ANI
30 Sep 2020, 17:48 GMT+10
Hyderabad (Telangana) [India], September 30 (ANI/NewsVoir): The INDSOM Chamber of Commerce is non-government, not-for-profit organisation, it has been set up by pioneering businessmen from India and Somalia who saw the need to provide a dynamic institutional link for the promotion of commercial goodwill, and economic relation between IndiaSomalia, and further acts as a catalyst for export import activities (close to Billion USD), technology transfers and joint ventures.
Trade between India and the Horn of Africa dates back to the Ancient times, bilateral trade between SomaliaIndia totalled USD 600 Million per year in recent years, India has emerged as the fastest growing major economy in the world and is expected to be one of the top three economic powers over the next 10-15 years.
Somalia is on its way to economic recovery and is a huge potential market for most modern services. The country aims to exploit the natural resources of petroleum and fisheries while the agriculture, livestock and manufacturing require very sophisticated production activities and huge investment in both domestic and international levels. Based on this aspect, recent business related legal reforms and establishing an attractive environment created a good opportunity for investors and the business sector.
"The Momentum is already built into growth trajectory and the underlying potentials between Our two economies makes INDSOM Chamber of Commerce the perfect platform that offers informal and institutional investors investable businesses by sourcing, selecting and preparing SME's for an investment and will encourage young enthusiastic entrepreneurs to do business in both countries," says Dr Lion Y. Kiron, Founder of INDSOM Chamber of Commerce.
Chief Guest of the event Jayesh Ranjan IAS Principal Secretary of the IndustriesCommerce (IC) and (IT) Departments of the Telangana Government Told that the Government of Telangana will support the INDSOM Chamber of commerce in promoting Trade and commerce.
INDSOM Chamber of Commerce "inaugural" event held on 30/09/2020 at Park Hyatt Hyderabad, India.
This story is provided by NewsVoir. ANI will not be responsible in any way for the content of this article. (ANI/NewsVoir)Get a daily dose of Johannesburg Life news through our daily email, its complimentary and keeps you fully up to date with world and business news as well.
Publish news of your business, community or sports group, personnel appointments, major event and more by submitting a news release to Johannesburg Life.
More InformationPresident Donald Trump's plans to build a space-based Golden Dome missile defense shield have drawn immediate criticism from China,...
NEW YORK CITY, New York: Paramount has agreed to pay US$16 million to settle a lawsuit brought by U.S. President Donald Trump over...
LONDON, U.K.: British Prime Minister Keir Starmer won a vote in Parliament this week to move ahead with changes to the country's welfare...
WASHINGTON, D.C.: President Donald Trump will meet Israeli Prime Minister Benjamin Netanyahu at the White House on Monday. President...
GENEVA, Switzerland: A new United Nations report alleges that dozens of global corporations are profiting from and helping sustain...
LONDON, UK - Lawmakers in the United Kingdom have voted overwhelmingly to proscribe the direct-action group Palestine Action as a terrorist...
China is becoming cooler because of decades of consistent, people-centered development. The United States is losing its appeal due...
(Photo credit: Nick Turchiaro-Imagn Images) A throwing error on Ernie Clement's 10th-inning bunt allowed the winning run to score...
(Photo credit: John E. Sokolowski-Imagn Images) George Springer hit two homers and drove in four runs as the Toronto Blue Jays defeated...
(Photo credit: John E. Sokolowski-Imagn Images) George Springer hit two homers and four RBIs and the Toronto Blue Jays defeated the...
(Photo credit: John E. Sokolowski-Imagn Images) George Springer had two homers and four RBIs and the Toronto Blue Jays defeated the...
(Photo credit: Dale Zanine-Imagn Images) The Los Angeles Angels placed rookie second baseman Christian Moore on the 10-day injured...