<p>Bengaluru: The Bangalore Chamber of Industry and Commerce is expected to sign around 3 memoranda of understanding at the upcoming Global Business Forum of the World Trade Centers Association (WTCA), set to take place in Bengaluru between March 3-6.</p>.<p>“We will sign an MoU with the Netherlands, and another two are in the works but will definitely happen,” BCIC president Dr S Devarajan told members of the media during a select roundtable on Friday. This will include a clause to set up virtual offices in the two geographies to boost business-to-business collaboration.</p>.<p>Overall, around 7-10 MoUs are expected to be signed amongst member countries spanning investments to the tune of nearly $50 million, a spokesperson of the global trade body said.</p>.<p>Over 35 member countries and more than 200 domestic and international businesses are expected to attend the mega event.</p>.<p>Going forward, India is likely to see 10 more World Trade Center licences added to its current tally of 40 in the next 5-7 years, WTCA Chairman John E Drew told DH following the roundtable discussion. Globally, over 300 World Trade Centers exist today, with the number expected to touch the 500 milestone in a decade, he added. </p>
<p>Bengaluru: The Bangalore Chamber of Industry and Commerce is expected to sign around 3 memoranda of understanding at the upcoming Global Business Forum of the World Trade Centers Association (WTCA), set to take place in Bengaluru between March 3-6.</p>.<p>“We will sign an MoU with the Netherlands, and another two are in the works but will definitely happen,” BCIC president Dr S Devarajan told members of the media during a select roundtable on Friday. This will include a clause to set up virtual offices in the two geographies to boost business-to-business collaboration.</p>.<p>Overall, around 7-10 MoUs are expected to be signed amongst member countries spanning investments to the tune of nearly $50 million, a spokesperson of the global trade body said.</p>.<p>Over 35 member countries and more than 200 domestic and international businesses are expected to attend the mega event.</p>.<p>Going forward, India is likely to see 10 more World Trade Center licences added to its current tally of 40 in the next 5-7 years, WTCA Chairman John E Drew told DH following the roundtable discussion. Globally, over 300 World Trade Centers exist today, with the number expected to touch the 500 milestone in a decade, he added. </p>
