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IOR-ARC: Media Team Meets CII Representatives

Date: November 01, 2012
Domain:Economy & Finance; Business & Industry
Persona: Citizen; Government
 

GIS - Nov 01, 2012: Representatives of the Confederation of Indian Industries (CII) met yesterday in Delhi, India, a 32-member media delegation from 19 countries of the Indian Ocean Rim Association for Regional Cooperation (IOR-ARC).  The media delegation is currently in India to cover the forthcoming 12th IOR-ARC Council of Ministers meeting.

Mrs Amita Sarkar, Senior Director, and Mrs Bidisha Ganguly, Economist, both from CII, gave a presentation on the Confederation and elaborated on the Indian economy.  CII is a developmental institution and has as direct members more than 7200 companies, and indirect membership of over 90 000 companies from around 246 national and regional sectoral associations.

The Confederation also has a network of 63 offices in India and seven overseas offices. CII works towards developing a conducive policy environment by representing member’s concerns with the Government and proactively working with governments towards policy formulation, amongst others.

As regards trade between India and IOR countries for 2011-2012, exports from India stood at USD 92.0 billion while total trade for the same period amounted to USD 210.5 billion. 

In a statement after the meeting with the media team, Mr Kaushlendra Sinha, Regional Director – Africa, Gulf and Middle East, said that the CII has close relations with the Mauritius Chamber of Commerce and Industry (MCCI) as well as with the Board of Investment (BOI).

BOI has been participating in various CII activities across the years, while trade figures between India and Mauritius have been constantly going up, he pointed out.  Cooperation ties with the Mauritian Government are also very strong, with close interaction between all parties, he added.

According to him, Mauritius being part of the COMESA makes it actually very attractive for Indian companies to access Africa.  ‘If you look at the COMESA region, Mauritius offers a very stable environment to operate in the region, and for any company looking at operating in Africa, Mauritius remains the centre of reference along with South Africa’, Mr Sinha stressed. 

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