Business

HCM City looks to bolster waste treatment cooperation with Indian firm

Vice Chairman of the Ho Chi Minh City People’s Committee Vo Van Hoan on May 4 met with Alla Ayodhya Rami Reddy, a member of the upper house of India, who was leading a business delegation, including representatives of the Ramky Group, to the city to explore cooperation chances in waste treatment.
HCM City looks to bolster waste treatment cooperation with Indian firm ảnh 1The meeting between Vice Chairman of the Ho Chi Minh City People’s Committee Vo Van Hoan and parliamentarian Alla Ayodhya Rami Reddy on May 4. (Photo: VNA)
HCMCity (VNA) – Vice Chairman of the Ho Chi Minh City People’s Committee VoVan Hoan on May 4 met with Alla Ayodhya Rami Reddy, a member of the upper houseof India, who was leading a business delegation, including representatives of the Ramky Group, to the city to explorecooperation chances in waste treatment.

Thehost official said HCM City welcomes Indian enterprises coming to exploreopportunities and make long-term investment and business. It is always ready tocreate the best possible conditions for Indian firms to invest in industrialpark infrastructure and convert old industrial parks into the ones that applymodern and advanced technologies.

TheRamky Group’s intention to build a hi-tech waste treatment plant highly matchesthe demand and development orientations in the city and Vietnam as a whole, Hoansaid, adding that HCM City highly values Indian businesses’ experience andtechnological capabilities in waste treatment.

HCMCity hopes that Ramky will consider, give advice, and implement waste treatmentprojects at existing landfill sites while constructing a large-scale wastewatertreatment system for the city, according to the Vice Chairman.

Forhis part, Reddy, who is also the founder of Ramky, affirmed his wish to enhancecooperation with HCM City and other southern localities of Vietnam in the treatmentof urban, medical, and industrial waste, along with wastewater, by usingadvanced technology.

Thegroup looks to raise its investment in Vietnam to 1 billion USD from theinitial 150 million USD committed in a memorandum of understanding oncooperation signed in December 2021, he noted.

Speaking highly of HCM City’s vision on urban waste treatment, he stated thatRamky possesses sufficient experience, technology, and resources and wishes totake part in the city’s vision planning, especially in building waste treatmentplants and transforming existing landfill sites into areas with new valueserving local residents.

Thegroup also hopes to seek investment opportunities in developing industrial parkinfrastructure and pharmaceutical technology, Reddy added.

DuringNational Assembly Chairman Vuong Dinh Hue’s visit to India in December 2021,Ramky and the Film SKC Vietnam Co. Ltd signed an MoU on waste-to-energy cooperationworth 150 million USD./.
VNA
#Ho Chi Minh City#India#Ramky Group#waste treatment#wastewater treatment#industrial park infrastructure#pharmaceutical technology#updated Vietnam news#Vietnamplus#Vietnam News Agency
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