With dense and diverse activities, the working trip of Provincial Party Secretary Thai Thanh Quy and the Nghe An province delegation to India was a great success, achieving all the set goals and requirements at a high level.
The high-ranking delegation of Nghe An province visited and laid flowers at the statue of President Ho Chi Minh in New Delhi, located in the G20 Park of over 4,700 square meters ; visited and worked at the Vietnamese Embassy in India.
Also in the capital New Delhi, Nghe An province coordinated with the Vietnamese Embassy in India and the Indian Chamber of Commerce (ICC) to organize the Workshop " Exploring investment opportunities in Nghe An", to promote the environment and investment and business opportunities to Indian enterprises and investors.
The event was attended by Vietnamese Ambassador to India Nguyen Thanh Hai, Mr. Nikhil Kanodia - President of the North, Indian Chamber of Commerce (ICC), representatives of the Indian Ministry of External Affairs and the business community and entrepreneurs.
Nghe An provincial leaders provided information on natural, social, infrastructure conditions, and preferential policies to attract investment in the province. The workshop received a lot of attention from Indian businesses and the media.
Nghe An Provincial Party Secretary Thai Thanh Quy and a high-ranking delegation of Nghe An province worked with the Indian Automotive Parts Manufacturers Association.
The entire Indian auto industry is valued at around $150 billion, contributing 49% to the country's manufacturing GDP, 7.5% to the total GDP and providing direct and indirect employment to 38 million workers. The Indian auto parts industry alone is very developed, with revenue in the 2022-2023 fiscal year reaching nearly $70 billion, of which exports amounted to $20.1 billion.
Also during the working program, Provincial Party Secretary Thai Thanh Quy and the delegation visited and worked at a number of top economic groups in India.
In New Delhi, the delegation worked with Mr. Ashok Wadhawan - CEO of Adani PLR Co, representative of Adani Group - one of the largest economic groups in India operating in the fields of seaports, transportation, logistics, energy, digital technology, cement production, mining... in more than 50 countries around the world, with a capitalization value of about 200 billion USD.
In Noida, Uttar Pradesh, India, the delegation visited and worked with Motherson Group. This is one of the world's largest corporations specializing in manufacturing auto parts supplying most of the world's auto manufacturers, including Audi, Daimler, BMW, Porsche, Land Rover, Ford, Volkswagen, Toyota, Hyundai, etc.
Motherson Group currently has more than 350 manufacturing facilities in 42 countries around the world with about 180,000 employees; revenue of up to 70 billion USD, most of which comes from the production of auto parts, especially electrical wires.
At the meetings, Provincial Party Secretary Thai Thanh Quy informed about Nghe An's investment environment and expressed his desire to welcome associations and corporations to research and invest in the province, especially in the fields of seaports, logistics, renewable energy, and auto parts manufacturing.
Also during the working visit to India, the delegation visited the National Museum in New Delhi, under the management of the Indian Ministry of Culture - which currently preserves about 200,000 diverse artifacts from both India and abroad, many of which represent more than 5,000 years of Indian cultural heritage.
The delegation also visited and presented souvenirs to Mahabodhi Temple - a Buddhist temple complex in Bodh Gaya, Bihar state, built in the 3rd century BC, recognized by UNESCO as a world heritage site since 2002...
Vietnam and India have had a traditional relationship for more than 2000 years thanks to cultural and civil connections. In the past, Indians came to Vietnam to spread Buddhism and Hinduism.
Over the past century, Vietnam and India have been united and supported each other in the war for national independence. The Vietnamese people will always remember the image of the Indian people sharing and supporting the spirit of independence of Vietnam, when they shouted "Tomar Naam, Amar Naam, Vietnam Vietnam" which means "Your name, my name, Vietnam, Vietnam" on the streets.
Today, Vietnam considers India one of its most important partners; the two countries have been comprehensive strategic partners since 2016. Political relations, security and defense cooperation between the two countries are excellent. The connection between the two peoples has never been stronger than it is today. In the first 11 months of 2023 alone, 352,200 Indian tourists visited Vietnam, putting the South Asian country in the top 10 countries with the most tourists to Vietnam.
However, according to assessments, economic cooperation between the two countries is still modest compared to their potential and expectations. For example, in the field of trade, the total turnover in 2022 between the two countries is only at 15 billion USD, which is about 2% of Vietnam's total trade with the world. India has only invested 1 billion USD in Vietnam and Vietnam has invested more than 30 million USD in India.
In Nghe An, there are currently only 5 FDI projects from India with a total committed capital of nearly 39 million USD, ranking 8th among foreign investment countries, mainly processing stone and wood. The total import-export turnover in 11 months of 2023 between Nghe An and India reached nearly 70 million USD.
Vietnamese Ambassador to India Nguyen Thanh Hai said: Nghe An province has made the right decision to come to India at this time, because after the Covid-19 pandemic, it is the perfect time to strengthen the partnership for mutual benefit. Both India and Vietnam have ambitious development goals. India aims to become a developed country by 2047, while Vietnam aims to do so by 2045.
The strategic interests of the two countries are converging, so it is necessary to transform the friendship and good political relations into effective partnerships, for the benefit of the people, localities and businesses of each side.
The visit and work of Provincial Party Secretary Thai Thanh Quy and the high-ranking delegation of Nghe An province has opened up new cooperation opportunities between the province and its partners; especially creating a bridge for Indian enterprises to come and learn about and invest in Nghe An, especially in the fields that the province prioritizes attracting and India has strengths in, such as: Electronic equipment and components manufacturing industry, information technology, telecommunications; automobile component manufacturing and assembly; pharmaceutical processing; high-tech agriculture; financial services, banking, insurance, logistics; training of high-quality human resources; resort and ecological tourism; construction and operation of seaport infrastructure.
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