India-Lusophone Africa

Indian government prioritizes partnership with Mozambique

In a interview with the Mozambican newspaper “Notícias”, the outgoing High Commissioner of India in Mozambique Rajeev Kumar says the Indian Government considers Mozambique to be one of the priority partners in its cooperation with African countries.
Currently, Indian investments in Mozambique exceed 7.5 billion U.S. dollars, representing about 25 percent of the total invested by the Asian country in Africa. Rajeev Kumar justifies this amount with “the strong contribution of the companies OVL, BPCL and OIL India, members of the concessionaire that is exploring hydrocarbons, especially natural gas in Rovuma area 1”.“It is an important investment commitment because it will enable Mozambique’s future growth. We also have companies such as ICVL, JSW c TATA Steel involved in the coal sector, among others that are creating jobs and bringing foreign exchange, through exports, thus helping Mozambique’s  growth. Godrej’s investment through Weave Mozambique Lda, behind the Darling brand, has also created more than 3,000 jobs for Mozambicans.”
The source also highlighted his country’s openness for Mozambican entrepreneurs to explore investment opportunities in India.”The conditions are created. For example, almost all products from Mozambique can be exported to India tax-free under an existing trade preference agreement between the two countries. Business and work visas for India are also free,” he said.
Regarding the future of bilateral cooperation, the diplomat explained that it will be guided by the principles that guide cooperation India-Africa.
“Africa and Mozambique in particular will be at the top of our priorities, intensifying and deepening our commitment to the continent. Our development partnership will be guided by the priorities of African countries such as Mozambique, building local capacity and creating as many local opportunities as possible. We will keep our markets open and we will make it easier and more attractive to trade with India, encouraging our industry to invest here,” he said.
For the  full interview in original portuguese please click here

Leave a comment

Your email address will not be published. Required fields are marked *