New prospects for cooperation and investments: Moldova and India

By Ion Vinaga Business
05 Dec 2018 @ 02:38
2509

Ion Vinaga, a businessman, investor and founder of several national and international companies, had a meeting on December 4, in London, with Cyrus Vandrevala, co-founder and Vice Chairman of Intrepid Capital Partners LLC, investor in private companies, founder of numerous companies in USA, Russia, India and the Middle East, a well-known international philanthropist, co-founder of the Vandrevala Foundation.

At the meeting, the beginnings of the negotiations and the main objectives for the next period were defined. Particular attention was paid to the establishment of trade and economic relations between the Republic of Moldova and India, highlighting the existing potential and pointing out concrete actions in this segment. The possibility of a Moldovan producer to enter the Indian market of fruit and wine was also discussed. Currently, the main supplier of the Indian apple market is Poland, which annually exports about 100 thousand tons. “I have tried to present all the positive characteristics of the Moldovan product, which is valued not only on the local market, but also abroad. By consolidating domestic producers and establishing an efficient export mechanism, we can ensure supplying of about 100 thousand tons of apples per year to the Indian consumers,” said Ion Vinaga.

In this context, the prospects for creating an innovative regional logistics center were discussed. This center would combine all stages of agricultural processing and thus solve many problems that our local producers and suppliers face every year. All innovative technologies will be used in this center; it is also supposed to install equipment for sorting, calibration, packaging, shock freezing, refrigeration units for storage and simultaneous processing of 15 to 20 thousand tons of products.

Another priority would be the creation of an advanced IT research center, which would enable the consolidation of young IT specialists, make it possible to conduct training and retraining of various specialists from the private and public sector, so that they keep up with time and acquire the new technologies. At the same time, this center will allow to export IT services, develop digital applications and test programs for AI, ensure cyber security in the digital data exchange process between private companies and government agencies.

In this respect, creating a platform for attracting investments in the Republic of Moldova, which was discussed and established at the meeting, would be very timely and beneficial for our country in different areas, such as IT, banking and insurance. "Our primary task is to attract investments and create a favorable entrepreneurial atmosphere for investors. We need concrete measures to stimulate entrepreneurship and improve the investment climate, which reflects an  investment attractiveness of the country, as well as its international image. We express our interest in taking over the experience of Mr. Vandrevala and his companies in various fields. I am confident that this experience would encourage the Moldovan business community and attract the attention of foreign investors," stressed Ion Vinaga.

In turn, Mr. Cyrus Vandrevala confirmed his openness in establishing cooperative relations. “When attracting investments, special attention is paid to the geographical position of the country, skilled labor, fertile soils, participation of the country in certain trade areas, etc. We are ready to help the Republic of Moldova in attracting investments, ranging from $ 100 million to $ 1 billion for the development of the agro-industrial, banking, IT, cultural, sports and scientific fields,” said Mr. Vandrevala.

The parties agreed to jointly participate in the World Economic Forum in Davos, which will be held from January 22 to 25, 2019.

At the end of the discussion, Mr. Vandrevala congratulated the people of Moldova on the upcoming winter holidays.

 

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