(Bandar Seri Begawan, 14th) The Brunei Economic Development Board (BEDB) hosted an investment forum for a delegation composed of more than 20 Indian companies.
This delegation was inspired by the foreign direct investment (FDI) interest of the investment seminar organized by the Brunei Economic Development Board in Chennai, India, and visited Brunei to explore opportunities for direct investment (FDI).
A delegation comprised of more than 20 Indian companies, spurred by the FDI interest from an investment seminar organized by the Brunei Economic Development Board (BEDB) in Chennai, India, visited Brunei to explore FDI opportunities.
At the forum, Indian companies explored investment opportunities aligned with Brunei's diversification agenda. The forum showcased Brunei's five priority industries: downstream oil and gas; food; services; tourism; information and communication technology. Presentations on Brunei’s digital master plan, government-linked companies, and Brunei’s free trade agreements provided insights for the Indian delegation.
After the forum, a carefully planned networking session was held to facilitate partnerships between Indian companies and major stakeholders in Brunei, including local businesses, regulators, and support institutions.
Asif Iqbal, the President of the Indian Economic Trade Organization (IETO), expressed optimism about the visit, emphasizing its significance as a reciprocal initiative following the recent visit by India’s Prime Minister to Brunei.
He noted that the inaugural direct flight between Brunei and Chennai, along with active engagement by the Brunei Economic Development Board, has made it easier for Indian businesses to access Brunei. The delegation was impressed by the favorable business environment, including clean and green surroundings, English-speaking population, and supportive regulations.
Indian enterprises are keen to establish businesses in Brunei, particularly small and medium-sized enterprises seeking to expand into Southeast Asian markets. The delegation is drafting proposals for doing business in Brunei, while the Brunei Economic Development Board hopes for more visits of this kind in the future.
The delegation attended a welcome dinner at a hotel in Gadong.
Dato Seri Setia Dr. Awang Haji Mohd Amin Liew Abdullah, Minister at the Prime Minister’s Office and Second Minister of Finance and Economy, attended the dinner representing the Chairman of the Brunei Economic Development Board.
The Brunei government, through the organization of this exchange delegation by the Brunei Economic Development Board and by providing a conducive environment for businesses, demonstrates its determination to attract foreign investment.
The Indian business delegation marks an important step in strengthening economic ties between Brunei and India. It opens doors for cooperation and investment, contributing to economic diversification and development.
This delegation was inspired by the foreign direct investment (FDI) interest of the investment seminar organized by the Brunei Economic Development Board in Chennai, India, and visited Brunei to explore opportunities for direct investment (FDI).
At the forum, Indian companies explored investment opportunities aligned with Brunei's diversification agenda. The forum showcased Brunei's five priority industries: downstream oil and gas; food; services; tourism; information and communication technology. Presentations on Brunei’s digital master plan, government-linked companies, and Brunei’s free trade agreements provided insights for the Indian delegation.
After the forum, a carefully planned networking session was held to facilitate partnerships between Indian companies and major stakeholders in Brunei, including local businesses, regulators, and support institutions.
Asif Iqbal, the President of the Indian Economic Trade Organization (IETO), expressed optimism about the visit, emphasizing its significance as a reciprocal initiative following the recent visit by India’s Prime Minister to Brunei.
He noted that the inaugural direct flight between Brunei and Chennai, along with active engagement by the Brunei Economic Development Board, has made it easier for Indian businesses to access Brunei. The delegation was impressed by the favorable business environment, including clean and green surroundings, English-speaking population, and supportive regulations.
Indian enterprises are keen to establish businesses in Brunei, particularly small and medium-sized enterprises seeking to expand into Southeast Asian markets. The delegation is drafting proposals for doing business in Brunei, while the Brunei Economic Development Board hopes for more visits of this kind in the future.
The delegation attended a welcome dinner at a hotel in Gadong.
Dato Seri Setia Dr. Awang Haji Mohd Amin Liew Abdullah, Minister at the Prime Minister’s Office and Second Minister of Finance and Economy, attended the dinner representing the Chairman of the Brunei Economic Development Board.
The Brunei government, through the organization of this exchange delegation by the Brunei Economic Development Board and by providing a conducive environment for businesses, demonstrates its determination to attract foreign investment.
The Indian business delegation marks an important step in strengthening economic ties between Brunei and India. It opens doors for cooperation and investment, contributing to economic diversification and development.