2024/10/21 11:31 am
The Indo Latin American Chamber of Commerce and VVPV Techno Construction Signed an agreement valued at $10 billion at the Constitution Club of India. The agreement focuses on large-scale investments in India including the Industrial Corridor Development Program, Semiconductor Mission, National Logistics Policy, Production Linked Incentives Scheme, Make in India and Made from India and other initiatives focused towards defense and infrastructure development.
Minister of State, Mr Tokhan Sahu from the Ministry of Housing and Urban Affairs attended the agreement signing ceremony alongside global dignitaries, including Lalatiana Accouche, HighCommissioner of Seychelles to India, Morille Nsilu, High Commissioner of the Democratic Republic of Congo, Zakaria Traore, First Counselor, Guinea Embassy, Sekou Condé, Economic Counselor, Guinea Embassy, and H.E. Juan Angulo, Ambassador of the Republic of Chile emphasizing the international importance of this landmark partnership.
Global Support and Strategic Importance:
The presence of U.S. dignitaries and ambassadors at the signing ceremony highlights the global importance of this partnership. It also reinforces India’s growing significance in the international arena, with Latin American and North American stakeholders showing strong interest in supporting the nation’s ambitious development goals. This agreement will not only deepen ties between India and the Latin American region but also serve as a strategic bridge for future economic cooperation between India and global economies.
"Today’s agreement is not just a financial commitment; it’s a strategic alignment reinforcing our dedication to India’s development goals. We are incredibly proud to partner with VPVV Techno Construction Pvt. Ltd. to make substantial contributions to India’s defence and infrastructure sectors. Our joint efforts will significantly accelerate the country’s progress towards becoming a Viksit Bharat by 2047." said Mr Raj Kumar Sharma, President of the Indo Latin American Chamber of Commerce.
Mr Venkita Venkat, Chairman of VPVV Techno Construction Pvt. Ltd. sated while expressing enthusiasm over the partnership. "This partnership represents a major leap forward for both organizations. VPVV Techno Construction Pvt. Ltd. is deeply invested in India’s future, and through this agreement, we aim to support the nation’s infrastructural and defence capabilities to ensure sustainable growth. We are confident that our combined efforts will contribute significantly to making India a global leader.”
Mr Yeleti Padmaraj Gopal, Chief Strategist of VPVV technologies reiterated the importance of the partnership that it is prospected to created jobs, stimulate innovation, and increase India’s GDP. It also sets the precedent for future collaboration and partnerships, attracting lucrative investments and international partnerships.
About Indo Latin American Chamber of Commerce (ILACC):
The Indo Latin American Chamber of Commerce (ILACC) is an international chamber of commerce dedicated to making the people aware of the Indian Government’s Policies applicable to Latin America, Carrabin Countries & Globally. They work with close cooperation and guidance with the Ministry of External Affairs as well as the Ministry of Commerce to grow Indian export, trade and investment as per policy laid down by the Indian Government for this region and vice versa. They also organize B2B events after having discussions with the ministries and their consent and guidance from time to time and work in the close guidance of various ministries and its officials of the Government of India. They are trade partners for global trade, policy and advocacy.
About VPVV Techno Construction Pvt. Ltd.:
VPVV Techno Construction Pvt. Ltd. is a leading company with deep roots in South India. They began their journey in 2014 and have been delivering world-class projects that contribute to the nation’s economic growth and development. With a focus on cutting-edge technology and innovation, VPVV is committed to building a future-ready India and will continue striving to make every Indian proud, ensuring that by 2047, we have fulfilled the dreams of a truly developed and self-reliant nation.