The event was held by the Export-Import Bank of India (Exim Bank), the Vietnamese Embassy to India, and the Bharat Chamber of Commerce in Kolkata to help disburse the 85-million-USD package from the Indian government to CLMV countries.

It attracted about 70 Indian enterprises, including the Nipha Group, Atha Group, Emami Group, Schneider Electric India, and Haldia Petrochemicals.

Speaking at the event, Vietnamese Minister Counsellor Tran Quang Tuyen spoke highly of India’s investment in the CLMV region, particularly Vietnam.

He pointed out Vietnam’s advantages over other nations, noting that the country enjoys social and political stability, competitive labour costs and is trade partners with several developing economies.

Exim Bank General Director Mukul Sarka said Vietnam has huge potential for development with improved infrastructure, transportation and labour.

He encouraged Indian businesses to invest in Vietnam to take advantage of the Free Trade Agreements between Vietnam and large trade partners.