Duterte bringing home $1.25-B in pledges from India: Lopez | ABS-CBN

ADVERTISEMENT

dpo-dps-seal
Welcome, Kapamilya! We use cookies to improve your browsing experience. Continuing to use this site means you agree to our use of cookies. Tell me more!

Duterte bringing home $1.25-B in pledges from India: Lopez

Duterte bringing home $1.25-B in pledges from India: Lopez

Pia Gutierrez,

ABS-CBN News

Clipboard

NEW DELHI - President Rodrigo Duterte is bringing home at least $1.25 billion in investment pledges from India, the Philippines' trade chief said on Thursday.

In a briefing in New Delhi, Trade and Industry Secretary Ramon Lopez said the planned investments are expected to generate 105,000 jobs in various fields.

Lopez said Indian conglomerates expressed their interest in entering or expanding their operations in the Philippine market, and were looking to invest in the pharmaceuticals, IT, renewable energy, and infrastructure sectors.

He said that at least 9 business agreements have been drafted, which are expected to be signed during the bilateral meeting with top Indian conglomerates.

ADVERTISEMENT

There are also ongoing negotiations to resume direct flights between India and the Philippines.

ADVERTISEMENT

ADVERTISEMENT

It looks like you’re using an ad blocker

Our website is made possible by displaying online advertisements to our visitors. Please consider supporting us by disabling your ad blocker on our website.

Our website is made possible by displaying online advertisements to our visitors. Please consider supporting us by disabling your ad blocker on our website.