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250 Indian business delegation in Nigeria on investment drive

No fewer than 250 members of the Indian business
community will be arriving in Nigeria on Tuesday for the
Indian Show 2015 in Lagos, the Indian High Commissioner, Ajjampur Ghanashyam
says. Ghanashyam, in a statement on Monday in Abuja,
said that the delegation was the highest Indian business delegation ever to any country in Africa.

The Indian envoy explained that the positive developments in Nigeria since the inauguration of President Muhammadu Buhari encouraged the large
delegation of the business community. “This is perhaps the first time in the history of India-Nigeria bilateral
economic relations that such a large delegation has arrived in Nigeria.

“Such a large Indian delegation may not have visited any country in Africa, not even Nigeria before now. “India and its industries have been watching the
developments in Nigeria closely. “They have taken note of the free and credible elections in Nigeria earlier this
year and the objectives of security and stability, efficiency and transparency and economic development and employment.

“India and Nigeria not only have deep-rooted relationship that goes back to World War I but also have complementary comparative advantages which can
potentially open many opportunities to integrate the factors of production for the mutual benefits of the peoples
of both countries.”

Ghanashyam said that the purpose of the India Show 2015, holding from Aug. 25 to Aug. 27 at Eko Hotel,
Lagos, was for the Indian business delegation to search
for investment opportunities.

“The 250 Indian business persons are in Nigeria to search for potential Nigerian partners and possible
projects and programmes that are mutually beneficial.

“The contingent of business persons includes a number of
areas in which India has comparative advantages and
experience to work with Nigerian partners. “This is to
jointly add values to the economies of both India and Nigeria and more importantly, create jobs that both
countries are desperately in need of,” he said.

The Indian envoy said that the India Show 2015 is
organised by Confederation of Indian Industries, New
Delhi, an apex Indian industry body and the High
Commission of India in Nigeria.

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