India Pakistan Chamber of Commerce and Industry

This site provides detailed information on India Pakistan Chamber of Commerce and Industry. The site also focuses on the current development of trade relations between India and Pakistan.

The India Pakistan Chamber of Commerce and Industry or IPCCI is a common forum of India and Pakistan chamber of commerce and industry. The Federation of Indian Chambers and Commerce (FICCI) and The Federation of Pakistan Chambers of Commerce and Industry (FPCCI) are represent the trade and business community of their respective countries. Further, their common goal is to increase ethical business activities amongst each other and within all SAARC members. India Pakistan Chamber of Commerce and Industry focuses on the improvement of trade and business relations along the following lines:

• India and Pakistan Trading Policies
• India and Pakistan Trading Procedures
• India and Pakistan Trade Contracts
• India and Pakistan Trade Administrative and Regulatory procedures
• India and Pakistan Trade and Investment opportunities
• India and Pakistan Business networking

India Pakistan Chamber of Commerce and Industry – policy adopted by India.

• Removing government controls and creating an atmosphere of trust and transparency to promote industrialization and trades.
  
  
• Simplification of commercial and legal procedures and bringing down transaction costs.
  
  
• Simplification of levies and duties on inputs used in export products.
  
  
• Facilitating technological and infrastructural upgradation of all the sectors of the Indian economy, especially through imports and thereby increasing value addition and productivity, while attaining global standards of quality.
  
  
• Neutralizing inverted duty structures and ensuring that India's domestic sectors are not disadvantaged in the Free Trade Agreements / Regional Trade Agreements / Preferential Trade Agreements that India enters into in order to enhance exports.
  
  
• Modernization of infrastructural network, both physical and virtual, related to the entire Foreign Trade chain, to global standards.
  
  
• Revitalizing the Board of Trade by redefining its role.
  
  
• Involving Indian embassies as an important member of export strategy and linking all commercial houses at international locations through an electronic platform for real time trade intelligence, inquiry and information dissemination.
  

India Pakistan Chamber of Commerce and Industry – policy adopted by Pakistan.

Unlike the previous reservation of foreign investment in manufacturing sectors only, the new liberal investment policy allows investments in almost all sectors. Foreign investment in Pakistani market are now allowed in sectors like -

• Service
• Infrastructure
• Social and Agriculture

Manufacturing sector -

• 100% equity holding is allowed to the foreign investors on industrial projects, which do not require any formal permission from the Government of Pakistan.
  
  
• No Objection Certificates (NOC) is not required for setting-up a business unit in Pakistan except for areas that are marked as negative for business development.
  

Government permission / sanction is not required for setting up industry, along lines like:

• Term of business,
• Field of activity,
• Location of business activity,
• Size of business.

Non-manufacturing sector:

Registration of the companies with Security Exchange Commission of Pakistan under the Companies Ordinance, 1984 is a must. Further, the State Bank of Pakistan's relevant provisions are to be met accordingly for making investment in Pakistan or setting up a business in Pakistan. The government of Pakistan has further eased the investment norms for Pakistani repatriates to facilitate investment in Pakistan's domestic market.

Mr. Azher Saeed Butt, co-president, India Pakistan Chamber of Commerce and Industry announced:

• Investment guarantees to promote joint ventures
• Relaxation visa restrictions for businessmen and visitors on either side of the borders
• Identification of items of trade and investment
• Boosting bilateral trade
• Setting up web portal for executing online business dealings
• Arresting illegal trade between the two countries
• Revising shipping agreement
• Emphasizing the role of media in changing the mindset of both the countries