Indian firms look to partner with HCM City in environmental treatment
Many Indian enterprises are interested in cooperating with Ho Chi Minh City in waste treatment and management, renewable energy and power generation.
Illustrative image (Source: VNA)
At an exchange between Vietnamese and Indian enterprises recently held in the southern socio-economic hub, representatives from Indian firms said they are seeking Vietnamese partners in the fields.
Notably, Innovest Venture wants to work with local firms in infrastructure development, waste treatment and renewable energy development, while Sterling&Wilson is looking for investment opportunities in solar and wind power generation.
Speaking at the recent India-Vietnam Business Forum in HCM City, Indian Ambassador Pranay Verma said his government is encouraging Indian companies to invest in Vietnam.
He also highlighted key areas in which businesses from the two countries can enhance cooperation like education, agriculture, manufacturing, electronics, logistics and construction equipment.
According to the ambassador, Indian investments in Vietnam are worth about 1.7 billion USD, including investments routed through third countries. They are mostly in energy, mineral exploration, agro-processing, sugar manufacturing, agro-chemicals, IT and auto components.
To attract more foreign investment for environmental protection projects, Vietnam has paid attention to improving the investment and business environment and helping investors.
