BUCE and the Inventivepreneur Chamber of Commerce and Industries (ICCI) headquartered in New Delhi plan to join forces to bring Indian companies to BUCE’s electronic trading platform. This matter was discussed during the visit of the ICCI delegation led by ICCI Chairperson Dr. Ritika Yadav to BUCE head office.

The Indian side believes that the use of the commodity exchange will not only help boost Belarus-India trade but also facilitate closer cooperation in other areas.

ICCI has over 10 000 active members across India. These are mainly small and medium-sized businesses operating in the manufacturing and agricultural sectors. ICCI provides them marketing data, assists in attracting investments, arranges professional development courses, and helps search for business partners in India and abroad.

“However, our main task is to help businesses scale up their operations, which usually involves entering the markets of other countries, including Belarus. Taking into account low risks, a wide product range and direct access to leading Belarusian enterprises, I believe that the exchange serves as an excellent springboard to start doing business in your country. For our part, we will try to bring companies from India and possibly from neighboring countries to your trading platform,” Dr. Ritika Yadav noted.

In his turn, Eduard Belsky, BUCE Senior Vice Chairman, expressed willingness to collaborate with ICCI in any area of mutual interest, provided that it would help bolster exchange trade between Belarus and India.

“I would like our cooperation to be practical and pragmatic, which I think is in your best interests as well. Therefore, I suggest focusing on specific commodity items that are in demand in Belarus and India and jointly bring sellers and buyers from the two countries to the exchange platform. For instance, we known that Belarusian acrylic fiber and other petrochemicals are in high demand in India, as these commodities are regularly traded through our platform. Sawn timber, dairy products, light industry products hold a lot of promise, too. Our main task is to convey this information to as many Indian businesses as possible, and in this we count on your support,” Eduard Belsky emphasized.