Many Indian firms eager for investments in VN

January 14, 2013 | 15:04

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Deputy PM Vu Van Ninh on January 10 received the heads of the Federation of Indian Chambers of Commerce and Industry and executives of many big companies during his visit to India.

Deputy PM Vu Van Ninh (R) and Mr. Praveer Sinha, CEO of TATA Electricity Company,
Head of the Indian business delegation

Deputy PM Vu Van Ninh affirmed that Viet Nam always welcomes and create favourable conditions for Indian companies to invest in Viet Nam in such fields as electricity, electronics, hi-tech, manufacturing engineering, and oil and gas development.

The Deputy PM proposed the Federation of Indian Chambers of Commerce and Industry coordinate with the Viet Nam Chamber of Commerce and Industry to hold seminars, exchanges and investment forums in each country to introduce each side’s economic and investment cooperation potentials and enhance mutual understanding and trust.

Mr. Praveer Sinha, Chief Executive Officer and Executive Director of TATA Electricity Company, Head of the Indian business delegation, said Indian enterprises highly value Viet Nam’s investment environment and are interested in the country’s electricity, oil and gas, energy, mining and software industries.

He pointed to many cooperation opportunities for Vietnamese and Indian firms when India and ASEAN sign a free trade agreement, especially those in the fields of goods, trade and investment.

India has had 63 projects totaling over $234 million in processing, manufacturing, mining, oil and gas and sugar industries in Viet Nam.

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