SGCCI and KCCI sign MoU to boost trade and investment

SURAT : South Gujarat Chamber of Commerce and Industry (SGCCI) and Kashmir Chamber of Commerce and Industry (KCCI) signed an MoU under Mission 84 to promote investment in Kashmir’s business-friendly environment. The MoU targets additional exports worth Rs 84,000 crore and aims to foster business exchanges and address industry challenges, strengthening trade relations between Surat and Kashmir.

In a significant move to promote trade and investment, the South Gujarat Chamber of Commerce and Industry (SGCCI) and the Kashmir Chamber of Commerce and Industry (KCCI) signed a Memorandum of Understanding (MoU) under Mission 84 on May 2. The primary objective of this MoU is to encourage industrialists and businessmen from Gujarat, including Surat, to invest in various sectors in the favorable business environment of Kashmir.

Key Points of the MoU:

• Target of additional exports worth Rs 84,000 crore from Surat, Gujarat, and India under Mission 84.
• Identification of investment opportunities for industrialists and businessmen in Kashmir.
• Promotion of business exchanges between SGCCI and KCCI.
• SGCCI to assist in solving the problems faced by the Kashmir Chamber of Commerce.

The Importance of the MoU:

This MoU is expected to play a pivotal role in promoting trade and investment in Jammu and Kashmir, fostering economic growth in the region. It will strengthen trade relations between Surat and Kashmir, benefiting both states’ industries and economies.

Future Plans:

• A delegation from the Kashmir Chamber of Commerce will visit Surat for one-to-one business meetings.
• SGCCI will lead a delegation to Kashmir to explore investment opportunities.

This MoU signifies an important step towards enhancing trade and investment between Gujarat and Kashmir, paving the way for greater economic cooperation and growth.