Mozambique imported 1,233 used cars from Japan via Tanzania in the first half of the year
25% of India’s total investment in Africa came to Mozambique: More than US$8 billion
11:33 CAT | 09 Feb 2016
TVM / Outgoing Indian High Commissioner in Mozambique Pavan Kapoor.
India has invested more than eight billion dollars in Mozambique in recent years – about 25 percent of its total investment in Africa.
This is the figure quoted yesterday in Maputo by the Indian High Commissioner in Mozambique, Pavan Kapoor after paying his respects to President Filipe Nyusi at the end of his posting in Mozambique.
Kapoor and the president reviewed bilateral relations between the countries, with Kapoor reporting: “They are very strong relationships. The two peoples have been maintaining historical trade relations.”
The diplomat recalled the visit of President Nyusi and Mozambican prime minister Carlos Agostinho do Rosario to India last year, and said that the Indian government wants to increase its investment in Mozambique, already up five-fold in the last five years.
India has a particular interest in Mozambique’s natural gas and coal, to meet the needs of its growing economy. Agriculture, health, energy, infrastructure and human resource development are other sectors where India feels it can pass on its experience to Mozambique.
Source: AIM
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