Thursday, 6 August 2015

INDIA-MOZAMBIQUE STRENGTHENS TIES

5India-Mozambique relations are set to strengthen after the state visit of the President of Mozambique, H.E. Filipe Nyusi to India during August 4-8, 2015. The President is in India accompanied by his spouse, Mrs Isaura Nyusi and a high level delegation including Mozambican Ministers of Foreign Affairs, Minerals & Energy, Agriculture, Transportation & Communications and Interior, along with other senior officials.

India and Mozambique signed an MOU on August 5, 2015 for cooperation in the field of New and Renewable Energy. Both the leaders discussed ways to strengthen cooperation in maritime security, defense and ocean economy during the delegation meet. India also recognized in a press release, “President Nyusi’s visit is special because Mozambique is celebrating its 40th anniversary of independence in 2015 and 2015 is the 40th year of establishment of diplomatic ties between the two countries”. India has also mentioned that Africa and the Indian Ocean are among the highest priorities on her foreign policy.

President Nyusi then addressed a special business meeting organized by ASSOCHAM, FICCI and CII. A large business delegation from the Indian and Mozambican side attended the meeting. The meeting extensively highlighted the business opportunities in Mozambique and how both sides can benefit from each other. The President invited Indian companies to come and invest in Mozambique.

The hydrocarbon-rich Mozambique today promised to provide Indian companies greater access to various oil, gas and coal exploration projects besides seeking fresh impetus to bilateral trade ties. Prime Minister of India, Shri Narendra Modi said that Mozambique can prove to be a “large source” of coal for India and can also help India drive growth.

"Mozambique can be a large and a proximate source of natural gas, coal and other minerals that are so important to drive our growth. It also offers huge opportunities in agriculture sector," Modi said, asserting that India will continue its support to the country in accordance with its priorities.

Calling the discussions "fruitful and positive", Nyusi said it was decided to enhance cooperation in a number of areas including oil and gas and that Indian companies will be welcomed for more investment there. Nyusi's visit here is his first to an Asian country after assuming office in January.

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