PM receives CEOs of leading Indian businesses

09:25 | 25/01/2018 Events

Prime Minister Nguyen Xuan Phuc met with top executives of several leading Indian businesses, namely Tata, Larsen & Toubro (L&T), ONGC, and vDoIT shortly after arriving in New Delhi on January 24.

PM Nguyen Xuan Phuc (L) had meetings with top executives of several leading Indian businesses in New Delhi on January 24 - Photo: VNA

Talking to Managing Director of Tata Power Anil Sardana, PM Phuc said the Vietnamese Government will create favorable conditions for the two countries’ enterprises to bring investment and business activities on par with the sound political and diplomatic ties.

He asked Tata to increase investment in Vietnam on the basis of Vietnam’s legal regulations on environmental protection.

Sardana affirmed his group’s commitment to expanding production and business projects in Vietnam in a long-term and sustainable manner. Tata also hopes to receive the PM and relevant agencies’ support for their investment projects, he said.

Tata Power is the biggest electricity producer in India. It is implementing the Long Phu 2 thermal power plant project in Soc Trang province and some projects in other fields in Vietnam.

At a meeting with Managing Director of L&T Subrahmanyan, PM Phuc highly valued L&T’s strength and investment projects in many countries, including Vietnam. He asked the firm to carry out shipbuilding projects in Vietnam with the best quality and lowest costs. It also needs to cooperate with Vietnamese firms in the same fields to transfer corresponding technologies to Vietnam.

Vietnam wants to build solar and wind power factories, and encourages foreign enterprises, including L&T, to partner with local companies to carry out these projects, the Government leader added.

Subrahmanyan informed PM Phuc about L&T’s successful cooperation projects with Vietnamese businesses and agencies, especially in building patrol boats for the coast guard force.

He added that L&T, a multinational group operating in energy, defence, technology, construction, manufacturing and finance industries, is interested in metro projects in Vietnam and wants to engage in the construction of these projects as they are also a strong field of his firm.

Also on January 24, PM Phuc received Narendra K.Verma, Managing Director of India’s Oil and Natural Gas Corporation (ONGC). He asked the group to continue its cooperation with Vietnamese partners in oil and gas exploration and exploitation, as well as production and processing.

Verma expressed his satisfaction at ONGC’s investment projects in Vietnam, adding that the group will continue expanding production and business activities there. He also called for more support and favorable conditions from the PM and the Vietnamese Government for ONGC’s projects.

The same day, PM Phuc had a meeting with Sudheer Pandharpurkar – chairman of vDoIT, which operates in the IT sector and provides technological services and solutions in health care, education, human resources development, and e-government.

The PM welcomed vDoIT’s implementation of the Smart Village project in Vietnam, adding that if the project is successful, it will help improve rural residents’ living standards.

He said the Vietnamese Government is interested in this project as it suits the new-style rural area building programme in the country. He pledged the best possible conditions for the project and asked vDoIT to expand Smart Village to Thai Binh, Dong Thap, and Ninh Thuan provinces.

Pandharpurkar said the Smart Village project is being carried out in 43 villages in Ha Nam and Ninh Binh provinces. It will implement service and solution packages on education, telemedicine, human resources development, and hi-tech agriculture.

He voiced his belief that with local residents’ support, the project will be successful. He also asked for more support for this project from local authorities.