The Indo-Arab Chamber of Commerce & Industries has set up its south India chapter here to accelerate trade, investments and joint ventures between industries located in the four southern states and 18 countries in the Arab world.
"The chapter will strive to identify new areas of cooperation for promoting trade, investments and joint ventures between Indian industries and their counterparts in the Arab countries," the chapter's executive director Asif Iqbal said in a statement here Saturday.
Besides the four southern states of Andhra Pradesh, Karnataka, Kerala and Tamil Nadu, the chapter will cater to the chamber's members in Goa.
The Indo-Arab Chamber of Commerce & Industries was set up in 1980 to promote trade and economic ties between India and the Arab world.
As an active forum, the chamber has participated in the economic development of the Arab world by exporting manpower and taking up various infrastructure projects in the Gulf region.
The Gulf chapter of the chamber is located at Muscat in Oman.