Visit of delegation from Progress Harmony & Development (PHD) Chamber of Commerce and Industry
A business delegation from PHD Chamber of Commerce and Industry (PHDCCI) visited Russia from 16-20th April, 2015. The initials 'PHD' signify Progress, Harmony and Development. The Chamber services the States of Punjab, Haryana, Delhi, Uttar Pradesh, Himachal Pradesh, Rajasthan, Jammu & Kashmir, Madhya Pradesh and the Union Territory of Chandigarh.
2. After participating in the 7th Spring Summer Fair held at Saint Petersburg Sport and Concert Complex, St. Petersburg, the delegation arrived in Moscow on 19th April, 2015. The delegates included diversified sectors mainly including Water purification, Textiles, Yarns, Solar & Hydro Power, Cables, Wires, Power Transmission, Project Management, Financial and Capital Markets, Media, Electronics & Engineering.
3. On 20 April, 2015 the delegation had a meeting with Representatives of Moscow Chamber of Commerce and Industry, wherein it was agreed to renew the Memorandum of Understanding between two chambers, signed in 1993. Both sides underlined the immense potential for trade and economic cooperation between the two countries and the need to work together in a focused manner.
4. An interaction with members of the Indian and Russian business community was organized in the Indian Embassy on 20 April 2015. During the event, the delegates interacted with Ambassador and the Deputy Chief of Mission as well as members of local Business Community. Addressing the delegates, Ambassador highlighted the huge potential for bilateral cooperation in economic field and emphasized the need for information sharing through participation in trade fairs and business events, which will help in overcoming the lack of awareness of opportunities and apprehensions about each other and help in conducive conditions, for realization of mutually beneficial trade, investment and economic cooperation.
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