The Philippines and India sealed 18 business agreements on Wednesday, spanning renewable energy, digital services, infrastructure, manufacturing, healthcare, and education, as President Ferdinand R. Marcos Jr. continued the second leg of his state visit here.
The deals were presented to Marcos during the Philippines-India Business Forum.
According to Trade Secretary Cristina Roque, the deals reflect the deepening economic engagement between the two countries and signal strong investor confidence in the Philippines, especially in priority sectors such as Information Technology and Business Process Management (IT-BPM), energy, and digital innovation.
“These agreements cover a wide range of strategic sectors… and serve as tangible outcomes of our collaborative efforts,” Roque said.
“They will serve as the foundation for ongoing and future business engagements between the Philippines and India.”
Roque lauded the private sector for driving the momentum in bilateral ties.
“I want to extend my sincere commendations and gratitude to all the companies that worked tirelessly to make these agreements a reality,” she said.
Marcos is expected to meet with Indian business leaders and visit key tech and innovation hubs in Bengaluru, often dubbed as India’s Silicon Valley, before wrapping up his five-day state visit. (PNA)