India's ambassador to Mozambique, Robert Shetkintong, expressed this Wednesday, 22 October, the intention to strengthen his economic presence in the country, with emphasis on the mining, logistics and agriculture sectors, consolidating bilateral cooperation between the two countries, the Mozambique Information Agency reported.
According to the agency, the announcement was made by the diplomat during a meeting held in Maputo with the Fiscal Council of the Confederation of Economic Associations of Mozambique (CTA).
According to the ambassador, India already holds a significant business presence in the country, with companies operating in the provinces of Cabo Delgado, Tete, Nacala, Beira and Maputo. "Currently, all four major coal mining companies in Tete are Indian, and three companies in the Government of India hold 30% of the shares in Area 1 of natural gas in Cabo Delgado," he said.
Robert Shetkintong also stated that there are significant investments in the pharmaceutical sector through Mozambique Holdings, which owns two pharmaceutical plants, as well as in agriculture, where Indian farmers in Niassa, Nampula, Zambezia and Tete export products valued at around $300 million annually (19 billion meticals).
The diplomat also stressed that education is one of the pillars of bilateral cooperation, recalling that India grants more than 60 scholarships annually to Mozambican students. "This year 63 scholarships were awarded to young people from all provinces of the country, and three of them traveled today to start their studies at Indian universities," he added.
