Vice Chairman of the Ho Chi Minh City People’s Committee Vo Van Hoan on May 4 met with Alla Ayodhya Rami Reddy, a member of the Upper House of India, who was leading a business delegation, including representatives of the Ramky Group, to the city to explore cooperation chances in waste treatment.
The host official said HCM City welcomes Indian enterprises coming to explore opportunities and make long-term investment and business. It is always ready to create the best possible conditions for Indian firms to invest in industrial park infrastructure and convert old industrial parks into the ones that apply modern and advanced technologies.
The Ramky Group’s intention to build a hi-tech waste treatment plant highly matches the demand and development orientations in the city and Vietnam as a whole, Hoan said, adding that HCM City highly values Indian businesses’ experience and technological capabilities in waste treatment.
HCM City hopes that Ramky will consider, give advice, and implement waste treatment projects at existing landfill sites while constructing a large-scale wastewater treatment system for the city, according to the Vice Chairman.
For his part, Reddy, who is also the founder of Ramky, affirmed his wish to enhance cooperation with HCM City and other southern localities of Vietnam in the treatment of urban, medical, and industrial waste, along with wastewater, by using advanced technology.
The group looks to raise its investment in Vietnam to US$1 billion from the initial US$150 million committed in a memorandum of understanding on cooperation signed in December 2021, he noted.
Speaking highly of HCM City’s vision on urban waste treatment, he stated that Ramky possesses sufficient experience, technology, and resources and wishes to take part in the city’s vision planning, especially in building waste treatment plants and transforming existing landfill sites into areas with new value serving local residents.
The group also hopes to seek investment opportunities in developing industrial park infrastructure and pharmaceutical technology, Reddy added.
During National Assembly Chairman Vuong Dinh Hue’s visit to India in December 2021, Ramky and the Film SKC Vietnam Co. Ltd signed an MoU on waste-to-energy cooperation worth US$150 million.