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India Iraq Economic Cooperation Council
About the Council
India Iraq Economic Cooperation Council, which has been established under the patronage of the Embassy of the Republic of Iraq in Delhi, is a non-profit organization in India, with the aim of helping businessmen on both sides to enhance and diversify economic and commercial relations between the two countries.
The MoU for establishing the Council, with a chapter each in Delhi and Baghdad, was signed on 22nd March 2010 during visit of a six member delegation from Iraq to India from 22nd to 24th March. For the purpose of signing the MoU, the Ministry of Trade, Government of Iraq enlisted the association and support of three prominent Iraqi business/economic organizations namely, the Federation of Iraqi chambers of Commerce, the Federation of Iraqi Industries and the Iraqi Businessmen Union.
Why a country specific council for Iraq?
Indian companies were present in Iraq before the war broke out and now in the reconstruction phase, they are required to revive their old contacts.
Security scene in Iraq is getting better day by day and there seems to be more international confidence in the stability of the country.
There will remain continuous flow of revenues in Iraq as the country is sitting on the world’s third largest oil reserves of at least 115 billion barrels. The war ravaged country is trying to boost its revenues amid unstable oil prices by offering more oil and gas fields to international companies for development.
Rebuilding Iraq is focusing on brand new horizon of business prospects that only unexplored market can offer, showcasing full range of infrastructure projects, products and services. Indian business is well placed to take advantage of the opportunities that exist in Iraq today.
With normalcy fast returning, Iraq is keen to focus on rehabilitation of its economy. Interestingly, Iraq has sufficient financial resources to undertake its ambitious development plans. Iraq is expected to accord priority to rehabilitate oil refineries, power plants, telecommunications, hospitals, roads, railways, bridges etc. Besides these projects, Iraq is in need of food, medicine and other items of daily necessity. Indian companies are uniquely placed to participate in the projects/services under the reconstruction phase of Iraq.
Aims & Objectives, Services
Aims & Objectives
To help rebuild Iraq, by promoting economic, commercial, academic, cultural, health and sports activities between the peoples of Iraq and India.
To organize cultural events, exhibitions on economic and cultural interest, (not on commercial basis).
To arrange friendly visits of groups and individuals for the promotion of mutual understanding between the people of the two countries.
To promote and facilitate provision of technical , commercial, financial, industrial and other consultancy and advisory services, including, procurement of licenses, technical know-how, basic engineering and technical and management services between India and Iraq at State/ Region level and between Indian and Iraqi entrepreneurs, businesses and enterprises.
To seek cooperation from Indian businessmen, both through investments and technical cooperation, for revival and rehabilitation of various Iraqi companies in the fields like Oil, Iron & Steel, Cement, Petrochemicals, Pharmaceuticals etc.
To help those Indian businessmen who used to operate in Iraq before the war broke out but had to stop their activities immediately thereafter, to revive and diversify their contacts in Iraq.
To undertake, aid, promote and coordinate project studies, arrange technical collaborations and grant of technical and other intellectual property and trademark licenses and franchises for Indian and Iraqi entrepreneurs, businesses and enterprises.
To establish, compile, print, publish and carry on newspapers, periodicals, gazettes, trade lists, year books, statistics and other publications and literature to keep abreast the members with business trends between India and Iraq.
To assist and advise Indian and Iraqi enterprises and businesses on procuring loans and funds for their ventures and projects.
To identify potential areas of development of business and trade between India and Iraq.
To arrange trade fairs and exchange trade delegations between India and Iraq, and to encourage business houses and enterprises in India and Iraq to participate in such trade fairs and delegations.
To provide financial support, grants and assistance to non-governmental organizations, whose work may help to facilitate the achievement of the objectives of the Council.
To promote cooperation between India and Iraq in the fields of art, culture, humanities, science, technology, education, trade, commerce, industry and such other fields as may be deemed appropriate by the Council, and
To undertake, promote and support such other philanthropic, cultural and other such activities and take such other measures as may be considered necessary or desirable for the fulfillment of the objectives of the Council.
Services
Services to Members of India Iraq Economic Cooperation Council
In-house interaction with Members, Central & Regional governments, international agencies and academia.
Assistance to trade and industry to become more competitive both in Indian and Iraqi markets.
Promotion of India Iraq trade through meetings with visiting Iraqi business delegations; participation in Trade Fairs/Exhibitions and business delegations abroad.
Expert advice on diverse subjects such as industrial growth, monetary and fiscal policy, exchange rate policy, economic planning, taxation and corporate laws.
Regular and timely information on the latest Indian and Iraqi policies and technical developments.
Generating awareness and gathering public support regarding specific aspects of business for economic development on both sides.
Analysis of legislation, helping policy makers, investors in India and Iraq and trade and industry.
Platform to interact and gain professional knowledge through seminars, workshops and round table meets.
To redress general/common problems of Members at Central/Regional level and other institutions both in India and Iraq.
Assist in identifying joint venture partners at various Indian and Iraqi events organized by the Council.
Web Services: information on important events organized by Council and other activities, press releases etc.
Opportunity to gain mileage by becoming a sponsor/co-sponsor of Council events.
Access to Council periodicals/publications.
Overseas Business Contacts,
Access to Newsletter.
Access to use Conference and Meeting Room facilities at concessional rates at the office premises of the Council located in Vasant Vihar, New Delhi.
The Council also has expert committees which regularly attend to issues of interest to the members in various fields.
[You must be registered and logged in to see this link.]
About the Council
India Iraq Economic Cooperation Council, which has been established under the patronage of the Embassy of the Republic of Iraq in Delhi, is a non-profit organization in India, with the aim of helping businessmen on both sides to enhance and diversify economic and commercial relations between the two countries.
The MoU for establishing the Council, with a chapter each in Delhi and Baghdad, was signed on 22nd March 2010 during visit of a six member delegation from Iraq to India from 22nd to 24th March. For the purpose of signing the MoU, the Ministry of Trade, Government of Iraq enlisted the association and support of three prominent Iraqi business/economic organizations namely, the Federation of Iraqi chambers of Commerce, the Federation of Iraqi Industries and the Iraqi Businessmen Union.
Why a country specific council for Iraq?
Indian companies were present in Iraq before the war broke out and now in the reconstruction phase, they are required to revive their old contacts.
Security scene in Iraq is getting better day by day and there seems to be more international confidence in the stability of the country.
There will remain continuous flow of revenues in Iraq as the country is sitting on the world’s third largest oil reserves of at least 115 billion barrels. The war ravaged country is trying to boost its revenues amid unstable oil prices by offering more oil and gas fields to international companies for development.
Rebuilding Iraq is focusing on brand new horizon of business prospects that only unexplored market can offer, showcasing full range of infrastructure projects, products and services. Indian business is well placed to take advantage of the opportunities that exist in Iraq today.
With normalcy fast returning, Iraq is keen to focus on rehabilitation of its economy. Interestingly, Iraq has sufficient financial resources to undertake its ambitious development plans. Iraq is expected to accord priority to rehabilitate oil refineries, power plants, telecommunications, hospitals, roads, railways, bridges etc. Besides these projects, Iraq is in need of food, medicine and other items of daily necessity. Indian companies are uniquely placed to participate in the projects/services under the reconstruction phase of Iraq.
Aims & Objectives, Services
Aims & Objectives
To help rebuild Iraq, by promoting economic, commercial, academic, cultural, health and sports activities between the peoples of Iraq and India.
To organize cultural events, exhibitions on economic and cultural interest, (not on commercial basis).
To arrange friendly visits of groups and individuals for the promotion of mutual understanding between the people of the two countries.
To promote and facilitate provision of technical , commercial, financial, industrial and other consultancy and advisory services, including, procurement of licenses, technical know-how, basic engineering and technical and management services between India and Iraq at State/ Region level and between Indian and Iraqi entrepreneurs, businesses and enterprises.
To seek cooperation from Indian businessmen, both through investments and technical cooperation, for revival and rehabilitation of various Iraqi companies in the fields like Oil, Iron & Steel, Cement, Petrochemicals, Pharmaceuticals etc.
To help those Indian businessmen who used to operate in Iraq before the war broke out but had to stop their activities immediately thereafter, to revive and diversify their contacts in Iraq.
To undertake, aid, promote and coordinate project studies, arrange technical collaborations and grant of technical and other intellectual property and trademark licenses and franchises for Indian and Iraqi entrepreneurs, businesses and enterprises.
To establish, compile, print, publish and carry on newspapers, periodicals, gazettes, trade lists, year books, statistics and other publications and literature to keep abreast the members with business trends between India and Iraq.
To assist and advise Indian and Iraqi enterprises and businesses on procuring loans and funds for their ventures and projects.
To identify potential areas of development of business and trade between India and Iraq.
To arrange trade fairs and exchange trade delegations between India and Iraq, and to encourage business houses and enterprises in India and Iraq to participate in such trade fairs and delegations.
To provide financial support, grants and assistance to non-governmental organizations, whose work may help to facilitate the achievement of the objectives of the Council.
To promote cooperation between India and Iraq in the fields of art, culture, humanities, science, technology, education, trade, commerce, industry and such other fields as may be deemed appropriate by the Council, and
To undertake, promote and support such other philanthropic, cultural and other such activities and take such other measures as may be considered necessary or desirable for the fulfillment of the objectives of the Council.
Services
Services to Members of India Iraq Economic Cooperation Council
In-house interaction with Members, Central & Regional governments, international agencies and academia.
Assistance to trade and industry to become more competitive both in Indian and Iraqi markets.
Promotion of India Iraq trade through meetings with visiting Iraqi business delegations; participation in Trade Fairs/Exhibitions and business delegations abroad.
Expert advice on diverse subjects such as industrial growth, monetary and fiscal policy, exchange rate policy, economic planning, taxation and corporate laws.
Regular and timely information on the latest Indian and Iraqi policies and technical developments.
Generating awareness and gathering public support regarding specific aspects of business for economic development on both sides.
Analysis of legislation, helping policy makers, investors in India and Iraq and trade and industry.
Platform to interact and gain professional knowledge through seminars, workshops and round table meets.
To redress general/common problems of Members at Central/Regional level and other institutions both in India and Iraq.
Assist in identifying joint venture partners at various Indian and Iraqi events organized by the Council.
Web Services: information on important events organized by Council and other activities, press releases etc.
Opportunity to gain mileage by becoming a sponsor/co-sponsor of Council events.
Access to Council periodicals/publications.
Overseas Business Contacts,
Access to Newsletter.
Access to use Conference and Meeting Room facilities at concessional rates at the office premises of the Council located in Vasant Vihar, New Delhi.
The Council also has expert committees which regularly attend to issues of interest to the members in various fields.
[You must be registered and logged in to see this link.]
