Philippines Invites Indian Firms to Explore Investment Opportunities in Infra Sector

The Philippines has invited Indian companies to explore investment opportunities in infrastructure sector such as airports, railways, shipbuilding and ports with an aim to improve economic cooperation, industry body CII said on 12th February. The opportunities were showcased by the Philippines during a business conference on India-Philippines Infrastructure Cooperation, which was held on 18th February.

The event was jointly organised by the Confederation of Industry (CII) and Philippine Chamber of Commerce and Industry in coordination with the Embassy of India in the Philippines.
"The conference showcased opportunities for collaboration in the flagship infrastructure development programme - Build, Build, Build (BBB) - to Indian companies," it said.
Arthur P Tugade, Philippines Transport Minister, in his presentation, highlighted potential projects in the field of airports, railways, shipbuilding, ports and urban infrastructure.
Arthur P Tugade drew special attention of the participating Indian companies towards the ongoing 104 ports projects; 116 airport projects; and increasing the length of Philippine railway network, it added.
Ramon M Lopez, secretary, Department of Trade and Industry, Philippines, invited Indian companies to take an active part in the BBB programme.
Ramon M Lopez also referred to the possible negotiation of a preferential trade agreement between India and the Philippines for enhanced market access.

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