Over 100 companies participated in a virtual presentation on ‘Trade and Investment Opportunities between India and Brunei Darussalam – Post COVID-19’ hosted by the High Commission of India to Brunei Darussalam and the Ministry of Finance and Economy Brunei (MoFE) with the participation of the Federation of Indian Export Organisations (FIEO)and DARe (Darussalam Enterprise) yesterday.
Indian High Commission to Brunei Darussalam Charge d’ Affaires Alok Verma welcomed FIEO’s initiative aimed at strengthening bilateral trade and investment.
He said that there is immense potential and scope for bilateral collaboration in the sectors identified by FIEO and the MoFE such as auto, machinery and mechanical appliances, food and agriculture, construction and allied products, downstream oil and gas, manufacturing and related services, food (including import of related machinery), tourism and info-communication technology.
He said this was in line with the Brunei Vision 2035’s long-term development plan, adding that renewable energy, e-vehicles, healthcare and pharmaceutical sectors should also be on the priority list.
He underlined that endeavours should be to facilitate expansion of the two-way trade for mutual benefit.
CEO of DARe Javed Ahmad highlighted the areas for potential collaboration and investment and invited Indian companies to take advantage of Brunei’s strategic location and available opportunities to expand their trade and investment in the country and beyond for mutual benefit.
Chairman of Brunei Darussalam International Chamber of Commerce and Industry Haji Shazali bin Dato Haji Sulaiman; President of the Indian Chamber of Commerce in Brunei Nazeer Ahmad Zackiriah; General Manager of Serikandi Group of Companies Shamir Salahuddin and Founder and CEO of Polygel Global Luv Shah made precise and informative presentations on potential areas where the business entities of the two countries can work together. President of Brunei Malay Entrepreneurs Dr Haji Abdul Latif Chuchu, CEO of Serikandi Group of Companies Revi Bhaskaran, Ya Nur Trading Company – FMCG Trading and Aquaculture, Esca Marine and Engineering Sdn Bhd and Haji Adinin and Sons (B) Sdn Bhd also made presentations.
Vice-President of FIEO Khalid M Khan said the event was useful for the participants to understand the structure of bilateral trade and available business opportunities in the economic environment.
