H.E. Mr. Sabat Subasic, has called on Mr. Rafeeque Ahmed, President, SICCI at 11.30 a.m. on 27th April, 2017 at Hotel Taj Coromandel, Chennai. Ambassador in his brief remarks said that Bosnia is one of the developing region and it is strategic location to European Middle East and Asian market. It has Free Trade Agreement with EU, EFTA, CEFTA and Turkey and access to 600 million customer base. It offers high talented creative and skill labour on competitive cost in variety sector. Highly favourable legal environment with lowest corporate tax rate. Abundant with natural resources and competitive utility costs. The domestic currency stable (BAM) pegged to Euro. The per capita income is 4,08,820 Euro. The country is close to all major European Capitals and the pan European corridor: going from Hungary through Croatia and Bosnia and Herzegovina to the Port ploce (Croatia). It has well developed road network and rail connectivity and has 4 international airports with multiple daily flights to major European cities. The Ambassador further said that the government in partnership with Islamic development bank organizes Annual Regional Investment Conference which attracts over 1000 participants every year from more than 30 countries with over 250 B2B meetings. The conference is an ideal platform for business networking and the explorations of investment opportunities in South East Europe with sole objective of economic development. The Sarajevo Forum 2017 will be held between May 22-23 in Bosnia and Herzegovina and requested the SICCI to participate at the conference. Responding to Mr. Rafeeque Ahmed President, SICCI said that it is an excellent opportunity for the Indian business to showcase and he is keen in visiting Bosnia. Since, the SICCI delegation to Myanmar has been scheduled well in advance and he has other business commitments he will consider requesting his business associates in Europe to look into this. Mr. R. Ganapathi, Sr. Vice President, who hosted the session said that Bosnia is very important to Indian industry and in particular to the IT sector and he will also his official looking after that region to participate. He also raised the issue of visa formalities for which the Ambassador said that it can be done in 24hrs. Mr. Tareen, representative of Government of Bosnia and Herzegovina said that he is keen in interacting with SICCI and requested official delegation to Bosnia in the near future.