Daily TribuneIBF is a non-profit organization, which acts as a think tank to and voice of the Indian Businesses in the Philippines, as well as a focal point for engagement with interested Philippine businesses with the aim of promoting India-Philippines bilateral economic relations.
India and the Philippines have entered a new phase in their economic relations with the volume of trade marking a new milestone.
The last fiscal year registered a trade volume in surplus of $3 billion.
Both India and Philippines are young fast growing democratic economies with immense potential for mutually beneficial collaboration.
Several Indian businesses across a range of sectors are already contributing to the positive growth story of the Philippines.
As part of its commercial outreach activities, the Embassy of India in Manila organizes business roadshows in different parts of the Philippines to generate awareness and apprise local government, authorities, businesses and other stakeholders in the Philippines about the successes of the Indian businesses.
The Embassy of India is now in Cebu, the hub of commercial activity in Central Visayas, for the India Business Roadshow, Cebu edition.
The Cebu Roadshow was organized last month in partnership with the Cebu Chamber of Commerce and Industry and the India Business Forum.
IBF is a non-profit organization, which acts as a think tank to and voice of the Indian Businesses in the Philippines, as well as a focal point for engagement with interested Philippine businesses with the aim of promoting India-Philippines bilateral economic relations.
The CCCI has mobilized the participation of local businesses from the province and the IBF has mobilized participation from the Indian businesses across various sectors.
In consultation with CCCI and IBF, the roadshow focused on prominent sectors that hold potential for partnership based on complementary strengths and comparative advantages: agriculture, energy and infrastructure, healthcare and pharmaceuticals, IT- BPO/BPM and innovative tech solutions, and tourism.
More than 20 Indian businesses in the identified sectors participated in the roadshow to showcase their products and solutions.
Cebu Roadshow was a two-day event and included expert panel discussions, B2B meetings, presentations and showcasing by the participating Indian businesses, signing of a memorandum of understanding between CCCI and IBF and goodwill contribution by the Indian businesses.
