Saudi-Indian cooperation on agriculture boosted

Thursday, 19 September 2013

Saudi-Indian cooperation on agriculture boosted
Saudi-Indian cooperation on agriculture boosted

The Saudi-India Business Network (SIBN) held an interactive session on agriculture and the food processing industry at the Indian Embassy on Wednesday.

Businessmen from the two countries put forth their input to further deepen cooperation in this field.

Representatives from 42 Indian processed food and agro industries also spoke with Saudi businessmen and importers about opportunities for the expansion of trade and investment in their field.

Saudi businessmen dealing with the import of rice, frozen meat, frozen fruit and vegetables participated in the interactive session.

Sibi George, deputy chief of mission at the Indian Embassy, said the embassy would facilitate more sessions aimed at promoting bilateral trade.

Visiting representatives from the Indian Ministries of Commerce and Industry and Food Processing Industries, in addition to representatives of Agricultural and Processed Food Products Export Development Authority (APEDA) and India Trade Promotion Organization (ITPO), also attended the meeting.

Shamsher Singh Nayyar, general manager of APEDA, said the session was very productive and was confident that it would pave the way for Saudi investment in the Indian food processing industry.

He added that the Indian government’s liberalization of its limitation on foreign direct investment would encourage investors.

Representatives and members of the official delegation in the Indian agro and processed food industries’ visited the Riyadh Chamber of Commerce and Industries and met with Mohammad Al-Kathiri, secretary general of RCCI.

They also held a meeting at the Riyadh Lulu Hypermarket, he said.

This interactive session was the first in a series of sector-specific activities being organized under the patronage of SIBN, which was launched on Sept. 2 to promote trade and investment between India and Saudi Arabia. Courtesy Arab News

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