BUSI­NESS Nigeria-In­dia bi­lat­eral trade hits N2.6tr – En­voy

Daily Trust - - NEWS -

The In­dian Deputy High Com­mis­sioner to Nigeria, Shri Suresh Makhi­jani, said Nigeria-In­dia bi­lat­eral trade reached $16.5 bil­lion(N2.6 tril­lion) in 2013.

Makhi­jani made the dis­clo­sure in Enugu on Satur­day at a cer­e­mony to mark the In­dian Em­bassy Day at the on­go­ing 25th Enugu In­ter­na­tional Trade Fair.

The deputy high com­mis­sioner ex­pressed op­ti­mism that the fig­ure would be sur­passed in the cur­rent fi­nan­cial year.

Ac­cord­ing to him, In­dia be­came Nigeria’s largest trad­ing part­ner with strong mar­ket pres­ence in phar­ma­ceu­ti­cal, in­for­ma­tion tech­nol­ogy, steel, power trans­mis­sion equip­ment, trans­port and agri­cul­ture.

``Rapid growth in In­dian in­vest­ments in Nigeria in such sec­tors as power, man­u­fac­tur­ing, fer­tilis­ers and tex­tiles is vis­i­ble,’’ he said.

In an ad­dress, Dr Ifeanyi Okoye, Pres­i­dent of the Enugu Cham­ber of Com­merce, In­dus­try, Mines and Agri­cul­ture (ECCIMA), said the par­tic­i­pa­tion of In­dia at the fair would of­fer op­por­tu­ni­ties for cross­fer­til­i­sa­tion of ideas. Ac­cord­ing to him, will also en­cour­age

it ex­change of in­for­ma­tion and en­light­en­ment for bet­ter un­der­stand­ing of im­mense busi­ness op­por­tu­ni­ties to link Nige­rian busi­ness men with their In­dian coun­ter­parts.

``We do be­lieve that fo­rum such as this will fur­ther pro­vide in­her­ent op­por­tu­ni­ties to boost trade and in­vest­ment among the na­tions and their people.

``I have no doubt that this fo­rum will yield ex­pected re­sult that will be ben­e­fi­cial and im­pact­ful,’’ he said.

The event was at­tended by some of­fi­cials from the high com­mis­sion. ( NAN)

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