LAHORE - Indian market is highly receptive to Pakistani textile merchandise, Gems and Jewelry, furniture, agro-based products and sugar industry byproducts therefore Pakistani businessmen should focus on these areas to enhance two-way trade between Pakistan and India.

This was stated by Economic and Trade Minister of Pakistan High Commission in India Naeem Anwar while talking to LCCI Acting President Mian Tariq Misbah here on Wednesday.

Naeem Anwar said that Pakistani businessmen need to chalk-out a well tailored plan to penetrate Indian market to avail the available business opportunities. He said the India imported furniture, gems and Jewelry worth billions of dollars only last year. Their furniture import was more than $10 billion in 2012-13.  The diplomat said urged Pakistani businessmen to visit Indian markets and interact with Indian counterparts for having first-hand knowledge about the opportunities as misperceptions are hitting hard the two way business.

“Since the Indians are now spending more energies on research so they are better equipped to deal with their global partners and Pakistan would also have to focus on research to achieve the desired results on the economic front.” He also stressed the need for Human Resource development which is an important component of the economy in present day globalised world.

Speaking on the occasion, the LCCI Acting President Mian Tariq Misbah apprised the visiting diplomat that the senior leadership of Indian chambers of commerce including Confederation of Indian Industry and some sector specific organizations were taking great interest to study the dynamics of Pakistan market.

He said that this clearly shows that Indian businessmen are doing their homework to assess the needs and requirements of various sectors especially in the context of some competitive advantages and disadvantages available to both the business communities.