Cote d'Ivoire PM keen to strengthen trade relations with India
Updated: Nov 07, 2014 03:14:53pm
New Delhi, Nov 7 (KNN) Prime Minister of Cote d’Ivoire, Daniel Kablan Duncan urged Indian companies to invest in business opportunities in his country to boost trade relations between the two countries.
Cote d’Ivoire is open for investments, the visiting PM said, supported by strong economic potential in agriculture, mining, oil and gas, energy, agro-industry, housing and ICT, in a recent conference organized by the Federation of Indian Chambers of Commerce and Industry (FICCI).
He said the country maintains its ranking in the top 10 world reformers according to the Doing Business report for 2014-2015.
Improving competitiveness of the country’s economy, reduction of time and cost of all economic activities and providing insurance and facilitation for private investment-related administrative formalities are high priority for his government, he added.
On the other hand, CMD, RRB Energy Limited and FICCI Executive Committee Member, Rakesh Bakshi said there was tremendous potential for both the countries to collaborate and form partnerships in sectors of ICT, agriculture, food processing, textiles and SMEs.
“India has extended the Lines of credit of USD 136.3 million to Cote d’Ivoire through EXIM Bank of India for the agriculture sector, IT and Biotechnology Park, Development of Rice Production Programme and for power transmission line project in Cote d’Ivoire,” he said.
Offering his comments, Chairman, Overseas Infrastructure Alliance (India) Pvt, VB Soni said India and Cote d’Ivoire must enhance cooperation in healthcare and pharmaceuticals sector.
Their price-competitiveness, especially in generic drugs that are crucial to many African countries such as HIV AIDS, anti-retroviral (ARV) and anti-malaria drugs, has made management of these diseases more viable for state health sectors, he added.
Citing that India has been actively involved in financing several Ivorian projects, Ambassador, Embassy of India in Cote d’Ivoire, Dinesh Bhatia said the country provides 60 slots under ITEC programme every year as well as nine ICCR scholarships to help Cote d’Ivoire in capacity building. (KNN/ST)
Cote d’Ivoire is open for investments, the visiting PM said, supported by strong economic potential in agriculture, mining, oil and gas, energy, agro-industry, housing and ICT, in a recent conference organized by the Federation of Indian Chambers of Commerce and Industry (FICCI).
He said the country maintains its ranking in the top 10 world reformers according to the Doing Business report for 2014-2015.
Improving competitiveness of the country’s economy, reduction of time and cost of all economic activities and providing insurance and facilitation for private investment-related administrative formalities are high priority for his government, he added.
On the other hand, CMD, RRB Energy Limited and FICCI Executive Committee Member, Rakesh Bakshi said there was tremendous potential for both the countries to collaborate and form partnerships in sectors of ICT, agriculture, food processing, textiles and SMEs.
“India has extended the Lines of credit of USD 136.3 million to Cote d’Ivoire through EXIM Bank of India for the agriculture sector, IT and Biotechnology Park, Development of Rice Production Programme and for power transmission line project in Cote d’Ivoire,” he said.
Offering his comments, Chairman, Overseas Infrastructure Alliance (India) Pvt, VB Soni said India and Cote d’Ivoire must enhance cooperation in healthcare and pharmaceuticals sector.
Their price-competitiveness, especially in generic drugs that are crucial to many African countries such as HIV AIDS, anti-retroviral (ARV) and anti-malaria drugs, has made management of these diseases more viable for state health sectors, he added.
Citing that India has been actively involved in financing several Ivorian projects, Ambassador, Embassy of India in Cote d’Ivoire, Dinesh Bhatia said the country provides 60 slots under ITEC programme every year as well as nine ICCR scholarships to help Cote d’Ivoire in capacity building. (KNN/ST)
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