Business Seminar in Tripoli on November 4, 2021
Nov 05, 2021
As part of ongoing activities related to Azadi Ka Amrit Mahotsav (AKAM) and in an effort to enhance exports from India to Lebanon, the Embassy of India organised a Business Seminar in Tripoli, the Economic Capital of Lebanon, on November 04, 2021 in association with CCIAT (Chamber of Commerce, Industry & Agriculture of Tripoli and North Lebanon). Tripoli is the second largest city in Lebanon and is a very important economic hub. In fact, people in Tripoli call Tripoli as the Economic capital of the country. Tripoli port is the second largest port in Lebanon and gained even more importance after damage to Beirut port in last year’s blast. Tripoli also has the largest Trade fair / exhibitions ground in Lebanon, Rashid Karami Fair grounds and almost all the major trade exhibitions take place in Tripoli. Tripoli is also termed as gateway to Syria due to its close proximity to the Syrian border. The CCIAT is supposed to be a prominent chamber and serves a large number of businessmen in North Lebanon that includes good and prominent businessmen from diverse backgrounds that includes Gems and Jewellery, Granites, Engineering and Electrical goods, Pharma, Textiles, Solar Panels and Batteries etc. More than 30 participants attended the Seminar.
The Seminar was co- haired by Chamber President Mr. Toufic Dabbousi and Ambassador Dr Suhel Ajaz Khan. Mr. Dabbousi is a very prominent businessmen and is also Vice-President of Federation of Chambers of Commerce, Industry and Agriculture in Lebanon, and President of “Dabboussi Group Holding”. He provided insights and ideas about Tripoli that is poised to play a major role in the region.
Ambassador Dr. Suhel Ajaz Khan in his presentation, highlighted the incredible growth of India, Indian economy and the measures taken by the Government under the leadership of Hon'ble Prime Minister to make India a favourite destination for investment and conducting business. Ambassador spoke on how India has risen in the ranking for "Doing Business" over the past few years and highlighted India's march towards a US$ 5 trillion economy. He spoke about post-COVID economic recovery in India.
On the bilateral trade potential, Ambassador elaborated upon PM's vision of achieving US$ 400 billion USD of exports in the Financial Year (FY) and talked about increasing the Indian exports to Lebanon across various sectors such as Gems and Jewellery, Pharma, Food and Engineering Goods, Solar Panels, Textiles and Machinery sectors. Ambassador emphasized that increasing imports from India would be beneficial for Lebanon in this hour of crisis as Indian products are more cost-effective and will bring down their overall import bill. Ambassador also briefed them on his recent meetings with the Minister of Health, Economy, Trade and Industry in Lebanon. He encouraged them to participate in the upcoming trade exhibitions in India like Indus Food, Stone Mart etc. Ambassador also informed them that businessmen in India are very keen to expand their business in Lebanon. Ambassador also assured them to provide business visas expeditiously.
Mr. Toufic Dabbousi, reiterated the views of Ambassador about the potential of bilateral trade between Indian and Lebanon and encouraged all businessmen to look at India as a source for their import needs. He told the members of the chamber to visit India and attend the various exhibitions and fairs and many of them evinced interest in the upcoming Indus Food Exhibition in India to be held in February 2022. All participants asked various questions on doing business with India, which were responded to. Ambassador briefed them about opening up of Tourist visas and encouraged all of them to visit India. One businessmen also evinced interest in investing in India in juice making factory ( the Mission will have a separate meeting with him at the earliest). Some businessmen also evinced interest in knowing about India's success story in attracting investments so that they can replicate the same strategies for Lebanon in general and Tripoli in particular. Ambassador responded to it by elaboration on various Govt measures to enhance investments. He also said that the investment authority in Lebanon ( IDAL) could also link up with Invest India and learn from their strategies.
On the whole, the event was very well attended and there was good interaction with the participants. Second Secretary Shri. P. Pattabhi and Commercial Assistant Ms. Rana Zeitouni also attended the Seminar that was followed by a Business Lunch.
Nov 05, 2021
As part of ongoing activities related to Azadi Ka Amrit Mahotsav (AKAM) and in an effort to enhance exports from India to Lebanon, the Embassy of India organised a Business Seminar in Tripoli, the Economic Capital of Lebanon, on November 04, 2021 in association with CCIAT (Chamber of Commerce, Industry & Agriculture of Tripoli and North Lebanon). Tripoli is the second largest city in Lebanon and is a very important economic hub. In fact, people in Tripoli call Tripoli as the Economic capital of the country. Tripoli port is the second largest port in Lebanon and gained even more importance after damage to Beirut port in last year’s blast. Tripoli also has the largest Trade fair / exhibitions ground in Lebanon, Rashid Karami Fair grounds and almost all the major trade exhibitions take place in Tripoli. Tripoli is also termed as gateway to Syria due to its close proximity to the Syrian border. The CCIAT is supposed to be a prominent chamber and serves a large number of businessmen in North Lebanon that includes good and prominent businessmen from diverse backgrounds that includes Gems and Jewellery, Granites, Engineering and Electrical goods, Pharma, Textiles, Solar Panels and Batteries etc. More than 30 participants attended the Seminar.
The Seminar was co- haired by Chamber President Mr. Toufic Dabbousi and Ambassador Dr Suhel Ajaz Khan. Mr. Dabbousi is a very prominent businessmen and is also Vice-President of Federation of Chambers of Commerce, Industry and Agriculture in Lebanon, and President of “Dabboussi Group Holding”. He provided insights and ideas about Tripoli that is poised to play a major role in the region.
Ambassador Dr. Suhel Ajaz Khan in his presentation, highlighted the incredible growth of India, Indian economy and the measures taken by the Government under the leadership of Hon'ble Prime Minister to make India a favourite destination for investment and conducting business. Ambassador spoke on how India has risen in the ranking for "Doing Business" over the past few years and highlighted India's march towards a US$ 5 trillion economy. He spoke about post-COVID economic recovery in India.
On the bilateral trade potential, Ambassador elaborated upon PM's vision of achieving US$ 400 billion USD of exports in the Financial Year (FY) and talked about increasing the Indian exports to Lebanon across various sectors such as Gems and Jewellery, Pharma, Food and Engineering Goods, Solar Panels, Textiles and Machinery sectors. Ambassador emphasized that increasing imports from India would be beneficial for Lebanon in this hour of crisis as Indian products are more cost-effective and will bring down their overall import bill. Ambassador also briefed them on his recent meetings with the Minister of Health, Economy, Trade and Industry in Lebanon. He encouraged them to participate in the upcoming trade exhibitions in India like Indus Food, Stone Mart etc. Ambassador also informed them that businessmen in India are very keen to expand their business in Lebanon. Ambassador also assured them to provide business visas expeditiously.
Mr. Toufic Dabbousi, reiterated the views of Ambassador about the potential of bilateral trade between Indian and Lebanon and encouraged all businessmen to look at India as a source for their import needs. He told the members of the chamber to visit India and attend the various exhibitions and fairs and many of them evinced interest in the upcoming Indus Food Exhibition in India to be held in February 2022. All participants asked various questions on doing business with India, which were responded to. Ambassador briefed them about opening up of Tourist visas and encouraged all of them to visit India. One businessmen also evinced interest in investing in India in juice making factory ( the Mission will have a separate meeting with him at the earliest). Some businessmen also evinced interest in knowing about India's success story in attracting investments so that they can replicate the same strategies for Lebanon in general and Tripoli in particular. Ambassador responded to it by elaboration on various Govt measures to enhance investments. He also said that the investment authority in Lebanon ( IDAL) could also link up with Invest India and learn from their strategies.
On the whole, the event was very well attended and there was good interaction with the participants. Second Secretary Shri. P. Pattabhi and Commercial Assistant Ms. Rana Zeitouni also attended the Seminar that was followed by a Business Lunch.
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