The India Show showcases Indian Industry to boost bilateral trade with Nigeria
In an effort to showcase the best of Indian products and technology in Nigeria, The India Show was opened in Lagos. This is a joint initiative of the Confederation of India Industry and the Indian High Commission in Nigeria and is supported by Ministry of Commerce, Government of India. The theme of the show is “Building Relationships to Nurture Growth between Nigeria and India”.
The show features more than 100 Indian companies including Airtel, Mahindra & Mahindra, Bajaj Auto, Tata Motors, Godrej & Boyce, Kirloskar, Power Grid Corporation, TVS Motors, Escorts, BEML and others.
While speaking at the inaugural session of the event, Dr (Mrs) Idiat Oluranti Adebule, Deputy Governor of Lagossaid that the show will be an excellent opportunity for Indian and Nigerian companies to meet and enter into business partnerships, Joint Ventures and Technology transfer. She added that Indian companies in Lagos already contribute significantly to the local economy as they are the largest employer of local people apart from the Government. She informed, Lagos Government has launched a one-stop-shop, Global Lagos to facilitate new investors and would welcome more Indian companies to start their operations in the State.
Engr Benson Abounu, Deputy Governor of Benue in his special address invited Indian companies to look at the investment opportunities especially in Agriculture, Education, and Healthcare. With 70% wastage of fruits and vegetables, the State offers excellent opportunities in food processing, cold storage and value addition activities. Government is committed to provide an enabling environment and is in the process of developing industrial parks, he added.
Mr A R Ghanashyam, Indian High Commissioner to Nigeria highlighted the importance of Nigeria in the African economy which makes up one quarter of GDP and one fifth of population of the continent. The current Government is committed to developing the economy, reduce the dependence of oil based economy, good governance and Skill manpower and employment generation, he added. The time is opportune for Indian companies to expand their operations into this country and this show will provide an opportunity to explore new areas of collaboration, he opined.
A twenty member Business Delegation comprising senior members of Indian Industry is also visiting Lagos during the India Show. CII also organized a Business Seminar on “Enhancing Trade and Investment between India and Nigeria” on the sidelines of this event. “Nigeria and India: Leveraging on the Economies”, a joint report of CII and KPMG was released at the inaugural session.
Senior officials from Manufacturing Association of Nigeria, Dangote Group and Nigerian Investment Promotion Commission also spoke at the session which was attended by more than 300 representatives of Indian and Nigerian businesses.
IndianBureaucracy.com wishes the very best.