritius is a middle-income economy and the island is poised to become the hub of the Indian Ocean and the gateway to Eastern and Southern Africa, he said. The FAPCCI delegation will have meetings with the President and Prime Minister of Mauritius, besides its chambers of commerce and industry. It will also have interaction with the Dubai Chamber of Commerce and Industry, distribute a CD on `Investment opportunities in Andhra Pradesh', and `Tourism in Andhra Pradesh.'

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