Philippines President identifies six priority sectors for long term collaboration with India

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Philippines President Ferdinand Romualdez Marcos Jr called for a greater partnership with India to boost prosperity and growth in Asia during the Philippines–India Business Forum in Bengaluru.Key Points:

• Focus Areas for Collaboration (6 Priority Sectors):
  1. Electric Vehicles
  2. Advanced Electronics
  3. Renewable Energy
  4. Agriculture
  5. Healthcare
  6. Cyber Security
• Philippines to pursue Preferential Trade Agreements (PTAs)with India to:
  • Enhance two-way trade
  • Encourage product diversification
  • Integrate supply chains
• Potential joint ventures in smart manufacturing, green metal, data analysis infrastructure, and shipbuilding.
• India’s expertise acknowledged in pharmaceuticals, R&D, digital technology, IT-BT, healthcare, and clean energy.
• 18 MoUs and LoIssigned by Indian companies for investments in the Philippines in:
  • Information Technology
  • Telecommunications
  • Waste-to-energy generation
  • Healthcare
  • Business Process Management
  • Digital infrastructure
    
    Updated Aug 7 2025, 7:52 PM — Source: NewsOnAIR