MANILA, Philippines The Philippine Economic Zone Authority (PEZA) is partnering with the embassies of India and Malaysia as part of efforts to attract more investors from the two countries. In a statement yesterday, PEZA said it is partnering with the Embassy of India to encourage Indian firms to invest in the Philippines through a forum that would discuss available investment opportunities in the country. The partnership follows the courtesy.
(ALI VICOY / FILE PHOTO / MANILA BULLETIN)
Indian Ambassador to the Philippines Shambhu Kumaran and First Secretary Nishi Singh paid a courtesy visit to the PEZA head office last week to discuss business opportunities in the Philippines for Indian investors.
There are currently around 28 Indian companies registered in PEZA. Of these, 21 are registered as information technology-business process outsourcing (IT-BPO), five as manufacturing, and two under various enterprises.
“The past year has been a bit of a setback to everyone but I feel that fundamental trends indicate that the Philippine economy continues to grow positively and energetically into the future,” Kumaran said during his visit.