Business

Dong Nai hopes to attract Indian investors

The southern province of Dong Nai on December 13 organised an investment promotion conference to attract investors from India.
Dong Nai hopes to attract Indian investors ảnh 1Nguyen Thi Hoang, Vice Chairwoman of Dong Nai province People's Committee gives a present to India Business Association. (Photo danviet.vn)

Dong Nai (VNA) – The southern province of Dong Nai on December 13 organised an investmentpromotion conference to attract investors from India.

So far, the province hasattracted investors from 44 countries and territories with 1,550 projects worth a combined registered capital of 33 billion USD. However, there is noproject by Indian investors.

Trade betweenenterprises in Dong Nai province and India now reaches about 800 million USDyearly.

According tostatistics, enterprises in Dong Nai export to India mostly fabrics, machines,equipment, spare parts, footwear, iron/steel products, textiles, rubber,coffee, and pepper. They import plastics, chemicals, animal feed, rawmaterials, textile fibers, cotton of all kinds, and pesticides from India

Nguyen Thi Hoang, ViceChairwoman of the provincial People's Committee, said that Indian businesseshave strengths in fields including information technology, biotechnology,education, and health care which the province hopes to call for investment in.

She said that theprovince will support Indian investors to facilitate the investment.

Dong Nai hopes to attract Indian investors ảnh 2Workers of Daikan Vietnam Co., Ltd in Dong Nai (Photo: VNA) 

Indian Consul Generalin Ho Chi Minh City Madan Mohan Sethi said an Indian business delegation isexpected to visit the province soon to learn about the investment environment.

He also invitedprovincial leaders and a Dong Nai business delegation to visit India in 2023to promote cooperation activities./.

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