Lao PDR Deputy PM Encourages Indian Investment to Enhance Bilateral Ties
Lao PDR deputy PM invites Indian businesses to tap growth opportunities
The Economic TimesImage: The Economic Times
Thongsavan Phomvihane, Deputy Prime Minister of Lao PDR, urged Indian businesses to explore investment opportunities in his country during his visit to India, coinciding with the 70th anniversary of diplomatic relations. He emphasized the need for strategic partnerships and highlighted Lao PDR's political stability and potential in eco-tourism.
- 01Thongsavan Phomvihane's visit marks the 70th anniversary of diplomatic relations between India and Lao PDR.
- 02He emphasized that Lao PDR seeks not just investors but strategic partners for mutual growth.
- 03Lao PDR is positioned as a politically stable country in Southeast Asia, ideal for foreign direct investment.
- 04The India-Laos Business Forum was hosted by the Indian Chamber of Commerce, attended by government officials and business leaders.
- 05Prashant Agrawal from the Ministry of External Affairs highlighted the historical significance of the visit and civilizational ties between the nations.
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During his visit to India, Thongsavan Phomvihane, the Deputy Prime Minister of Lao PDR, invited Indian businesses to explore the vast investment opportunities in his country, which is celebrating 70 years of diplomatic relations with India. Speaking at the India-Laos Business Forum in New Delhi, Phomvihane highlighted that Lao PDR is not only seeking investors but also strategic partners to foster economic growth. He noted the country’s political stability and strategic location in Southeast Asia, which makes it an attractive destination for foreign direct investment. The Deputy Prime Minister also pointed out the potential for collaboration in cultural and eco-tourism sectors. Prashant Agrawal, Additional Secretary in the Ministry of External Affairs, called the visit historic and emphasized the deep-rooted civilizational ties between India and Lao PDR, stating that these ties have fostered a strong foundation for diplomatic relations. The forum aimed to enhance economic cooperation between the two nations and was attended by key officials and business leaders from both countries.
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The invitation for investment could lead to increased economic cooperation and opportunities for Indian businesses in Lao PDR.
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