Indian investors set sight on Nigeria’s non-oil sector
The Confederation of Indian Industry, made up of Indian investors, led by the Vice President of India, Mohammad Ansari, recently met with members of the organised private sector in Lagos on Friday to discuss investment deals in the non-oil sector of the Nigerian economy.
The Indian investors in farming equipment suppliers, food processors, energy and solid mineral firms, construction firms, healthcare practitioners, town planners and others had earlier on Thursday met with members of the Nigerian OPS in Abuja to discuss greater collaboration between Nigerian and Indian businesses operating in the sector.
President of LCCI, Dr. Nike Akande, in an opening address at the occasion tagged “Nigeria-India Business Meeting”, stated that bilateral relations between Nigeria and India had expanded in recent years with both nations building strategic and commercial ties.
She said, “Nigeria is currently India’s largest trading partner in Africa. According to statistics from Nigeria, India is now Nigeria’s largest market for exportable goods overtaking the United States which was Nigeria’s largest export destination since 1964.
“The visit of the Vice President of India to Nigeria in the last few days is an indication that recent economic developments have further strengthened relations between the two countries. The presence of a large Indian expatriate community in Nigeria also shows that Nigeria has become a home for many Indians in West Africa”.
Mr. E.B. Rajesh, Regional Director, Africa, CII, said the meeting with LCCI was important because of the huge investment India has in Nigeria and the relationship it has with LCCI.
RECOMMENDED ARTICLES
Comment
No comments found.