On 13 December 2012. The agreement between the Indian Baltic Chamber of Commerce (IBCC) and the company "India Buying Consultants” was signed in the Embassy of the Republic of Lithuanian to the Republic of India. The agreement was signed to found the IBCC Mission in India.Under the agreement, India Buying Consultants is an authorized representative of the IBCC and will take care of searching for new IBCC clients. The "India Buying Consultants company work with major importers in India, so far mainly affected by imports from the U.S., but became interested in Lithuanian products, the potential demand in the Indian market with imports.
Lithuanian business delegation on a visit to New Delhi on 25-29th November, 2012 was headed by the Director of Indian – Baltic Chamber of Commerce Mr. Gediminas Citukas, with participation of members of Šiauliai City Municipality and Administration. The aim of the delegation was to invite Indian entrepreneurs and investors to Šiauliai.
To the Indian businessmen gathered in FICCI, CII and Lithuanian Embassy the Vice Mayor of city Šiauliai Mrs. Daiva Matonienė presented the Šiauliai Industrial and Business Zone, Regional Logistics Centre. She invited Indian businessmen to invest in Šiauliai and to explore the possibilities offered by Šiauliai airport to deliver the goods to Europe in a cheaper and more effective way.
The Charge d‘Affaires of the Lithuanian Embassy in India Mrs. Diana Mickevičienė presented the advantages of the investment in Lithuania, invited the Indian businessmen to establish logistics centres for Indian goods in Lithuania and to consider possibilities of transferring part of production to Šiauliai or other Free Economic Zones in Lithuania, therefore ensuring their smooth entry to the European Union market.
Among the Indian companies active in infrastructure were the representatives of GMR, HCC Group, SMS“ and others.
This is the 4th business mission to India organized by the Indian – Baltic Chamber of Commerce, established in 2009.