President Ferdinand Marcos Jr. on Thursday, Aug. 7, witnessed the presentation of 18 business agreements between Philippine and Indian companies, marking a major step in strengthening economic ties and promoting innovation-led growth.
The deals were unveiled during the Philippine-India Business Forum at the Taj West End hotel, part of Marcos Jr.’s 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,” said Trade Secretary Cristina Roque.
“They are tangible outcomes of our collaborative efforts and will serve as the foundation for ongoing and future business engagements between our two nations,” she added,
The agreements—comprising Memoranda of Understanding (MOUs) and Letters of Intent (LOIs)—highlight India’s interest in expanding operations in the Philippines, citing the country’s skilled workforce, strong investment climate, and strategic location.
Key deals include a flagship MOU for a waste-to-energy facility; LOIs for establishing digital academies and expanding healthcare outsourcing, AI training, and BPM operations; projects in telecom tower construction, precision metal manufacturing, and copper smelting and refining; MOUs in digital finance, real estate, and sustainable logistics; and LOIs for dialysis center expansion, clinical outsourcing, and fuel cell tech.
The event closed with an agreement to boost digital collaboration between Filipino and Indian tech firms, reinforcing a shared commitment to sustainability and inclusive growth.IMT
