Enterprises From India and Central Highlands Provinces to Strengthen Trade Relations

On August 31, a discussion concerning potential business and investment collaboration between Lam Dong province and India was held in Da Lat.

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The conference was jointly organized by the Lam Dong Provincial People’s Committee and the Consulate General of India in Ho Chi Minh City.

The event was attended by representatives of leaders of the Central Highlands provinces, the Consulate General of India in Ho Chi Minh City, and more than 40 enterprises from eight Indian states and associations including the Calcutta Chamber of Commerce, the Krishi Udyami Krishak Vikas Chamber (KUKVC), and the India Economic Development Association.

Besides, 70 businesses operating in the fields of agriculture, pharmaceuticals, tourism, and education of the Central Highlands provinces also attended the conference.

The conference. Photo: Vu Dinh Dong/ Bao Quan doi nhan dan
The conference. (Photo: Vu Dinh Dong/ Bao Quan doi nhan dan)

Speaking at the conference, Madan Mohan Sethi, Consul General of India in HCMC, stated that India is a major market for Vietnam, with numerous potential products and a large middle class that accounts for around 30% of the population. Furthermore, India has over 40 large cities with populations of over one million people and is fast developing in many aspects. Agriculture, textiles, tourism, and information technology are areas that the two countries have a lot of promise. This is an opportunity for Indian firms to work with Lam Dong province in particular, as well as other provinces in the region as a whole.

“I hope that companies from both sides exchange ideas and learn about business and cooperation on common issues. Simultaneously, we welcome agricultural product enterprises from Lam Dong province to visit India to seek investment and business opportunities with Indian partners. In the near future, the Consulate General of India will continue to collaborate to arrange trade, investment, tourist, and cultural exchange promotion events,” emphasized Madan Mohan Sethi.

Indian, Central Highlands Provinces’ Enterprises to Boost Trade Cooperation
Consul General of India in HCMC Madan Mohan Sethi. (Photo: Vu Dinh Dong/ Bao Quan doi nhan dan)

According to Pham S, Vice Chairman of the Lam Dong Provincial People’s Committee, in terms of trade cooperation, several significant Lam Dong province items worth tens of millions of dollars have been exported to the Indian market in recent years. However, the scope of cooperation is insufficient in comparison to the available potential and benefits.

This conference aims to formalize strategies to strengthen bilateral trade, economic, and investment links between India and the Central Highlands provinces, especially Lam Dong. This is an opportunity for Central Highlands companies and Indian businesses to enhance agricultural product exports, connect commerce, expand markets, and develop tourism.

Indian businesses visit a booth to introduce Lam Dong silk products.
Indian businesses visit a booth introducing Lam Dong silk products. (Photo: Vu Dinh Dong/ Bao Quan doi nhan dan)

Within the framework of the conference, Indian enterprises directly learned about agricultural products, clothes, and specialties at the Central Highlands region’s display booths. The two sides agreed to sign 30 memorandums of understanding on investment cooperation, trade connections, and product consumption.

Phuong Nguyen