Indian TATA Group has sizable investment capital in Vietnam
VOV.VN - President Tran Dai Quang praised India's TATA Group CEO Indronil Sengupta in Vietnam for his contributions to expanded investment in Vietnam at a reception in Hanoi on January 12.
 |
President Quang welcomed TATA’s expansion of its business in Vietnam, especially the Long Phu II thermal power plant in Soc Trang province.
He expected this will open the door for new energy cooperation projects between India and Vietnam.
The Government will create the best possible conditions for the Long Phu plant to be put into operation as scheduled, Quang said, noting that power development is a priority of Vietnam.
The President asked TATA Group and the CEO to help India become a leading investor in Vietnam, particularly in electricity production, mechanics and infrastructure development, making it easier for both countries to soon reach a two-way-trade value of US$15 billion as expected.
Sengupta told his host that his group is to invest more in renewable energy, coffee processing and light truck assembly projects in southern Vietnam.