The Philippine Trade and Investment Center (PTIC) – New Delhi of the Department of Trade and Industry (DTI) recently held a business round table discussion with top Indian companies to explore trade and investment opportunities in the Philippines last July 7, 2016 at the PHD House, New Delhi, India.
Participated in by 70 Indian businessmen and key industry players, the event was jointly organized with the PHD Chamber of Commerce and Industry. It aimed to explore more business opportunities between India and the Philippines in priority key sectors such as information communication technology (ICT), automotive, agriculture, energy, and chemicals. Some emerging sectors such as pharmaceuticals, electronics and high-end furniture were also highlighted during the discussion.
Among the prominent speakers who delivered successful case studies and testimonials about Philippine-India joint ventures were Sandeep Tewari, Vice President of Field Fresh Pvt. Ltd, a leading food and fruit juice processing company in India with joint venture with Del Monte Philippines and Manoj Sahai, General Manager for Strategic Sales of the global multinational Tata Consultancy Services (TCS). Sahai emphasized the promotion of the Philippines as a top destination for Indian IT companies for those thinking to establish alternative delivery centers. Tata Consultancy Services is India’s number one IT services firm with a revenue turn-over of $16.4 Billion in 2016, with a market capitalization of US$ 80 Billion. TCS operates global delivery centers in the Philippines with about 4,500 employees.
According to PTIC-New Delhi, Information Technology and Business Process Management (IT-BPM) and Automotive are two sectors that most Indian executives are interested in.
PHD Chamber of Commerce and Industry is one of the most important Indian Chambers of Commerce. Established in 1905, PHO Chamber’s geographical span covers the 12 States of Bihar, Chhattisgarh, Delhi, Haryana, Himachal Pradesh, Jharkahnd, Jammu & Kashmir, Madhya Pradesh, Punjab, Rajasthan, Uttar Pradesh, Uttarakhand and the Union Territory of Chandigarh. The chamber has a direct membership base of over 1,600 corporate entities and more than 45,000 indirect members through 200 Association Members and eight (8) Secretarial Affiliates.
With positive feedback from the business sector in India, DTI sees positive outlook in terms of trade and investments with Indian companies as future plans are being discussed between private companies.
Also present during the event are Philippine Commercial Counselor Michael Ignacio, Philippine Ambassador to India Maria Teresita Daza, PHD Chamber of Commerce top executives including Anil Khaitan, Vice President and Gursharan Singh, Co-Chairman for International Affairs Committee for Asia & Pacific.