Seafood firms urged to invest in India
Monday, May 15,2017AsemconnectVietnam - An Giang Province and India have good prospects for co-operation in aquaculture and processing, a meeting between business executives from the two sides heard in HCM City on Friday.
Smita Pant, the Indian consul general in HCM City, said An Giang and other provinces in the Cuu Long (Mekong) Delta region possess certain advantages in farming and processing, especially of basa.
Vietnamese fisheries products are exported to many markets and India is a huge market with a population of 1.2 billion.
The Indian Government offers incentives to foreign investors in aquaculture and seafood processing, especially in Andhra Pradesh, Odisha and Tamil Nadu states, she said.
She called on An Giang to send a delegation of leading seafood firms to the three states to do market research and explore investment opportunities, especially in projects to produce basa brood stock.
Ramesh Anand, managing director of Canopus Inter-Trade Pte Ltd, said the Indian market also offers good opportunities for An Giang firms to export basa products.
Vietnamese basa fish fillet is already available at many five-star hotels in India, he said.
Seafood demand is quite high in India, but businesses need to offer competitive prices, he said.
Nguyen Thanh Binh, deputy chairman of the An Giang People’s Committee, said his province is strong in agriculture, with rice, fish, fruits, and vegetables being the key items.
The province would send a delegation to India to study the market and boost exports of basa and invest in aquaculture, he told the media on the sidelines of the event.
Besides its traditional markets, the province also seeks to boost basa exports to other markets with high demand, including India, he said.
The An Giang and Indian businesses also discussed co-operation in IT, agro-chemicals, vegetables and fruits, human resource training, and tourism.
An Giang University sought tie-ups for training IT engineers to international standards, carrying out research into the internet of things for agriculture, e-governance and others and exchanging students and researchers.
The province sought Indian investment in tourism, especially in developing four- and five-star accommodation, theme parks, cuisine areas, and trade and convention centres.
Binh said trade between the province and India was worth nearly US$8 million last year, with the province’s exports accounting for more than $2 million.
The numbers are modest, and there is room for much greater trade ties, he said.
Such interactions are a good opportunity for businesses from the two sides to exchange information and explore opportunities, he added.
Source: Bizhub.vn
OCB AGM: Target VND6,000 billion profit before tax and increase capital to VND20,548 billion in 2023
Hodeco (HDC): Profit decreased by 67.9% to VND31.49 billion in Q1/2023
Dabaco Vietnam (DBC): Record loss of VND320.73 billion in Q1/2023
Vingroup (VIC) reached VND4,264 billion consolidated pre-tax profit in Q1/2023, up 121% yoy
MBBank (MBB) will increase capital to VND53,683 billion
Ha Do (HDG) estimated to reach VND250 billion profit after tax in Q1/2023
PNJ achieved VND749 billion profit after tax in Q1/2023
VietinBank will increase charter capital to VND60,387 billion or over VND66,000 billion
KienlongBank (KLB) aims to reach VND700 billion pre-tax profit in 2023
Bao Viet Securities (BVSC) target VND155.7 billion profit after tax in 2023
Vincom Retail (VRE) recorded VND1,024 billion consolidated profit after tax in Q1/2023
TPBank (TPB): Profit before tax reached VND1,765 billion in Q1/2023, up nearly 9% yoy
Vinhomes (VHM) recorded VND11,923 billion profit after tax in Q1/2023
Bao Minh (BMI) sets profit target of VND375 billion in 2023
Plan on implementing national strategy on climate change ...
Actively and effectively adapting, reducing vulnerability, loss and damage due to climate change; reduce greenhouse gas emissions ...Scheme on attracting, restructuring and improving quality ...
Urban development plan of Binh Phuoc province in a period ...
Plan on implementing Decision No. 327/QD-TTG dated March ...
Hung Kings Temple Festival 2023 kicks off
The Hung Kings Temple Festival 2023 and the Culture and Tourism Week of Ancestral Land 2023 kicked off in the northern province of Phu Tho ...Vietnam trounce Palestine at AFC U-17 Women's Asian ...
Phu Tho: Festival honours UNESCO intangible cultural ...
Saigontourist Group Food and Culture Festival 2023 opens
Vietnam’s top swimmer Huy Hoang to hold Vietnamese flag at ...