India-CLMV Business Conclave

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23-May-2018: 5th India CLMV Business Conclave held at Phnom Penh, Cambodia

The Ministry of Commerce & Industry, Government of India along with Ministry of Commerce of Cambodia organized the 5th India-CLMV Business Conclave in Phnom Penh on 21-22 May 2018.  After four rounds of the Business Conclave in India, this initiative was brought by Department of Commerce of Government of India to Cambodia for greater participation from the region. The Confederation of Indian Industry (CII) is the institutional partner of the event.

The inaugural session of 5th India CLMV Conclave was presided over by Deputy Prime Minister of Kingdom of Cambodia and was attended by Suresh Prabhu, Minister of Commerce and Industry of Government of India.  Ministers of Commerce and Industry and Trade of Cambodia, Myanmar, Vietnam and Lao PDR were also present on this occasion. Ministerial and business delegations from India, Cambodia, Myanmar, Vietnam and Laos consisting of about 400 delegates participated in the inaugural programme.

Suresh Prabhu in his address emphasised the need for strengthening India CLMV business and trade relations. He highlighted the need for greater connectivity, promoting small and medium enterprises, harnessing the opportunities in service sector especially health care, tourism, transportation, and logistics.  He stressed upon the need to promote productivity and value addition in agriculture to address livelihood and employment issues.

The Commerce Minister urged the Indian business leaders to make more investments in the CLMV region, considering that it is a gateway to the entire ASEAN and provides an access to the huge markets of these countries. In order to institutionalize the bilateral business to business engagements of India with each of the CLMV countries India’s Commerce Minister proposed setting up of an India Cambodia Chamber of commerce with the institutional partnership between CII and Cambodian Chamber of Commerce.

He also proposed setting up of similar bilateral business forums in Vietnam and Laos. Suresh Prabhu also announced expanding funding support to the India CLMV business conclave and for holding India CLMV business expositions every year beginning from next year. This will further strengthen collaboration between traders and exporters of these countries.

The inaugural session was followed by plenary and country sessions which focussed on sectors such as SME, manufacturing, agriculture, plantation, fisheries and related industries, healthcare, education, information technology and skill development.  The business conclave provided an opportunity for developing better understanding of CLMV economies which have untapped potential for development and which offer more scope for enhancement of economic engagement with India.

Pin It
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23-May-2018: 5th India CLMV Business Conclave held at Phnom Penh, Cambodia

The Ministry of Commerce & Industry, Government of India along with Ministry of Commerce of Cambodia organized the 5th India-CLMV Business Conclave in Phnom Penh on 21-22 May 2018.  After four rounds of the Business Conclave in India, this initiative was brought by Department of Commerce of Government of India to Cambodia for greater participation from the region. The Confederation of Indian Industry (CII) is the institutional partner of the event.

The inaugural session of 5th India CLMV Conclave was presided over by Deputy Prime Minister of Kingdom of Cambodia and was attended by Suresh Prabhu, Minister of Commerce and Industry of Government of India.  Ministers of Commerce and Industry and Trade of Cambodia, Myanmar, Vietnam and Lao PDR were also present on this occasion. Ministerial and business delegations from India, Cambodia, Myanmar, Vietnam and Laos consisting of about 400 delegates participated in the inaugural programme.

Suresh Prabhu in his address emphasised the need for strengthening India CLMV business and trade relations. He highlighted the need for greater connectivity, promoting small and medium enterprises, harnessing the opportunities in service sector especially health care, tourism, transportation, and logistics.  He stressed upon the need to promote productivity and value addition in agriculture to address livelihood and employment issues.

The Commerce Minister urged the Indian business leaders to make more investments in the CLMV region, considering that it is a gateway to the entire ASEAN and provides an access to the huge markets of these countries. In order to institutionalize the bilateral business to business engagements of India with each of the CLMV countries India’s Commerce Minister proposed setting up of an India Cambodia Chamber of commerce with the institutional partnership between CII and Cambodian Chamber of Commerce.

He also proposed setting up of similar bilateral business forums in Vietnam and Laos. Suresh Prabhu also announced expanding funding support to the India CLMV business conclave and for holding India CLMV business expositions every year beginning from next year. This will further strengthen collaboration between traders and exporters of these countries.

The inaugural session was followed by plenary and country sessions which focussed on sectors such as SME, manufacturing, agriculture, plantation, fisheries and related industries, healthcare, education, information technology and skill development.  The business conclave provided an opportunity for developing better understanding of CLMV economies which have untapped potential for development and which offer more scope for enhancement of economic engagement with India.

2017

24-Feb-2017: 4th India – CLMV Business Conclave

Commerce and Industry Minister Smt. Nirmala Sitharaman has said that trade with the CLMV countries grew from USD 1.5 bn to more than USD 10 bn in the last 10 years and expressed hope that India will be able to partner in more trade initiatives with these countries to develop a strong India-CLMV vertical within the ASEAN market. The 4th India – CLMV (Cambodia, Lao PDR, Myanmar and Vietnam) Business Conclave is being held in Jaipur. She invited both the Government and business community of these countries to actively partner in India’s initiative to strengthen manufacturing capacities, and stated that in India there is a good scope for improving trade in sectors like health and  wellbeing, manufacturing, agriculture, fisheries, skilling among others. The Minister indicated that there are clear verticals for India to facilitate trade with these countries like, organic agriculture produce from Myanmar, value added products from  coffee& pepper produce of Vietnam, two & three wheeler exports to Lao PDR etc. She highlighted that these countries can take advantage of the tremendous scope in India on skill resources across various sectors.  Smt. Sitharaman stated that the themes selected for deliberation during this Conclave have been carefully selected to integrate into each other’s economy.  

Cambodia, Lao PDR, Myanmar and Vietnam collectively, is the third largest economy in ASEAN, followed by Indonesia and Thailand.  Due to close proximity, India is looking to boost trade and investment with the CLMV region as part of the ‘Act East’ policy announced by the Prime Minister during the 12th India - ASEAN Summit in 2013.The CLMV conclave is an annual feature which provides an opportunity for Indian business leaders to interact with government and business stakeholders representing the four countries. The conclave facilitates to create and provide a platform for the decision makers from CLMV countries to interact with a range of Indian business companies involved in trading, manufacturing, processing, engineering, consultancy, construction etc.