Indian investors are on the lookout for business opportunities in the Philippines. The investors from India are interested in setting up the manufacturing facilities in the country. The Department of Trade and Industry said on March 26, 2014 that the Indian business delegation – which is organized through the Philippine Trade and Investment Centre in New Delhi and the Federation of Indian Chambers of Commerce and Industry – have been interested in investments in pharmaceuticals, bio and thermal energy, as well as mining, auto parts and more.
The deputy head of the delegation and director of the Ivory Education Pvt Ltd, Kapil Rampal said, “India is a huge market. The distribution is excellent and you just have to find the right partner”. Rampal addressed the current situation during the DTI business forum and said that the Indian business delegation has been interested in possibilities of collaboration in order to be competitive in the market.
The delegation has 14 members and composes of companies from various sectors, like agriculture, infrastructure, hospitality, hotel, food products, airport and textile. The Trade Secretary of Philippines, Gregory L. Domingo said that this was the second meeting with FICCI, which is the oldest and largest top business organizations in India.
The first meeting was held in March 2011, during the First India-Asean Business Fair and Business Conclave in New Delhi.
Photo Credits: IndolinkEnglish