Business delegation of FICO and Iamsmeofindia returned India after visiting South Africa

Ludhiana, January 24, 2015: “This is a life time achievement for us that Government of India initiated for the exposure in South Africa, for joint venture, technical transfers, in bicycle, automobile manufacturing, engineering material handling equipment & IT etc.”, said the Federation of Industrial and Commercial Organisations (FICO) president Gurmeet Singh Kular in a statement today. 

He added, “We are thankful to South African Government and Indian diplomats for finalisation of channel partner for software industry and moreover, ten enquiries for bicycles and bicycle parts, automobile parts and material handling are in process of finalisation. We hope for a business of  500000 US$ approximately in currentfiscal.”

Further, he hoped that for next high power delegation would go to Brazil for promotion of business reference.

During their visit abroad, delegation of Rajive Chawla Chairman Iamsmeofindia and Gurmeet Singh Kular President FICO held meeting with Janine Myburg President Cape Chamber of Commerce & Industry at Chamber's Office at Capetown in South Africa regarding bilateral Trade. Kular invited delegation of Cape Chamber of Commerce & Industry to come India and see opportunities to invest in India. Delegation would come India in June 2015 and interact with FICO-Iamsmeofindia members to explore the business opportunities in India & South Africa.

South Africa is a big & new market for India as there is big scope for high end bicycles, auto mobile and handling equipment industry. There is a very big port in Capetown.  Recently, Tata Installed in a plant in South Africa to cater South Africa and neighbour countries, said Kular. Besides Rajive Chawla and Kular, Manjinder Singh Sachdeva president Brado, Shiv Kumar, Angad Singh Big-Ben, Neeraj Dubey, Kunal Singal and Nitin wadwa were present.

Delegation also met Pule Mokoena Executive Head of Black Business Council at Johannesburg in South Africa and interacted regarding bilateral trade of both the countries. The delegation discussed about increasing trend of bicycles and solar power plants. Ludhiana industrialists shown keen interest in manufacturing faculties for roadster bicycles specially for children.