Ludhiana, February 13, 2013: Now the trade and business community engaged in Export and Import from Punjab will benefit from the Currency Advisory offered by Alpari India.
IPEX 2013 that is scheduled to be held from February 15-18 at Hotel Gulmor, Ferozepur Road, Ludhiana will see the participation of Alpari India, which is a part of the global Alpari Group, an expert in currency related offerings.
The participant companies at IPEX 2013 and the visitors from across the state of Punjab can benefit from Alpari's expertise and understanding in Exchange Rate movements, Forex Risk management, Currency Strategies for Importers and Exporters and Advise regarding Hedging the Currency risks.
Pramit Brahmbhatt, CEO, Alpari Financial Services (India) said, “It is interesting that both India and Pakistan have huge international trade that depends heavily upon transactions in US Dollar. We have seen tremendous volatility in USD v/s other currencies in the last one year's time. A constantly fluctuating macro-economic situation further brings in volatility in the currency market and that leads to discomfort as far as trade and business commitments are concerned that are meant to be executed in the future. We at Alpari are happy to offer advisory solutions to the business and trade community in order to mitigate their concerns regarding Currency sector.”
Ludhiana is well known for its integrated knitwear factories, hosiery yarn mills and woollen yarns. Besides there are also firms manufacturing bicycles, motorcycle parts, machine tools, sewing machines, generators, diesel engines, tires & tubes, and other consumer goods. Most of these companies have a huge export portfolio, exposing them to financial risks due to currency movements.
Alpari India's SME/Corporate Advisory Desk will assist the visiting Clients at IPEX 2013 in enhancing their knowledge and understanding about impact of currency fluctuation and discuss their hedging strategies.
It may be mentioned here that Indo Pak International Expo (IPEX 2013) is an important trade fair of the leading industrialists from both India and Pakistan. This event has been organized to promote trade and commerce between both these countries. For the business person this event provides a great opportunity to showcase their products in front of the attendees of both countries. Indo Pak International Expo is considered to be a valuable event for the people of both India and Pakistan. This event focuses on creating a business relationship between these two countries. Different areas of industrial sectors will be highlighted in this show. Possibilities of building business relationship in the areas like energy, specifically hydroelectric energy, healthcare, infrastructure, tourism, university education and entertainment will be there as well. Over 50 companies and 175 traders will be present in this trade-show to exhibit their products.
About Alpari Financial Services (India) Pvt. Ltd., it is mentioned here that it is a company of the Alpari Group. The group of Alpari companies has offices in over 20 countries. Locations include London, New York, Tokyo, Shanghai, Dubai, Moscow, Mumbai and Frankfurt. Combined, the companies look after over 170,000 active trading accounts, generating monthly trading volumes in excess of $210 billion and employ over 630 people worldwide.
Alpari Financial Services (India) Pvt. Ltd. is a member of the NSE (National Stock Exchange of India), MCX-SX (MCX Stock Exchange) and USE (United Stock Exchange).