Hyderabad, 29 Mar: INDIA DJIBOUTI TRADE FORUM (IDTF) was inaugurated in Banjara Hills, Hyderabad for building up business relations between both the countries of India and Djibouti. The event was chaired by Shri. S Krishnakumar Retd IAS and Former Union Minister, Government of India who is also the Chairman of the India Djibouti Trade Forum. The event was inaugurated by
- Shri S Krishna Kumar, Former Union Minister, Government of India & Chairman, IDTF
- Dr. Asif Iqbal, President, India Economic Trade Forum & Vice-Chairman, IDTF
- Mr. Aref Bourhan Abdallah, Djibouti
- Mr. Syed Aasim Fardeen , CEO, SAF Cranes
- Mr. Narendra Bharti, MD Holiday’s Club & President, IDTF
- Mr. Saba Fatima, Director, IETO & VP, IDTF
- Mr. Spoorthy NM, CEO, Artemus Architects
- Mr. Mallikarjun, Technology Consulting Services
- Mr. Shahid Ali M. A. Khan, Landmark Developers
The President Shri Ramnath Kovind visited Djibouti last year and has pledged commitment of support between the two nations for a robust partnership. The bilateral trade between india and djibouti stands at US$ 371 million as on last year and is expected to grow much more this year. This year a largest ever delegation from india to djibouti is being planned from southern india to include businessmen and investors from karnataka, andhra and telangana predominantly.
Aref Bourhan from Djibouti said “Djibouti has also opened a Trade office and established India Djibouti Trade Centre to facilitate Indian Businessmen wanting to do business in Djibouti. The advantage of Djibouti is that it is strategically placed and is considered as the gateway to eastern africa and gives access to 12 landlocked african countries. Djibouti also has fertile soil and good for vegetation”
Relating to opportunities Dr. Asif Iqbal, the President of bangalore based India Economic Trade Organization (IETO) and Vice Chairman of India Djibouti Trade Forum said “There is a meeting that has been organized by the forum between the CEO of GMR Group for building up an airport in Djibouti as there is robust infrastructure needs and China has taken a leap into the infrastructure support. Djibouti also plans to purchase 3000 cars from Tata for plying as taxis”.
“As a President of the organization, my goal is to build bilateral relations reach new heights between India and the Republic of Djibouti” Said Narendra Bharti who is looking to connect the Indian and Djibouti companies for business.
The Vice President of the Organization Saba Fatima said “Djibouti being the only gateway to Africa with three ports has great potential and we would like to divert business interests from the Middle East to Djibouti and want Indians to work between the two countries and we would like to open service centres for various cars.”
A Delegation of 20 members is expected to visit Djibouti in May 2019 this year to explore joint venture collaborations in Agriculture, Defense, Hospitality projects, Education ventures and Sports Development. Djibouti is keen to improve the bilateral relations with India especially in the area of capacity building. MoS for External Affairs Gen V.K. Singh visited Djibouti as a special envoy of PM Narendra Modi to invite the President of the Republic of Djibouti for the IAFS –III Summit held in New Delhi in October 2015. Indian ships make regular calls at the Port of Djibouti on transit and for a joint exercise with US and French navies. Djibouti remains very hospitable to the visits of Indian ships.
Businesses interested in participating in the delegation could contact 7022937357 (Rajeev)