MVIRDC World Trade Center Mumbai signed nine MoUs with WTCs in Rotterdam, The Hague, Algiers, Warsaw, Cyprus, Trieste, Yerevan, Leeauwarden and Poitiers (France) at the second WTCA European Regional Meeting held at Cyprus.

Capt. Somesh Batra, Vice Chairman, MVIRDC World Trade Center Mumbai represented WTC Mumbai at the three-day European Regional Meeting, which was held at Limassol, the second largest city of Cyprus located on its southern coast. These MoUs envisage collaboration among the signatory WTCs in promoting trade, investment, tourism, technology exchange and other commercial partnerships through trade promotion programmes.

The three-day event, which was attended by more than 30 delegates from Europe and World Trade Centers Association New York, had interactive panel sessions, roundtable meet, awards program, country presentation, update session from WTCA Headquarter, guided walking tour and networking sessions.

Interactive sessions were organised on topics such as green & circular economy, Doing Business in Cyprus, smart cities, trade & supply chain and sustainable development goals.

During the event, speakers from industry and government departments showcased Cyprus as a tech-hub and investment gateway to the European Union and business opportunities in energy, trade, investment and services sectors.

WTC Bengaluru made a live video presentation about the forthcoming WTC Global Business Forum, which is scheduled in March 2024 at Bengaluru. The presentation outlined the prominence of various sectors such as information technology, aeronautical, agriculture, chemicals and pharmaceuticals in Bengaluru and neighbouring towns. The organisers have also planned post-event outdoor visit and sightseeing in and around Bengaluru to explore the tourism potential in the region.

During the session, Capt. Somesh Batra pointed out that India is a great destination to invest in the future. Therefore, Capt. Batra suggested the delegates to include trip to Mumbai, Jaipur, Goa and Bhubaneswar in their itinerary when they visit India for the Global Business Forum. Capt. Batra extended all possible support from WTC Mumbai in making their visit successful. The delegates appreciated the support extended by WTC Mumbai in making their India visit successful.

Capt. Batra informed the top management of WTC Cyprus that WTC Mumbai is fully prepared and willing to host or provide necessary support and assistance for their future visit to Mumbai and New Delhi.

During the Regional Meeting, WTC Goa, Jaipur and Bhubaneswar also signed nine MoUs each with the WTCs in Europe and the Mediterranean for collaboration in promoting trade, investment, tourism and technology exchange. Thus, the four WTCs (WTC Goa, Jaipur, Bhubaneswar and Mumbai) signed 36 MoUs for mutual collaboration. During the meeting, delegates from WTC Paris and WTC Oslo agreed to sign MoUs with WTC Mumbai, Goa, Jaipur and Bhubaneswar after seeking necessary approval from their respective Boards.

The three-day event ended with an enchanting dance performance and jugglery show over the farewell dinner on the final evening.

The next European Meeting will be held at Dresden, Germany from June 10-12, 2024, which may be attended by WTC Mumbai to expand its footprint in Europe.

Dr. Vijay Kalantri, Chairman, MVIRDC WTC Mumbai & Pesident – All India Association of Industries (Left) addressing the roundtable meeting on Financing
Long Term Low Carbon Development Strategies. Also seen in the photograph is Mr Arupendra Nath Mullick, Vice President, TERI Council for Business