India Seeks More Cooperation With Vietnam in Four Key Sectors

Hanoi: President Ram Nath Kovind on Monday called for more cooperation between India and Vietnam in the areas of agriculture, pharmaceuticals, textiles and IT. “Agriculture has been a key sector of our cooperation involving trade, investment and training,” Ram Nath Kovind said while addressing the Vietnam-India Business Forum here. “We feel privileged to have supported the Vietnamese agricultural revolution through the establishment of Cuu Long Rice Research Institute,” he said. Stating that Vietnam is a huge agricultural economy with agro-marine-forestry exports surpassing $35 billion last year, Kovind said that agricultural products already occupy over 45 per cent of India-Vietnam bilateral trade. The President also said that the Indian pharmaceuticals industry, the third largest in terms of volume and the world’s largest provider of generic drugs, can partner Vietnam in providing quality health-care, medicines and medical devices for the public health system at an affordable cost. He also highlighted significant opportunities between the two sides in the oil and gas, power, infrastructure and renewable energy sectors. (IANS)

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