Indian companies discover alternatives in southern area | Enterprise

Indian businesses explore opportunities in southern region hinh anh 1An govt from an Indian agency exchanges info with a neighborhood counterpart at a India-Vietnam enterprise assembly in HCM Metropolis on Could 23. (Picture courtesy of the Indian Consulate Basic)

HCM Metropolis (VNS/VNA) –
An Indian delegation comprising 17
enterprise executives from varied sectors like IT, infrastructure, electrical
gear, aquatic processing, expertise providers, and renewable power met
with their Vietnamese counterparts to discover tie-ups at a gathering held each
on-line and offline on Could 23.

Talking on the occasion, Dr Madan Mohan Sethi, the Indian Consul Basic
in Ho Chi Minh Metropolis, mentioned India has grow to be Vietnam’s seventh largest buying and selling
companion after bilateral commerce elevated considerably in recent times.

Sethi mentioned he noticed large scope for enhancing cooperation
between the 2 nations not solely in commerce but in addition in lots of different sectors
together with funding, medical care and tourism.

He hoped to be a bridge for cooperation between the 2 sides.

Nguyen Thi Diem Quynh, Deputy Director of Lengthy An province’s
Division of Planning and Funding, mentioned the province is house to almost
1,200 foreign-invested tasks with complete registered capital of 10.3 billion

They embrace seven Indian tasks value 215 million USD primarily in
meals processing, animal feed and textile and garment, he mentioned.

The province seeks to industrialise and grow to be the most important hub for
processing and distributing agricultural produce within the South within the subsequent 10
years, she mentioned.

It will prioritise attracting investments in supporting
industries, processing and manufacturing, automation, digital gear and
parts, software program, semiconductors, synthetic intelligence, and concrete
growth, she added.

Doan Thi Ngoc Van, Deputy Director of Dong Nai province’s
Division of Planning and Funding, mentioned the locality has a commerce surplus
with India.

Its main exports embrace uncooked supplies for plastic, curtain and
technical materials, equipment, gear, spare elements, fibre, and yarn.

India’s strengths like IT, biotechnology, schooling, and medical
care are additionally areas of curiosity for Dong Nai province, which presents the 2
sides an important alternative to collaborate, she added.

Dr Ranjeet Mehta, Deputy Secretary Basic of the PHD Chamber of
Commerce and Trade, New Delhi, mentioned the target of the delegation’s go to
is to hunt tie-ups with Vietnamese corporations in varied areas comparable to
agriculture, textiles, schooling, meals processing, railways, infrastructure,
and healthcare.

Shwetima Negi of Make investments India spoke about her nation’s market and
alternatives in key sectors comparable to info expertise, manufacturing,
aquaculture, logistics, and infrastructure, that are soliciting international

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