BENGALURU— President Ferdinand R. Marcos Jr. on Thursday witnessed the ceremonial presentation of 18 business agreements between Philippine and Indian companies, marking a significant step forward in the two countries’ economic cooperation and shared commitment to innovation-led growth.
During the Philippine-India Business Forum held at the Taj West End hotel in Bengaluru, Department of Trade and Industry (DTI) Secretary Cristina Roque said the wide-ranging deals were tangible outcomes of strengthened cooperation between the Philippines and India, a key highlight of President Marcos’ five-day State Visit to India.
“These agreements cover a wide range of strategic sectors including renewable energy, infrastructure, healthcare, education, information technology and business process management, digital services, and manufacturing,” Roque said.
“They are tangible outcomes of our collaborative efforts and will serve as the foundation for ongoing and future business engagements between our two nations,” Roque added.
The agreements—composed of Memoranda of Understanding (MOUs) and Letters of Intent (LOIs)—highlight India’s growing interest in expanding operations in the Philippines and signal confidence in the country’s skilled workforce, robust investment climate, and strategic location in the region.
A flagship MOU was signed for the development of a waste-to-energy facility involving Philippine and Indian entities in infrastructure and clean energy development.
The IT-BPM sector featured prominently, with several LOIs outlining plans to establish digital academies and expand operations in healthcare outsourcing and business process management, and artificial intelligence training.
Other agreements included projects for telecommunications tower construction, expansion of precision sheet metal manufacturing, and a copper smelting and refining venture.
Three separate MOUs were also signed in the areas of digital finance, commercial real estate development, and sustainable last-mile logistics.
Additional LOIs were presented for the expansion of dialysis centers, clinical outsourcing services, and fuel cell technology ventures. The event concluded with an agreement to boost digital collaboration between Philippine and Indian technology partners.
The Philippine-India Business Forum concluded with optimism for deeper Philippines–India economic ties anchored on innovation, sustainability, and shared prosperity. | PND
