May 17, 2024 | 19:59 GMT +7
Hotline: 0913.378.918
May 17, 2024 | 19:59 GMT +7
Hotline: 0913.378.918
The Lam Dong - India Business and Investment Cooperation Conference was held in Da Lat City (Lam Dong) on the afternoon of August 31. Photo: Minh Hau.
On August 31, the Consulate General of India in Ho Chi Minh City coordinated with Lam Dong People's Committee to organize the Lam Dong - India Business and Investment Cooperation Conference.
This conference aims to concretize policies which promote bilateral relations in trade, economy and investment between India and Central Highlands provinces including Lam Dong. It also creates more opportunities for enterprises to export agro-products with local strengths to the Indian market, and opens up cooperation in investment, production, trade connection, market expansion and tourism development between Central Highlands enterprises and Indian enterprises.
“Regarding trade cooperation, many key products of Lam Dong province have been exported to India. This includes green coffee with an export value of over USD 2.5 million; raw silk, silk, and silk fabric over USD 38 million; aluminum oxide USD 32 million. The mentioned export figures may continue to increase in 2023,” said Pham S, Vice Chairman of Lam Dong People's Committee.
Lam Dong is identified as a location with ample potential for agricultural trade cooperation. Photo: Minh Hau.
According to Madan Mohan Sethi, Consul General of India in Ho Chi Minh City, India is currently the fifth largest economy in the world and has great strengths in many fields such as agriculture, automobiles, pharmaceuticals, biotechnology, textiles, and information technology.
“India is on the path of exponential growth and development. Every day in India is a story of achievement. We have big plans to build highways, airports, ports and modernize industries using AI”. At the conference, Consul General Madan Mohan Sethi expressed his wish to have agricultural companies from Lam Dong province come to India so that they could explore the investment environment and conduct business with Indian partners.
India, the fifth largest economy in the world, is a promising land for Vietnamese businesses. Photo: Minh Hau.
Lam Dong currently has nearly 12,000 businesses with potential industries such as high-tech agriculture, industry, construction, tourism and trade. Businesses in the province are looking for ways to cooperate with India to import or deploy machinery lines in the coffee business.
They also express a need to work with Indian businesses in exporting green coffee and filter bags, helping Indian cafes and restaurants have enough ingredients to serve delicious cups of coffee to their large amount of customers.
“We would like to propose commercial cooperation by organizing trade exhibitions and business connection seminars in seek of trade opportunities, along with that is the exchange of experts and training to share professional knowledge and skills. We can develop joint projects in fields such as agriculture, tourism, or information technology to fully utilize the potential of both communities,” Nguyen Thi Thu Hien, Vice Chairwoman of Lam Dong Business Association said.
Many businesses in the Central Highlands want to connect trade with India in the field of high-tech agriculture. Photo: Minh Hau.
Within the framework of the Lam Dong - India Business and Investment Cooperation Conference, leaders and representatives of Central Highlands provinces also outlined local economic advantages and potentials in terms of promoting economic cooperation and trade with India.
Ton Thi Ngoc Hanh, Vice Chairwoman of Dak Nong People's Committee, said that in recent years Dak Nong has cooperated with India in the field of exporting aluminum products and importing raw cashew products.
Although there is no Indian FDI investment project in Dak Nong yet, the province has many outstanding traits, including large bauxite reserves, abundant agricultural inputs, many pristine and interesting tourist attractions, along a rich traditional culture. These are promising fields for business investment.
Within the framework of the conference, businesses of both sides signed 45 memorandums of understanding and principle contracts in many fields. Photo: Minh Hau.
Vice Chairwoman Ton Thi Ngoc Hanh hoped to invite corporations and investors from India to Dak Nong to survey and invest in high-tech agriculture, clean agriculture, tissue grafting technology, high quality plant seed production and agricultural processing. “Dak Nong is a province with extremely difficult socio-economic conditions, so when businesses come to invest, they will enjoy preferential policies with the highest framework according to Central and local regulations”.
Translated by Samuel Pham
(VAN) This is a component in the project for 'Developing the multi-purpose value of the forest ecosystem in Bac Giang province until 2030, with a vision towards 2050'.
(VAN) As many as 9 typical industrial rural products of the North in 2024 of Thai Nguyen province are notable tea brands.
(VAN) The Hanoi Department of Agriculture and Rural Development, in collaboration with the Trade Office and the Vietnamese Embassy in Australia, arrange a trade promotion delegation to the Foodservice Australia 2024 Fair in Sydney.
(VAN) A group of students in Quang Tri built a project to green natural forests. The group has just planted 1,000 native trees such as ironwood, bullet wood, and chukrasia at Dakrong Nature Reserve.
(VAN) This is the concluding remarks of Minister Le Minh Hoan, Head of the Steering Committee for Quality, Food Safety and Market Development, at the first meeting of the committee.
(VAN) The emission-reducing rice farming model in Dak Lak in the spring crop of 2024 helps reduce material costs by 10-15%, increase productivity by 30%, and reduce irrigation water by 50%.
(VAN) Despite previously receiving an administrative penalty, Nguyen Van Tec continued to use electric shock devices on his fishing vessel to harvest fisheries resources in the core area of Ha Long Bay.
