Mr. Ho Duc Phoc - Secretary of Provincial party committee works with investors in India

(Baonghean.vn) - May 29, the delegation of provincial leaders led by Mr. Ho Duc Phoc - Secretary of Provincial party committeevisited and worked with Indian investors together with Mr. Huynh Thanh Dien - Vice Chairman of Provincial People’s Committee and Mr. Vo Van Hai - Southest economic region’s Department Manager.

Indian investors as Mr. Bohra - Chairman of Bohra Industries Ltd; Mr. Patil - Chairman - Chairman of PNP Maritime Service PVT Ltd joined the meeting in Mumbai city.

Mr. Ho Duc Phoc exchanges with investors

At the meeting, Mr. Ho Duc Phoc highlighted the potentials and strengths, the sectors in which the province is seeking investments as well asprioritizing investors mechanisms and policies of Nghe An.

Both Indian investors and Nghe An leaders unanimously approved date and construction progress of Indian investors’ projects in Dong Hoi Industrial Zone, including general port project in Dong Hoi - invested by PNP Maritime Services PVT. LTD with a total capital of 50 million. The port wouldhave a final capacity of 5 million tons/year and the construction is expected to start in 2016. Also, Super Phosphate fertilizer and marble factory project with $30 million of investment capital divided to 2 phases, capacity: 400,000 tons/year; Ethanol Production factory project ($4 million); 2 Specialized ports project ($10 million). All invested by Bohra Industries Corporation Ltd.

Two sides agreed research investment factory of medicines, factory of tour boats, rescue, patrol, fishing.

The proposal issue of investor as providing electricity and water, charging land clearance compensation ... would be focus points that leaders of Nghe An province carefully meditate and quickly resolve for the projects to be started soon.

Mr. Ho Duc Phoc also invited investors to visit andconduct surveys for investment projects in Nghe An in the future - invitation that was gladly accepted by investors and the trip is supposed to be held in June 2015 for investment research. Leaders of Nghe An pledged to fully implement seeking investment policies and mechanisms to make sure that Indian investors would enjoy the cooperation with Nghe An province.

Vo Van Hai (Southest economic region’s Department Manager, email from India)