Saarc CCI, Saarc DF sign MoU on creating synergies

Our Correspondent

Kathmandu/Nepal—SurajVaidya, President, SAARC CCI signed an MoU with Dr. Sunil Motiwal, CEO, SAARC Development Fund during the SAARC CCI roundtable conference on “Ener-gizing SAARC: Creating Synergies” in collaboration with Fed-eration of Nepalese Chambers of Commerce & Industry, in Soaltee Crown Plaza hotel, Kathmandu, Nepal on Tuesday.
The MoU was signed with an objective to contribute towards social economic development of the SAARC region through project collaboration. Both institutionsagreedto collaborate to leverage synergies in their skills, strengths and competenciesto further strengthen their collaborative links.
Very recently SAARC CCI has brought forward a study wherein more than 120 potential projects are identified for in-vestment in SAARC member states. The study highlights fifteen to twenty projects from each member country of SAARC. SAARC Development Bank, China Council for Promotion of International Trade (CCPIT) and our partners from the devel-opment sector have shown keen interest in partnering for the launch of the study. Furthermore, SAARC CCI and Faisalabad Investment Industrial Estate Development & Management Company have recently signed an MOU for developing first of its kind SAARC Industrial Park in Faisalabad, Pakistan. The In-dustrial Park will attract investments from all 8 member statesto form industrial units, with special incentives, to promote trade and commerce across SAARC.
Both SAARC Development Fund and SAARC CCI agreed to communicate with each other on an ongoing basis for sharing of information, experiences and potential areas of collaboration. Such sharing may include, inter alia, information about relevant international economic and social developments, programs, new initiatives and opportunitiesin the region.
SAARC CCI has a mandate to bridge the gap between Public and the Private Sector and to promote economic cooperation through trade liberation among SAARC member states. SAARC Development Fund, established in April 2010, mandate is to promote the welfare of the people of SAARC region and to ac-celerate economic growth, social progress and poverty allevia-tion in the region, contributing towards regional cooperation and integration through project collaboration.
The event was graced by H. E Former Minister of Power of Bangladesh, Prof. Mohammed Tamim, H. E Former Minister at the President’s Office Maldives and Ambassador-designate of Maldives to Japan, Mohamed HussainShareef, Dr. Salman Ali Shah, Former Finance Minister, Government of Pakistan, Chairman PTC-India, Mr. Deepak Amitabh,. Former Minister of Defense and National Security, Maldives, Mr. Ahmed Mu-juthaba, H.E Secretary General, SAARC, ArjunBahadurThapa, Director General of SAARC Arbitration Council (SARCO), Dr. ThusanthaWijemanna, Mr. Aslam Khan, Energy Expert from Pakistan, Vice President, SAARC CCI (Nepal), Mr. Om Rajbhandari, Vice President, SAARC CCI (Bhutan), Mr. Karma Dorji, and Executive Director SAARC CCI, Ms. HinaSaeed.
The roundtable was attended by representatives from the Dip-lomatic community, Present and former Government officials, think tanks, media and youth.

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