Vietnamese, Indian power firms seek partnership opportunities
A recent B2B Meeting held by the Consulate General of India in Ho Chi Minh City provided networking and partnership opportunities for Vietnamese and Indian businesses in the electrical and power sector.
Indian Consul General in HCM City K Srikar Reddy speaks at the B2B meeting (Photo: congthuong.vn)
HCM City (VNA) – A recent B2B meeting held bythe Consulate General of India in Ho Chi Minh City provided networking andpartnership opportunities for Vietnamese and Indian businesses in theelectrical and power sector.
The event featured 14 Indian electricity and power businessesthat make products such as transmission equipment and metering solutions.
Dr K Srikar Reddy, Indian Consul General in HCM City, saidthat from April 2017 to March 2018, bilateral trade between the two countrieswas at 12.83 billion USD, 27 percent higher than the same period last year.
Vietnam’s electricity consumption is expected to grow by4,000 MW every year, which is a great opportunity to increase trade inelectrical machinery between the two nations.”
Kieu Huynh Son, deputy chairman of the HCM City Associationof Mechanical and Electrical Enterprises, said that demand for power had risenalong with economic growth.
He said that Indian electricity and power machinery was ofhigh quality, and that the Indian market had potential for Vietnameseelectrical equipment manufacturers.
Top Indian electricity and power companies such as TataPower, Adani Energy and Shapoorji Pallonji Group have been investing in Vietnam.
India is the world’s third largest supplier and consumer ofelectricity.
From 2017 – 2018, total production of the electricalequipment industry in India was at 27.3 billion USD, and is expected toincrease to 100 billion USD by 2022, with Indian suppliers in the industrybecoming more competitive with their product quality.
India is among the top 10 trading partners of Vietnam. Indianbusinesses have invested in 188 major projects worth a total of 875 million USDin Vietnam.-VNA
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Indian Consul General in HCM City K Srikar Reddy speaks at the B2B meeting (Photo: congthuong.vn) 
