NEW DELHI, March 1: The Lahore Chamber of Commerce and Industry (LCCI) and Confederation of Indian Industry (CII) on Monday signed a Memorandum of Understanding to foster trade ties and beef up cooperation in various field of the economy between the two countries.

The MoU envisages that CII and LCCI would endeavour to undertake studies to determine the support which might benefit their respective members under this understanding and which would develop into specific programmes.

Meanwhile, Karachi Chamber of Commerce and industry and Indian chambers of commerce signed four Memorandum of Understanding to promote bilateral trade and investment.

These MoUs were signed with Associated Chamber in New Delhi, Mahrashtara Chamber, Mumbai Chamber and the PHD, the association of six chambers of India, said Siraj Kassam Teli, KCCI President, while talking to the newsmen at the airport here on his return on Monday.