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Tuesday 22 June 2021
HomeAfricaAngola-India Trade volume to reach US$ 4 billion mark

Angola-India Trade volume to reach US$ 4 billion mark

 The volume of business between Angola and India could r each US$ 4 billion this year, against the US$ 3 billion recorded in 2009, PANA r e ported Monday quoting the Angolan News Agency (ANGOP).

ANGOP quoted the Indian Ambassador to Angola, Ajjampur Rangaiam Ghanashyam, as s aying that the rise in trade between the two countries to efforts by the Indian g overnment to strengthen and consolidate the relations between the two nations in various areas, particularly in the economic field.

Ghanashyam recalled that relations between the two countries dated back to the y ear 1761 (Portuguese colonisation era) when parts of Ã?ndia (Goa, Damao e Dio) w e re like Angola, considered Portuguese territories.

The Indian diplomat said his country exported to Angola such products as meat, v ehicles, trains and tractor equipment, medicines, fabrics and fibres for the tex t ile industry.

In return, Angola exports mainly oil to India.

The diplomat said the relations between New Delhi and Luanda needed a boost and expansion to other sectors, like health, education, agriculture, computers, high

technology, car industry and metals.

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