Indo Latin American Chamber of Commerce & VPVV Techno Construction Pvt. Ltd. Signs Landmark Agreement to Propel India’s Vision of Becoming a Viksit Bharat by 2047
Indo Latin American Chamber of Commerce is Recognised by Govt. Of India
The Indo-Latin American Chamber of Commerce (ILACC) and VPVV Techno Construction Pvt. Ltd. signed a landmark agreement at the Constitution Club of India, marking a significant step in driving India’s vision of becoming a Viksit Bharat by 2047.
The agreement, valued at USD 10 billion, focuses on large-scale investments in India, including the Industrial Corridor Development Program, Semiconductor Mission, National Logistics Policy, Production Linked Incentives (PLI) Scheme, Make in India and Made From India and many other initiatives focused towards defense and infrastructure development.
Minister of State, Mr Tokhan Sahu from the Ministry of Housing and Urban Affairs attended the agreement signing ceremony alongside global dignitaries, including Lalatiana Accouche, High Commissioner of Seychelles to India, Morille Nsilu, High Commissioner of the Democratic Republic of Congo, Zakaria Traore, First Counselor, Guinea Embassy, Sekou Condé, Economic Counselor, Guinea Embassy, and H.E. Juan Angulo, Ambassador of the Republic of Chile emphasizing the international importance of this landmark partnership.
Global Support and Strategic Importance:
The presence of U.S. dignitaries and ambassadors at the signing ceremony highlights the global importance of this partnership. It also reinforces India’s growing significance in the international arena, with Latin American and North American stakeholders showing strong interest in supporting the nation’s ambitious development goals. This agreement will deepen ties between India and the Latin American region and serve as a strategic bridge for future economic cooperation between India and global economies.
Mr Raj Kumar Sharma, President of the Indo-Latin American Chamber of Commerce (ILACC) Recognised by The Govt. of India, highlighted, “Today’s agreement is not just a financial commitment; it’s a strategic alignment reinforcing our dedication to India’s development goals. We are incredibly proud to partner with VPVV Techno Construction Pvt. Ltd. to substantially contribute to India’s defense and infrastructure sectors. Our joint efforts will significantly accelerate the country’s progress towards becoming a Viksit Bharat by 2047.”
This agreement marks the beginning of a long-term partnership aimed at fostering sustainable development across critical sectors in India. It represents a shared vision between ILACC and VPVV Techno Construction, where both organizations are committed to playing a pivotal role in India’s journey to becoming a global powerhouse. The partnership is expected to drive employment, enhance technological growth, and attract additional foreign investments, all of which are key elements in making India the third-largest economy and propel towards the mission of Viksit Bharat by 2047.
Mr Venkita Venkat, Chairman of VPVV Techno Construction Pvt. Ltd., expressed enthusiasm as he stated “This partnership represents a major leap forward for both organizations. VPVV Techno Construction Pvt. Ltd. is deeply invested in India’s future, and through this agreement, we aim to support the nation’s infrastructural and defense capabilities to ensure sustainable growth. We are confident that our combined efforts will contribute significantly to making India a global leader.”
Mr. Yeleti Padmaraj Gopal, Chief Strategist of VPVV Techno Construction Pvt. Ltd., is the main architect for this collaboration who worked tirelessly to make this collaboration happen between both of the organizations.
The signing of this collaboration is just the beginning of what promises to be a dynamic and long-lasting partnership. Both ILACC and VPVV Techno Construction Pvt. Ltd. are committed to supporting India’s ambitious growth plans across various sectors. It is expected to generate thousands of jobs, stimulate innovation, and increase India’s GDP. Additionally, it sets the stage for future collaborations with international partners, attracting more investments and driving India closer to its goal of becoming the third-largest economy in the world.
About Indo-Latin American Chamber of Commerce (ILACC):
The Indo-Latin American Chamber of Commerce (ILACC) is an international chamber of commerce dedicated to making the people aware of the Indian Government’s Policies applicable to Latin America, Carrabin Countries & Globally. They work with close cooperation and guidance with the Ministry of External Affairs as well as the Ministry of Commerce to grow Indian export, trade, and investment as per policy laid down by the Indian Government for this region and vice-versa. They also organize B2B events after having discussions with the ministries and their consent and guidance from time to time and work in the close guidance of various ministries and its officials of the Government of India. They are trade partners for global trade, policy, and advocacy.
About VPVV Techno Construction Pvt. Ltd.:
VPVV Techno Construction Pvt. Ltd. is a leading company with deep roots in South India. They began their journey in 2014 and have been delivering world-class projects that contribute to the nation’s economic growth and development. With a focus on cutting-edge technology and innovation, VPVV is committed to building a future-ready India and will continue striving to make every Indian proud, ensuring that by 2047, we have fulfilled the dreams of a truly developed and self-reliant nation.