Connect with us

Hi, what are you looking for?

Top Stories

Editor's Pick

Indian companies keen on investing in ecozones

SOME INDIAN COMPANIES, including those from the pharmaceutical industry, are interested in investing in economic zones in the Philippines, according to an India Business Forum (IBF) official.

IBF President Dileep Tiwari on Sunday said some of the organization’s members have shown interest in investing in economic zones.

Mr. Tiwari on Sunday signed a memorandum of understanding (MoU)with Philippine Economic Zone Authority (PEZA) Director-General Charito B. Plaza, for IBF’s support in promoting the economic potential of the Philippines to Indian investors. For its part, PEZA will help IBF in maximizing its business opportunities in the country’s economic zones.

“This MoU will pave the way for a new relationship between PEZA and IBF. Some of my colleagues are already interested to open an office in PEZA economic zones. Also, some members who are non-information technology-business process outsourcing, like those coming from the pharmaceutical background are also considering,” Mr. Tiwari said.

“Another colleague mentioned that there is also a plan to come up with chemical plants in PEZA economic zones,” he added.

There are currently 29 Indian locator companies in the Philippines with a total investment of P10.315 billion as of September 2021, according to Ms. Plaza,

She added that Indian locator companies in the country had registered $181 million in exports and employed 21,950 people as of August.

Ms. Plaza said the top Indian companies in the Philippines include Hinduja Global Solutions Ltd., Infosys BPM Ltd. – Philippine Branch, IGT Technologies Philippines, Inc., Teleperformance Global Services Philippines, Inc., and Concentrix Services Philippines, Inc. — Revin Mikhael D. Ochave

Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

You May Also Like

Editor's Pick

The Board of Investments (BoI) has cleared Sinoma Energy Conservation (Cebu) Waste Heat Recovery Co. Inc. to serve as the operator of a 4.5-megawatt...

Forex

At a time when the world is battling to get through the dreaded coronavirus pandemic, protective face masks have come out to be the...

Editor's Pick

BEWARE the “lessons of history” as drawn by charlatans, ignoramuses, or tyrants, for they will be daft, wrong, and possibly disastrous. The self-serving amateur...

Editor's Pick

The world’s food-import bill is set to jump even more than expected to a record this year, increasing the threat of hunger, especially in...

Disclaimer: SecretsOfRichDads.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice.
The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

Copyright © 2022 Secrets Of Richdads. All Rights Reserved.