Bahrain's EDB forges links with Indian firms

DUBAI: The Bahrain Economic Development Board (EDB) is forging closer ties with the auto components and aluminium business community in India.

As part of a drive, EDB along with the EXIM Bank of India plan to hold seminars in Chennai and Pune, focusing on the business opportunities Bahrain can offer for the aluminium downstream industry, including auto components.

Indian business houses, which mainly export their products to the US market, will listen to EDB's delegates explaining ways of benefiting from the Free Trade Agreement between Bahrain and the US.

The visit is one of the EDB's initiatives towards encouraging aluminum-based industries to utilise Bahrain as a hub, to cut costs and obtain duty free access to the US market, it said yesterday.

The delegation will be led by EDB deputy chief executive Dr Zakaria Hejres. The group will also meet senior industrialists to increase awareness of Bahrain and its position in the region.