Duterte says he invited Indian businessmen to invest in PHL telecommunications industry

“India is also interested,” he says

(Eagle News) —┬áPresident Rodrigo Duterte on Tuesday said he invited Indian businessmen to invest in the country’s telecommunications industry.

The President made the announcement in a speech before members of the Federation of Indian Chambers of Commerce Philippines Inc.

“India is also interested to enter the telecom industry. We are considering and invited them in my talks with the businessmen of India during my official visit,” he said, referring to his visit to New Delhi in January.

After the trip, authorities announced they had secured investment pledges amounting to $1.25 billion from India.

According to the President, the government was committed to protecting everybody, including Indian businessmen.

“Just do the right thing. Pay the right taxes and you are freed. That is now me talking to you,” he said.