BANDAR SERI BEGAWAN, April 16 (Xinhua) -- Brunei's pro-business policies, political stability, and commitment to sustainability make the nation an ideal partner for Indian companies looking to mitigate risks and capitalize on new opportunities, a Brunei official has said.
Economic diversification is at the heart of the Brunei Economic Development Board (BEDB)'s mission supporting Brunei Vision 2035 for a dynamic and sustainable economy, BEDB Acting Chief Executive Officer Daniel Leong told a group of Indian businessmen on Monday.
"Brunei stands guided with the Economic Blueprint to develop our priority sectors in petrochemical, food, infocommunications technology, services and tourism," he said.
This demonstrates the strong potential for further business partnerships, he said, adding that for local businesses, this presents an opportunity to collaborate with Indian investors and integrate into regional supply chains.
According to Leong, two Indian foreign direct investment (FDI) projects are already in operation in Brunei, and several additional projects were recently approved in the oil & gas downstream, food, and services sectors. ■
