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Photo: O País
India’s total investment in Mozambique amounts to US$8 billion, representing 25% of the Indian capital invested on the African continent.
The figure was revealed in Maputo on Tuesday by the High Commissioner of India in Mozambique during a business conference for companies in the Information and Communication Technologies (ICT) sector.
“Mozambique is an important partner for India. We want to increase our relations by focusing on the development of ICTs,” High Commissioner for India Rajeev Kumar said.
With the start of production of liquefied natural gas in the Cabo Delgado Rovuma basin scheduled for 2022, Rajeev Kumar argues that Mozambique needs a solid ICT foundation to meet the challenges of this new industry.
With half a hundred companies already operating in the Mozambican market, Indian technology and information entrepreneurs want to boost bilateral relations, and are in Maputo looking for business opportunities.
Permanent Secretary of the Ministry of Science and Technology, Higher and Professional Technical Education, Celso Laíce, said Mozambique should use Indian experience to extend the use of ICTs.
“As a government, we are committed to creating better conditions for the development of ICTs in the country,” he said.
India is among Mozambique’s ten largest economic partners, and was the top destination for Mozambican exports in 2018, with a value of US$1.3 billion.
By Edson AranteSource: O País
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