NEW DELHI, India—Expect more Filipino-Indian business ventures with the renewal of a memorandum of understanding (MOU) between the Federation of Indian Chambers of Commerce and Industry (FICCI) and the Federation of Indian Chambers of Commerce Philippines Inc. (FICCI PH).
Signed at the Taj Mahal Hotel on August 6 during the State Visit of President Ferdinand R. Marcos Jr., the MOU strengthens cooperation on promoting trade missions, exchanging information, and facilitating partnerships between Filipino and Indian businesses.
Trade and Industry Secretary Cristina A. Roque, who witnessed the signing, underscored the long-term benefits of the renewed partnership.
“This partnership is a strong symbol of the growing economic ties between the Philippines and India. It reflects our shared commitment to advancing trade, promoting investment, and creating more opportunities for collaboration between our business communities,” Secretary Roque said.
The MOU builds on a similar agreement first signed in 2019 and expands cooperation to include information-sharing on trade regulations, support for policy advocacy, and coordinated efforts to host delegations and business forums. By formalizing these channels, Filipino and Indian companies are expected to gain faster access to each other’s markets and benefit from simplified procedures for trade and investment activities.
The DTI said the renewed partnership complements ongoing initiatives to position the Philippines as a strategic hub for manufacturing, services, and technology-driven enterprises in the region—sectors where Indian companies have shown growing interest.
“Whether through trade promotion, investment facilitation, or market access initiatives, we will continue to support efforts that benefit both our economies and contribute to inclusive, sustainable growth,” Roque added.
The renewed MOU comes as both nations explore opportunities in sectors ranging from pharmaceuticals and information technology to agribusiness and consumer goods, areas where synergies between Indian innovation and Philippine market potential are increasingly being recognized.
