India, Pak industry leaders agree to share research for mutual benefit

Islamabad, May 9 (ANI): The Confederation of Indian Industry (CII) and the Lahore Chamber of Commerce and Industry (LCCI) have agreed to share research data for mutual benefit and to promote regional potential.

The agreement was reached at a meeting between LCCI and CII office-bearers at the two-day Pak-India Economic Summit.

According to The Nation, the two sides also agreed to reactivate the Memorandum of Understanding (MoU) signed between the LCCI and the CII a few years back.

LCCI President Irfan Qaiser Sheikh said the agreement would bring the two countries further closer besides giving considerable boost to two-way trade.

"It is a great opportunity that would help expand businesses and bilateral trade," Sheikh added.

He also said that India and Pakistan should target 12 billion dollar trade within next five years, and added Islamabad wanted to build a relationship of friendship and mutually beneficial cooperation with New Delhi.

According to the paper CII President Adi Godrej said his firm was also focusing on bilateral trade relations, deepening and strengthening people-to-people contact and sharing heritage. (ANI)