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 railways, airports, shipbuilding and ports with an aim to enhance economic cooperation, industry body CII said on Friday. The opportunities were showcased by the Philippines during a business conference on India-Philippines Infrastructure Cooperation, which was held on February 18.

The event was jointly organised by the Confederation of Industry (CII) and Philippine Chamber of Commerce and Industry (PCCI) 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.


In his presentation, Philippines Transport Minister Arthur P Tugade highlighted potential projects in the field of railways, airports, shipbuilding, ports and urban infrastructure.

He 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.

He also referred to the possible negotiation of a preferential trade agreement between India and the Philippines for enhanced market access.