eseoulpost
BusinessPhilippines
PH gets USD1.25-B investment deals, pledges from India
min  |  min
폰트키우기 폰트줄이기 프린트하기 메일보내기 신고하기
승인 2018.01.26  
트위터 페이스북 미투데이 요즘 네이버 구글 msn
   

New Delhi, India -- Presidential Spokesperson Harry Roque on Thursday said investment pledges and agreements from Indian firms reached a total of USD1.25 billion, which are expected to generate thousands of jobs for Filipinos.

"The truth of the matter is, even before the start of the ASEAN-India [Summit], DTI has already facilitated USD1.250 billion in new investments in the Philippines," Roque said during an official press briefing at the sidelines of the ASEAN-India Commemorative Summit 2018.

The Department of Trade and Industry (DTI) announced that it has obtained at least nine investment pledges and agreements from top Indian companies, which are expected to strengthen the Philippines’ economic relationship with the South Asian country.

DTI conducted a series of meetings at the sidelines of the summit to discuss investment plans with major Indian conglomerates that intend to either expand or begin their operations in the Philippines.

Lopez said the agency received a total of seven letters of intent from firms that expressed interest in investing in the country.

Meanwhile, he added that two memoranda of understanding (MOU) on investments were also signed between India and the Philippines.

“We had basically about nine agreements with them on how… we can both expand and strengthen our trade and investment relationship," said Lopez.

“I will tell you that it is emerging to be a substantial commitment on the investment side as well as job generation side,” he added.

The investment pledges came from companies involved in pharmaceutics, information technology, energy, tourism, medical wellness and business processing management.

Lopez said the government primarily wanted to prioritize pharmaceutics and business outsourcing as areas of cooperation with India, since the country is known to excel in both industries.

He said this was “aligned with what the president intends to achieve in this visit – to strengthen the trade on pharmaceuticals to ensure that the Filipinos will have better, easier access to affordable quality drugs.”

Lopez said there were even discussions to create a working group to develop a plan that would strengthen the two countries’ trade and investment partnership on pharmaceutics. The group was given two months to provide a report.

Meanwhile, Roque reported that the recently concluded bilateral meeting between President Rodrigo Duterte and Indian Prime Minister Narendra Modi fostered a shared commitment to expand the two countries’ ties particularly on business and security.

“The two heads of states agreed that relations, while already very good, will even be better and that there will be further bilateral negotiations on issues involving trade and even military cooperation in the next two months,” Roque said. (PR)


 

< 저작권자 © eseoulpost 무단전재 및 재배포금지 >
폰트키우기 폰트줄이기 프린트하기 메일보내기 신고하기
트위터 페이스북 미투데이 요즘 네이버 구글 msn 뒤로가기 위로가기
이 기사에 대한 댓글 이야기 (0)
자동등록방지용 코드를 입력하세요!   
확인
- 200자까지 쓰실 수 있습니다. (현재 0 byte / 최대 400byte)
- 욕설등 인신공격성 글은 삭제 합니다. [운영원칙]
이 기사에 대한 댓글 이야기 (0)
Most Read
1
N.K. official checks areas surrounding Samsung smartphone factories in Vietnam
2
Mohamed bin Zayed receives Bangladeshi PM, defence ministers participating in IDEX 2019
3
7 Denominations Held a Combined Event for Freedom of Religion and Peace
4
Taiwan mulls quicker fipronil testing after tainted eggs reach market
5
Religious Leaders in the Philippines Discuss Peace Building through Scriptures
6
ADNOC wins AA+ Standalone & AA Long-Term Issuer Default Credit Rating
7
Abdullah bin Zayed meets British Minister of State for MENA
8
Bill prioritized to bar China residency holders to run for office
9
National accomplishments in defence industry fundamental to IDEX’s success: Sultan Al Jaber
10
Sustainable Development Resonates with International Partnership in Grand Peace Festival
Photo News Green Biz
Restoration of nature requires actions of many :Al Zeyoudi
Restoration of nature requires act...
min
Al Zeyoudi to head UAE delegation to upcoming Global Climate Action Summit in California
Al Zeyoudi to head UAE delegation ...
min
Plastic wastes from Korea legal: MisOr ecozone exec
Plastic wastes from Korea legal: M...
min
Spotlight on UAE's environmental efforts at Urban Sustainability Week
Spotlight on UAE's environmental e...
min
DEWA invites customers to take up Shams Dubai to generate onsite solar power
DEWA invites customers to take up ...
min
Photo News Sports
Welcome to the land of Zayed, land of tolerance, Nahyan bin Zayed tells 2019 AFC Asian Cup teams
Welcome to the land of Zayed, land...
min
World Taekwondo Grand-Prix Final launched in Fujairah
World Taekwondo Grand-Prix Final l...
min
Koreas agree to formally inform IOC of intent to co-host 2032 Olympics
Koreas agree to formally inform IO...
min
Etisalat sponsors UAE Paralympics at Asian Para Games
Etisalat sponsors UAE Paralympics ...
min
Taichung to host first Asia-Pacific Youth Games in 2019: mayor
Taichung to host first Asia-Pacifi...
min
Asiad PHL gold winners come home
Asiad PHL gold winners come home
min
More history for Koreas in canoe; sport climber, hurdler grab gold medals
More history for Koreas in canoe; ...
min
Shooter wins Taiwan's 2nd gold at Asian Games (update)
Shooter wins Taiwan's 2nd gold at ...
min
Photo News World
Welcome to the land of Zayed, land of tolerance, Nahyan bin Zayed tells 2019 AFC Asian Cup teams
Welcome to the land of Zayed, land...
min
World Taekwondo Grand-Prix Final launched in Fujairah
World Taekwondo Grand-Prix Final l...
min
Koreas agree to formally inform IOC of intent to co-host 2032 Olympics
Koreas agree to formally inform IO...
min
Etisalat sponsors UAE Paralympics at Asian Para Games
Etisalat sponsors UAE Paralympics ...
min
Taichung to host first Asia-Pacific Youth Games in 2019: mayor
Taichung to host first Asia-Pacifi...
min
Asiad PHL gold winners come home
Asiad PHL gold winners come home
min
More history for Koreas in canoe; sport climber, hurdler grab gold medals
More history for Koreas in canoe; ...
min
Shooter wins Taiwan's 2nd gold at Asian Games (update)
Shooter wins Taiwan's 2nd gold at ...
min
Photo News Opinion
Biz heads want no more 'false hope' for Kaesong Industrial Complex
Biz heads want no more 'false hope...
min
Religious leaders, civic group officials visit N. Korea for new year event
Religious leaders, civic group off...
min
Ex-Seoul mayor to run in opposition party's leadership election after boycott row
Ex-Seoul mayor to run in oppositio...
min
Former Supreme Court chief indicted in power abuse scandal
Former Supreme Court chief indicte...
min
President likely to reshuffle Cabinet after holiday
President likely to reshuffle Cabi...
min
Hyundai to invest 53 bln won in local car joint venture
Hyundai to invest 53 bln won in lo...
min
100 civil society groups in South Korea launch protest against the established Christian-political association
100 civil society groups in South ...
min
Moon's confidant gets 2-year prison term for opinion rigging
Moon's confidant gets 2-year priso...
min
Newspaper AboutNews ReportAdvertiseComplaintsPrivacy PolicyJuvenile protectionRejection of E-mail Collection
Gangnam-gu, Teheran 52 street in Tehran Bldg, 616(Yeoksam-dong)  |  Main Phone: 02) 563-0604  |  Fax: 02) 538-5665
Chairman : jeong-woo Lee  |  Advisor : byung-il Min  |  Publisher: jae-mo Kah  |  Editors: il-hong Kim
Registration Number 1928 Seoul ah  |  eseoulpost.com / eseoulpost.net / Global Korea.,Ltd
Copyright © 2011 eseoulpost. All rights reserved. mail to jaemokah@daum.com , kih10kr@empas.com/ www.globalkorea.info
arabafrica.net / UAE Interract / Emirtes News Agency(WAM)/ http://wam.org.ae / www.uaeinteract.com