India firms seek investment opportunity in Binh Duong
A delegation from the Confederation of Indian Industry (CII) led by First Secretary of the Indian Embassy in Vietnam Rafiv Bodwade has paid a field trip to the southern province of Binh Duong to seek investment opportunities in the locality.
Binh Duong (VNA) – A delegation from the Confederation of Indian Industry (CII) led by First Secretary of the Indian Embassy inVietnam Rafiv Bodwade has paid a field trip to the southern province of BinhDuong to seek investment opportunities in the locality.
During a working session with representatives from the provincial People’sCommittee on December 19, Rafiv Bodwade said Indian firms have noticed manyinvestment opportunities in Vietnam, especially in Binh Duong – an industrial hublocated in the southern key economic area.
Indian enterprises give priorities to investing in the fields of agriculture, pharmaceuticsand renewable energy, he stressed.
Vice Chairman of the provincial People’s Committee TranThanh Liem briefed the guests on the locality’s socio-economic development,noting that Binh Duong has 29 industrial parks and eight industrial clusters witha total area of over 10,000 ha.
The locality has so far attracted 28.5 billion USD in foreign direct investment(FDI) from 3,360 enterprises, but Indian-run projects number only five with a totalinvestment of 170 million USD, he said.
Binh Duong is calling for investment in projects on large scale which use advancedtechnologies with less labour and create high added-value products, headded.
India has 134 investment projects worth 1.1 billion USD in Vietnam. Two-waytrade in 2017 hit over 10 billion USD, year-on-year increase of 29 percent. The two nations aimto lift their trade to 15 billion USD by 2020.-VNA
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Scene of the working session (Source: VNA) 
