MANILA — President Ferdinand R. Marcos Jr.witnessed the ceremonial presentation of 18 business agreements between Philippine and Indian companies, marking a milestone in the two nations’ efforts to strengthen economic cooperation and pursue innovation-led growth.

The event was held during the Philippine-India Business Forum at the Taj West End hotel in Bengaluru, where Department of Trade and Industry (DTI) Secretary Cristina Roque described the agreements as tangible outcomes of deepening bilateral ties—one of the highlights of Marcos’ 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,” Roque said.
“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.

Comprising Memoranda of Understanding (MOUs) and Letters of Intent (LOIs), the agreements reflect India’s growing interest in expanding its operations in the Philippines and show confidence in the country’s skilled workforce, strategic location, and sound investment climate.

Among the agreements was a flagship MOU for the development of a waste-to-energy facility between Philippine and Indian infrastructure and clean energy entities.

The information technology and business process management (IT-BPM) sector was a key area of focus, with several LOIs detailing plans for digital academies and expansion in healthcare outsourcing, business process operations, and AI training.

Other notable agreements include telecommunications tower construction, expansion of precision sheet metal manufacturing, and a copper smelting and refining project.

Three MOUs were also signed on digital finance, commercial real estate development, and sustainable last-mile logistics, while additional LOIs proposed the expansion of dialysis centers, clinical outsourcing, and ventures in fuel cell technology.

The forum concluded with a commitment to boost digital collaboration between Philippine and Indian technology companies, signaling optimism for deeper economic ties anchored in innovation, sustainability, and mutual growth.