By IANS,
New Delhi : Indian and Yemeni businesses will discuss potential partnerships in energy, infrastructure and information technology sectors at the Yemeni capital Sana’a this weekend.
A first-ever business delegation from India will visit the Gulf country May 28-30.
The visit organised by the Confederation of Indian Industry (CII) will have senior executives from Larsen and Turbo Ltd, Escorts Ltd, Psychotropics India Ltd, Nadeem Leatherware Exports, and Wapcos Ltd.
“There is enormous potential for cooperation in areas of refining, power plants, oil and gas exploration, infrastructure, information technology, food processing, organic chemicals, agricultural products, meat, poultry and dairy” said an CII statement.
During the visit CII will be signing an memorandum of understanding with the Federation of Yemen Chamber of Commerce and Industries (FYCCI), the leading industry association in Yemen.
India’s total trade with Yemen has crossed $1.5 billion in 2008-09 from $ 277.23 million in 2004-05.