Bangalore to host South Asian business summit

ISLAMABAD, JULY 12. Four prominent industrialists from Karnataka are currently here to enlist participation of captains of industry from Pakistan in the `South Asian Business Leaders Summitt-2000' scheduled in Bangalore from August 18 to 20.

The Indian industrialists representing the Federation of Karnataka Chambers of Commerce and Industry have met representatives of several chambers in Lahore, Islamabad and Rawalpindi in the course of the last five days and have received positive response from their counterparts.

About 120 delegates from the six South Asian countries are expected to participate in the summit. It is the first South Asian summit of its kind and is aimed at providing a forum for business leaders to meet and exchange trade opportunities besides promoting tourism and travel.

Business delegations from Singapore, Malaysia, Thailand and Mauritius have been invited to participate in the summit as `dialogue partners' and each country from the South Asia region will set up a helpline desk at the venue of the meeting to provide information on policies and procedures of the respective countries.

Speaking on the objective behind the summit Mr. D. R. Shrikantaiah, chairman of the summit task force, said ``We have witnessed success of models of regional cooperation like European Union, ASEAN and NAFTA. It is apt and timely that South Asian countries which have deep roots of cooperation must organise themselves to reap the benefit of globalisation''.