Dr. Subhash Goyal proposes solutions to encourage startup cooperation between Nghe An and Indian partners
(Baonghean.vn) - Chairman of the National Committee on Tourism, Aviation and Accommodation Services, Indian Chamber of Commerce Dr. Subhash Goyal said that there is a need to focus on education and training, attracting high-quality human resources, because there is a large scope for cross-national startup cooperation.
On the morning of December 14, in the capital New Delhi, India, Nghe An province coordinated with the Vietnamese Embassy in India and the Indian Chamber of Commerce (ICC) to organize a workshop: "Exploring investment opportunities in Nghe An" to promote the environment and investment and business opportunities to Indian enterprises and investors.
The leaders of Nghe An province attending the workshop included comrade Thai Thanh Quy - Member of the Party Central Committee, Secretary of the Provincial Party Committee, Chairman of the Provincial People's Council, Head of the Provincial National Assembly Delegation. Also attending were comrade Pham Trong Hoang - Member of the Provincial Party Committee Standing Committee, Chairman of the Provincial Party Committee Inspection Committee and a high-ranking delegation of Nghe An province including leaders of many departments, branches and localities.
The workshop was attended by Ambassador Nguyen Thanh Hai - Ambassador Extraordinary and Plenipotentiary of Vietnam to India. On behalf of the Indian Chamber of Commerce, there was Mr. Nikhil Kanodia - President of the North, Indian Chamber of Commerce (ICC). Also attending were representatives of the Indian Ministry of External Affairs and businesses and entrepreneurs.
Speaking at the workshop, Dr. Subhash Goyal - Chairman of the National Committee on Tourism, Aviation and Accommodation Services, Indian Chamber of Commerce (ICC) said: India and ASEAN have signed bilateral trade worth 131.5 billion USD in the financial year 2022-2023. Trade with ASEAN accounts for 11.3% of India's total global trade in the five financial years 2022-2023.
Bilateral economic and trade relations need to be strengthened between India and ASEAN countries to improve strategic relations. Improved relations will not only strengthen the economies of the countries but also benefit sectors in all aspects, ensuring sustainable development.
He said: One potential area of cooperation for both Vietnam and India is healthcare. Vietnam has stressed the importance of linking economic growth with comprehensive healthcare, where 80% of the population will be covered by health insurance.
India, since 2011, has also focused on providing affordable and accessible health insurance to the vulnerable sections of the society. Hence, a potential area of cooperation in the health care sector through public-private partnerships can be explored by the two countries.
Energy is an important sector in Vietnam, where the country is forecasting a 10% to 12% increase in electricity demand each year until 2030. Here, oil and gas exploration deals with Vietnamese companies have great potential. Furthermore, to reduce carbon and greenhouse gas emissions, the country should rely on renewable energy-led guidance.
In particular, according to Dr. Subhash Goyal, through improved organizations and policies, strengthening the decentralization process, building modern production and transportation infrastructure, Nghe An can promote a favorable business environment and encourage investment in the province.
He recommended that the province should prioritize the comprehensive development of human resources, science, technology and innovation, and promote its cultural values. “There is a need to focus on education and training and attracting high-quality human resources. There is a huge scope for cross-border start-up collaboration to encourage maximum innovation,” Dr. Subhash Goyal said.
Along with that, to ensure the smooth movement of skilled labor to encourage capital and human capital investment, the Chairman of the National Committee on Tourism, Aviation and Accommodation Services, Indian Chamber of Commerce suggested: Provinces and countries need to facilitate visa authorization systems. This will help workers move easily and voluntarily.
“I am truly happy to witness the growing cooperation between Indian and Vietnamese companies, and the Indian Chamber of Commerce is looking forward to an ever-growing bilateral business relationship between the two countries in the coming years,” said Dr. Subhash Goyal.