The Federation of Andhra Pradesh Chambers of Commerce and Industry (FAPCCI) in association with Trade Commission, Belgium organized Interactive Meeting on “Business Opportunities’ in Flanders, Belgium” on 13th March 2013 at Federation House, Red Hills, Hyderabad. Ms. Jayant Nadigar, Trade Commissioner of Flanders, Wallonia and Brussels Region of Belgium was the chief guest for this occasion.
Mr. V.S. Raju, President, FAPCCI, Mr. Hari Haran, Co Chairman, International Trade Committee and Mr. M.V. Rajeshwara Rao, Secretary General are the other speakers at the occasion.
Ms. Jayant Nadigar said in his key note address is that the according to a recent report by UNCTAD (United Nations Conference on Trade and Development), foreign direct investment in Belgium rose by more than 50% from 2009 to almost $62 billion in 2010. Foreign direct investment worldwide increased by 5%, so Belgium definitely outpaced the global trend. Belgium is ranked as the fourth most attractive country for foreign direct investment, after the United States ($228 billion), China ($106 billion) and Hong Kong ($69 billion). Belgium was also 10th in the world ranking for outgoing direct investment ($38 billion).
He also said that the Belgium is the second largest trading partner of India in the European Union with annual bilateral trade turnover amounting to 10.4 billion Euro in 2010. India is the 5th largest exporter to Belgium (after USA, China, Japan and Russia) and 2nd largest importer of Belgian products in 2010 (after USA). Belgium has emerged as the 23rd largest investor in India worldwide and the 9th largest within the EU. The major items of Indian exports to Belgium are - Precious stones; Textiles and garments; Iron and steel; Chemical products; Mineral products; Organic chemicals; Machinery and Electrical Equipments etc. The major items of Indian imports from Belgium are- Precious stones; Iron and steel; Machinery and mechanical appliances; Chemical products; boilers, machinery and mechanical appliances & parts thereof: Organic chemicals; Plastic and rubber; Plastics and articles thereof; Pharmaceutical products etc.
The Flanders Investment & Trade agency is the government agency promoting sustainable international entrepreneurship, involving outward trade as well as inward investments, requires not only a thorough knowledge of the Flemish economic tissue, but also an extensive network outside of Flanders. Flanders Investment & Trade has a worldwide network of economic and trade representatives to help you source the quality products and services you require. Our experienced representatives provide personalized advice and answer your questions about Flemish goods and services. Travelling throughout their base countries, they pro-actively seek out business opportunities and strategic export partners Mr Jayant said.
Mr. V.S. Raju said that the Trade Commissioner of Flanders, Wallonia and Brussels Region of Belgium and is responsible for South India, for promoting exports, technology, products and services. The Trade Commissioner Office helps to connect with the Belgium companies, sourcing products or services from Belgium or seeking new business partnerships ranging from joint ventures to technology transfers. The Office also assists foreign businesses seeking to set up or expand in Flanders, viz. production or R&D facilities, contact centers, headquarters or logistics operations - or a combination of any of these - it provides the right kind of advice and guidance free of charge.