EPCH : SERIOUS BUSINESS WORTH RS 10 CRORE EXPECTED TO BE GENERATED AT TWO-DAY BUYER-SELLER-MEET HELD AT CHILE
EPCH : SERIOUS BUSINESS WORTH RS 10 CRORE EXPECTED TO BE GENERATED AT TWO-DAY BUYER-SELLER-MEET HELD AT CHILE
New Delhi – November 19, 2013 — Keeping in view the potential for expansion of trade in Latin American Countries (LAC) particularly with Chile and the need to increase the interaction between the business entities, the Export Promotion Council for Handicrafts (EPCH) has been organizing Buyer-Seller-Meet (BSM) annually at Santiago, Chile for development and promotion of various items falling under the Handicrafts category.
The 4th edition in the BSM series in Chile was held on November 12 and 13, 2013 in which serious business worth Rs 10 crore is expected to be generated.
The BSM had display by 28 Indian companies and the range of products on display included home furnishing & floorings, jewellery, accessories and bags, stoles, scarves and shawls, incense sticks, candles, Christmas decoration, handicrafts and gifts etc.
Secretary (Textiles) Ms. Zohra Chatterji inaugurated the Buyer-Seller Meet in the presence of Mr. S.S. Gupta, Development Commissioner (Handicrafts), Mr. Lekhraj Maheshwari, Chairman-EPCH, Mr. Jorge Guerrero, Chairman Indo –Chilean Chamber of Commerce and Mr. S. Raghavan Charge d’ Affairs, Embassy of India, Chile beside members of the trade and industry
An important aspect of the BSM was organisation of a seminar on “India- A Preferred Sourcing Destination for Handicrafts and Gifts”. Mr. R.K. Srivastava, Executive Director- National Centre for Design and Product Development (NCDPD) made a presentation on the importance of sourcing from India for increasing profitability by the importers in Chile and Development Commissioner (Handicrafts) on “Handicrafts Sector in India”.
Textiles Secretary, Ministry of Textiles also addressed the seminar beside the Chairman of Indo-Chilean Chamber of Commerce.
Chile is a market-oriented economy. It is one of the South America’s most stable and prosperous countries. Chile leads all the South American countries in the area of competitiveness, globalization, economic freedom and low perception of corruption.
Exports account for more than one forth of GDP, with commodities making up some three quarters of total exports. Chile claims to have more bilateral or regional trade agreements than any other country. It has 57 such agreements including a PTA with India. India–Chile bilateral trade is about US$ 1.8 billion currently, with exports from Chile being about US$ 1.5 billion and imports about US$ 300 million. Since the economy of Chile is stable, wages have risen, life styles of the people are changing and there is a demand for gift and decorative items.
The 4th edition of Buyer-Seller-Meet was successful in the continuous efforts of EPCH for sustaining Chilean markets and increasing handicrafts exports to the region. The two days BSM expected to generate serious business of Rs. 10 crores.
