A multinational conglomerate from India has plans to build a US$50 million coffee plant in Binh Duong, Indian Ambassador to Vietnam Parvathaneni Harish announced during his visit to the southern province on Friday.
As part of the visit, Ambassador Harish and Consul General Smita Pant met with Secretary of Binh Duong Party Committee Tran Van Nam and the provincial chairman Tran Thanh Liem, discussing cooperation in the fields of information technology, renewable energy and capacity building.
With Indronil Sengupta, a representative of Indian conglomerate TATA among the attendees, the Indian ambassador informed Binh Duong authorities of the group’s proposal to invest $50 million on setting up a freeze dried instant coffee plant in the province.
The plant is expected to be located at the VSIP-II Industrial Park, with a capacity of 5,000 tons per annum, the Consulate General of India said in a press release on Friday.
The Indian ambassador also invited the provincial leaders to participate at the forthcoming Cambodia-Laos-Vietnam-Myanmar Business Conclave in Jaipur, India later this month.
Following meeting with local officials, Ambassador Harish also paid a visit to the VSIP-I Industrial Park, touring the manufacturing facility of Godrej Vietnam.
Specializing in steel furniture items, Godrej Vietnam is the first Indian investment in Binh Duong, initiated two decades ago in the province.