SRV Medi New Delhi [India], April 23: Taking an important step towards strengthening economic ties between India and growing ties with Vietnam, the Trade Commissioner of India, ASEAN Business Council, Telangana, Hon. Pabbati Ravi Kuma Region played an important role in the India Vietnam Meeting 2024 held in the Highlands region of Dak Lak Province in Vietnam in collaboration with the Government of India under the Consulate General of Ho Chi Minh City in Vietnam, this esteemed gathering of business leaders, innovators, industries and was a strong platform to foster collaboration among policy makers, share insights and explore new avenues for economic cooperation between bot countries. The delegation was hosted by Nguyen Thien Van, Vice Chairman of the Provincial People's Committee, Connecting Indian Businesses to the ASEAN Perspective: His Excellency Madan Mohan Sethi attended the India Vietnam meeting held in Dak Lak Province under the invitation of the leadership of Dak Lak. The Consulate General of India in H Chi Minh and the Indian delegation are positioned as an ideal venue for the India ASEAN Business Council to engage in meaningful discussions on business investment and innovation. During the meeting, the Trade Commissioner actively participated in the discussion on key economic trends, opportunities, challenges faced by the sector.Led by Pabbati Ravi Kumar, it aims to leverage this platform to promote bilateral trade, share valuable insights on India's economic landscape and explore collaborative initiatives that will benefit both Indian and Asian businesses. The Trade Commissioner was also accompanied by a 40-member delegation of businessmen from various neighboring states of India who visited various factories and companies in the coffee, IT, agricultural education and textile sectors. “This gathering provided a unique opportunity to foster partnerships, exchange ideas and contribute. We look forward to the growth of our economies. We look forward to strengthening existing relationships and establishing new ones Which will promote economic progress for both India and Vietnam,” said CML Dilip, who accompanied the Telangana delegation and is also the president of Karnataka Arya Vysya Mahasabha.In a significant progress towards enhancing economic cooperation and promoting stronger ties between India and Vietnam, India ASEAN Business Council members also held a series of Business-to-Business (B2B) meetings in the vibrant city of Dak Lac region. Attended and signed. 4 MoUs with various sectors in the region. The event proved to be an important moment in the ongoing effort to promote trade relations between the two countries as representatives from various sectors explored opportunities for cooperation and mutual benefit given the strategic importance of Vietnam as one of Vietnam's major economic and industrial centres. As one of the Dak Laak, Dak Laak holds strategic importance. Economic scenario of the country. Its well-developed infrastructure, thriving coffee industry and business-friendly environment make it an ideal location to foster international trade relations. The Indian delegation's decision to hold B2B meetings in the Dak Lac region reflects recognition of the economic potential of the city and its role as a gateway to the wider Vietnamese market.The delegation brought together key players from the public and private sectors, promoting a comprehensive and inclusive approach to bilateral trade discussions. The primary focus of the B2B meetings was to explore synergy in manufacturing and technology. With Vietnam's rapidly growing manufacturing sector and India's strength in information technology, there is immense potential for cooperation in areas such as electronics, software development, high-tech manufacturing. Service sector and skill development. The President of the Indian Economic Trade Organization was also present during the meeting and pledged to support these ongoing Council collaborations.“We are committed to building people-to-people ties to accelerate development and deepen our strategic engagement with various developing countries and Vietnam has been very active in inviting delegations to further initiatives and it is important to note that this delegation and This is evident from the interest generated in the entire process,” said Dr Asif Iqbal, Chairman of IETO, who also signed the MoU with the Vic Chairman of Dak Lak Province in the region.
The MoU signed between India ASEAN Business Council and their Vietnamese counterparts in Dak Lak region is an important step towards strengthening economic relations between India and Vietnam. As both countries move forward in the emerging global economic landscape, these meetings serve as a foundation for continued growth and prosperity through cooperation and understanding. The outcomes of these engagements are expected to deliver tangible benefits to businesses, economies and people of both sides, ushering in a new era of economic partnership between India and Vietnam.Honorable. Pabbati Ravi Kuma is expected to lead more delegations, including businesses from Telangana, to other ASEAN countries such as Singapore, Indonesia, Cambodia and Laos in the coming months. The joint delegation has embarked on a mission to meet with other business entities in Ho Chi Minh City under the patronage. His Excellency Madan Mohan Sethi, Consul General of India in H Chi Minh. The primary objective of the meeting was to provide updates on their ongoing cooperation and explore new avenues to enhance bilateral trade between the two countries. The main focus was to identify new investment opportunities in sectors such as infrastructure, renewable energy and technology.The delegations sought the general support of the Indian Consulate in promoting these opportunities to attract more investors from both sides. Beyond economic cooperation, delegations expressed interest in promoting cultural and educational exchanges.Initiatives like student exchange programs and cultural programs to strengthen people-to-people ties were discussed