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India plans to invest in varied sectors of Angolan economy

     Economy              
  • Luanda • Tuesday, 16 May de 2023 | 20h35
Special Economic Zone (ZEE)
Special Economic Zone (ZEE)
Divulgação

Zango - The representative of the Indian Chamber of Commerce and Industry in Angola, Sunanda Rajendran, said Tuesday in Luanda that her country plans to invest in the fishing, agriculture, mining and pharmaceutical sectors.

The Indian official, who headed a multi-sector delegation made up of 18 Indian businesspeople, visited the Special Economic Zone (ZEE), with the aim to seek business opportunities.

The Indian official announced that her country will invest, in the near future, roughly 4.2 billion US dollars, with the aim to increase business volume.

Sunanda Rajendran spoke of the advantageous business trajectory between both countries, stressing that India has been working so that the commercial relations may be more fruitful and produce good results in the near future.

Over 500 Indian companies are willing to invest in Angola, since this African country has many investment opportunities.

Sunanda Rajendran encouraged her country's businesspeople to get to know  Angolan businesses better, having asked the Angolan business persons to make better use of India's commercial potential for trade.

Sunanda Rajendran invited Angolan businesspeople to visit India to better mobilise investments, with local small and medium-sized companies.

The executive director of the ZEE, Sebastião Cambaza, said he was pleased with the visit of the Indian businesspeople and encouraged them to invest in Angola, which has its doors open for business.





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