Multi-service delegation to
Egypt and Turkey
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Mr. Hisham Zaazou, Assistant Minister of Tourism, Egypt (3rd from right) in an interaction with Indian delegates. |
FIEO led a multi-service delegation to Egypt and Turkey from 9th to 14th September. The delegates represented sectors like tour & travel, hospitality, medical tourism, education and infrastructure.
A Buyer Seller Meet was organized between the visiting delegates and Egyptian businessmen on 11th at Cairo. The Vice-Chairman of Egyptian Tourism Development Authority, Dr. Nader El Bidlawi, while inaugurating the Meet, identified the services sectors having potential for bilateral cooperation. He laid special focus on tourism sector saying it has immense potential for bilateral cooperation as the two countries have witnessed significant increase in terms of arrival of tourists from each other in the last few years.
As part of the schedule, the delegates called on Egypt’s Assistant Minister of Tourism Mr. Hisham Zazou who observed that his government was opening more skies for air traffic and hoped that soon there would be more flights between the two countries. FIEO Director Mr. Sandeep Gupta alongwith other delegates then held separate meetings with Mr. AMr. el-Ezabi, Chairman of Tourism Development Authority, Mr. Ahmed el-Nahas, Chairman of the Egyptian Federation Travel Chambers and Mr. Fathi Nour, Chairman of Hotel Chamber and apprised them of India’s capabilities in the fields of tourism, especially medical tourism.
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| Indian delegates during a meeting with Mr. Rahul Kulshreshth, Deputy Chief of Mission (8th from right) & Mr. Jaideep Mazumdar, Counsellor (6th from right), Embassy of India, Cairo. |
The delegates also had a meeting with GAFI (General Authority for Investment and Free Zones in Egypt) officials and explored bilateral investment opportunities. Ms. Eman Gamal, GAFI’s Under Secretary for Promotion, identified infrastructure and hospitality as two important sectors for bilateral cooperation between. During the meeting, Mr. Hassan Fahmy Mohamed, Head of Investment, GAFI explained Cairo’s polices for inbound and outbound investment in service sector.
Considering the fast emerging investment opportunities in tourism and hospitality industries in Turkey that saw an inflow of 20 million tourists in 2006, the delegates visited Istanbul. There, the delegates had separate meetings with Foreign Economic Relations Board (DEiK), Association of Turkish Travel Agencies (TURSAB) and Istanbul Chamber of Commerce. FIEO representatives signed an MoU with DEiK for regular exchange of business information towards enhancing bilateral engagements in services sector. Istanbul Chamber of Commerce agreed to send regular business delegations to India for reverse buyer seller meets.
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| Delegates exploring business opportunities with Mr. Fathi Nour, Chairman, Egyptian Hotel Association (5th from right). | Mr. Sandeep Gupta, Director (Services), FIEO addressing gathering in Buyer Seller Meet in Cairo. |
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Delegates having interactions with Egyptians counterparts in Buyer Seller Meet in Cairo |
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| Meeting with Mr. Cefi J Kamhi, Chairman, DEIK- Foreign Economic Relations Board (4th from right) with Indian delegates in Istanbul, Turkey. | Mr. Basaran Ulusoy, President, TURSAB (3rd from right) discussing business opportunities with Indian counterparts |
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Condition for fulfillment of Export Obligation simplified Introduction of Para 5.7.8 and Para 5.8.6 in Hand Book of Procedures Vol. I effective from 1.4.2007, related to "condition for fulfillment of Export Obligation" under EPCG Scheme had caused hardship to the exporters. FIEO took up the issue with the Commerce Secretary/DGFT to provide relief to the exporters, DGFT has now issued Public Notice No.53(RE-2007) 2004-09 dated 27th September, 2007 by which Para 5.7.8 and 5.8.6 have been deleted |
