All-India Association of Industries (AIAI) on 8 October 2013 announced that it entered into an agreement with the Federation of Pakistan Chamber of Commerce and Industry (FPCCI) in order to promote the trade between India and Pakistan. For this purpose, a memorandum of understanding was signed with a purpose of enhancing the trade and investments between the two nations.
The MoU also seeks to enhance the collaborations, joint ventures as well as technology transfers via an exchange of the business proposals. Apart from this, the MoU also aims to offer the mutual help in organisation of and participation in trade fairs and exhibitions.
The MoU was signed between President of FCPPI Zubair Ahmed Malik and with senior AIAI officials. With this, the AIAI’s list of the agreements like this with the fellow lobbies increased to 205.