State President greets TATA Executive Director
09:31 | 13/01/2017

VGP – State President Tran Dai Quang hosted a reception for Indronil Sengupta, Executive Director of India's Tata Group in Viet Nam on January 12, in Ha Noi.

State President Tran Dai Quang (R) and Executive Director of India's Tata Group in Viet Nam Indronil Sengupta, January 12, 2017 – Photo: VNA

State President Quang highly spoke of Mr. Indronil Sengupta’s contributions to convert TATA into one of Indian largest groups in Viet Nam.

The host leader also congratulated TATA for its successful operation in various areas including industries, mechanics, electricity, and finance.

Viet Nam always regards foreign investors including Indian ones as an important part in the domestic economy, said State President Quang. The Vietnamese State has spared no effort to perfect the legal system on business field in line with international common standards and offer favorable ways for foreign investors to do business in Viet Nam.

The host leader was convinced that Long Phu II thermo-electric plant in the southern province of Soc Trang would soon come into operation and open up more Indian projects in Viet Nam.

According to Mr. Quang, there are wide doors for the bilateral trade and investment ties. This year, the two countries would hold a string of practical activities to mark the 45th anniversary of diplomatic ties and 10th anniversary of strategic partnership. The Viet Nam-India comprehensive strategic partnership was founded in September, 2016 would generate an important foundation and opportunities for the bilateral ties.

On this spirit, the host leader called on TATA and the Executive Director to optimize the potentials and turn India into one of leading investors in Viet Nam and strive for the US$ 15 billion two-way trade turnover in the coming time.

For his part, Mr. Indronil Sengupta revealed that TATA is developing renewable energy projects in Viet Nam and agricultural machinery supply chain in the Mekong Delta region.

The guest leader also hoped to broaden investment in other sectors in Viet Nam./.

By Kim Loan

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