An Indian business group has expressed interest in investing in the country's airport, road, and energy sectors as the Marcos
An Indian business group has expressed interest in investing in the country’s airport, road, and energy sectors as the Marcos administration continues to strengthen its “Build Better More” program.
President Marcos said he is impressed with the GMR’s credentials, citing that the Indian firm would be a huge asset in the country’s development of its airports, roads, and energy infrastructures.INDIAN INTEREST. President Ferdinand R. Marcos Jr. meets with the leaders of the GMR Group, an Indian conglomerate, to discuss the administration’s ‘Build Better More’ program at the sidelines of the 2023 Asia Summit in Singapore on Friday, With the President is Speaker Martin Romualdez .
“And we want that especially when it comes to travel, tourism, business travel, etc. We want it to increase as much as possible. I’m glad that you are looking at the Philippines,” the President added. “The group started in 1978 by Mr. GM Rao, my father-in-law, his father. And they have commendable businesses. In 1994, we went into highways. In 1999, when India privatized [the] airports, we build airport, six airports in India,” Bommidala told the President.Moreover, Cavitex Holdings CEO Leonides Virata, GMR’s local partner, and Sangley Consortium lead, said the Indian firm views Sangley’s potential in resolving airport congestion issues in the Philippines.
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