A 13 member CAPEXIL (Chemical and Allied Products exports promotion council) delegation from India comprising of Indian businessmen from Ceramics, granite, printed books, glass beads, rubber convyer belt companies visited Algeria from 27th to 31st August 2016. It participated in a Buyer-Seller Meet on 28 August 2016 in which 30 Algerian companies representing public works, granite, mines products, hydraulics, concrete, cermaics, chemical products, construction material, paper and plastics and other industrial products participated. They had a very fruitful discussions with each other, some of which culminated in orders for the Indian companies.
Shri S. Chatterjee, Second Secretary (Political, Commerce and Information) accompanied by leader of CAPEXIL delegation and four members of the delegation met with with Mr. Rhiad Amour, 1st Vice President of the Algerian Chamber of Commerce and Industry(CACI) and Mr. Bourouis Mohamed Nabil, Head of Multilateral Cooperation in the Department of International Relations on 29 August 2016. The head of CAPEXIL’s delegation gave a brief presentation of the Council, its role and objectives, mainly in Algeria. The 1st Vice President welcomed their initiative and informed that the Chamber of Commerce will give its support for the organization of coming events in Algeria and will also work in close collaboration with the Embassy of India in Algiers, in identifying important Algerian businessman for participation in B2B meetings in India. Mr. Amour explained also to the members of the delegation that Algeria is presently conducting a policy for diversification of its economy and he expressed his strong desire to see Algerian businessmen learn from India’s experience in several industries. In this regard, he encouraged Indian companies in investing in Algeria as it is now an alternative solution for penetrating the Algerian market, as Algeria’s imports are decreasing due to the present financial crisis.
Shri S. Chatterjee, Second Secretary (Political, Commerce and Information) accompanied by Mr. Shyamal Sengupta, Joint Director and leader of CAPEXIL delegation and one member of the delegation met with Mr. Said Djellab, Director General of Exterior Trade and Mr. Enwer Benguernane, Deputy Director, Asian and Latin American Countries in the Ministry of Commerce on 30 August 2016. The main points of discussions were the identification of tools that can help for the reinforcement of trade exchanges between the two countries. The Director General welcomed the good initiative of Indian delegations that come to Algeria to initiate business. He expressed the desire of Algeria to build partnership with India in all sectors that CAPEXIL covers, mainly in ceramics; he also informed that there are good opportunities in the textile and steel industry. He also explained the current economic policy of Algeria that aims at diversifying its economy. Algeria would welcome Indian investors in all sectors for the transfer of know-how, insisting that it represents a win-win situation for both the countries, since Algeria represents a national market of 40 million customers; in addition it is a gateway to markets of European, Arab and African countries.
SS (PCI) briefed DG, M/o Commerce and officials of CACI about various initiatives taken by GOI for promotion of trade between the two countries during the last one and a half years. like signing of minutes of the 9th JCM, held after 11 years, in May 2015 by of both the countries and agreement signed between the Forum of Heads of Enterprises (FCE) and CII of India in October 2016 for exchange of commercial information and cooperation. He also referred to other trade delegations from India which participated in business events in Algeria like Maghreb Pharma Expo, Packaging materials expo and automative spare parts expo. He also mentioned about Seminar orgnised by the Embassy in March this year on “Doing Business with Algeria” and “Make in India” in which more than 40 Algerian companies, senior officals and Indian companies in Algeria participated. He expressed hope that these steps and more participation of Algerian businessmen in trade exhibitions being organised by various agencies in India will greatly help in boosting trade and economic relations.