SME Times is powered by   
Search News
Just in:   • Committed to nurture next-gen innovation in 6G technology: Jyotiraditya Scindia  • Europe facing earlier, stronger heatwaves: Climate scientist  • India and Namibia sign two MOUs in fields of health and entrepreneurship  • PM Modi arrives in Delhi after concluding 'productive and successful' 5-nation tour  • ASEAN to keep on consensus, inclusivity: Malaysian official 
Last updated: 20 Jul, 2022  

Exports.9.Thmb.jpg Need for diversification of trade basket: Minister

Exports.9.jpg
   Top Stories
» Committed to nurture next-gen innovation in 6G technology: Jyotiraditya Scindia
» Piyush Goyal holds talks with Malaysian minister on review of ASEAN trade pact
» India and OPEC have a unique and symbiotic relationship: Hardeep Puri
» SIP inflows hit all-time high in June, total AUM for equity MF at Rs 74.41 lakh crore
» India set to explore over 2.5 lakh sq kms area in one of largest offshore energy efforts
PIB | 20 Jul, 2022

Union Minister of State for Commerce & Industry(MoS) Anupriya Patel today met Pacome Moubelet-Boubeya, Minister of State, Minister of Industry, Republic of Gabon who is on a two day visit to New Delhi to attend 17th CII-EXIM Bank Conclave on India-Africa Growth Partnership.

Minister Moubelet-Boubeya was accompanied by a high-level delegation of ten members including Mr. Hugues Judicael Mbadinga Madiya, Minister for the Promotion of Investment and Public -Private Partnership, Republic of Gabon and Ms. Yolande Christiane Nyonda, Deputy Minister of Foreign Affairs. .

The two Ministers held forward looking and productive discussions covering the entire gamut of bilateral trade, commerce, economic and investment ties between the two countries.  

They also discussed active economic engagement and identified new areas for cooperation, particularly in mining, defence, agriculture, healthcare, pharmaceuticals, and renewable energy.

The two Ministers while expressing satisfaction upon the growing bilateral trade which had crossed 1.2 billion USD in 2021-22 despite the pandemic, acknowledged the need for diversification of trade basket and deeper cooperation in bilateral investment. 

Minister Moubelet-Boubeya apprised MoS about the investment opportunities in Gabon, especially in the Gabon Special Economic Zone (GSEZ) wherein 54 Indian companies have set up manufacturing units in various sectors like pharma, timber, mining, steel and food processing.

Both sides noted the need for cooperation in skill development /training and capacity building in key sectors, including quality standards.

MoS appreciated the “Emergent Gabon Vision 2025” plan and assured India's full cooperation in Gabon's transformation and diversification of its economy.

Patel also appreciated the joint efforts of India and Africa Group at the recent WTO Ministerial Conference held in Geneva. Both Ministers have agreed to continue cooperation at various multilateral organisations, including the UN and the WTO.

 
Print the Page
Add to Favorite
 
Share this on :
 

Please comment on this story:
 
Subject :
Message:
(Maximum 1500 characters)  Characters left 1500
Your name:
 

 
  Customs Exchange Rates
Currency Import Export
US Dollar
84.35
82.60
UK Pound
106.35
102.90
Euro
92.50
89.35
Japanese Yen 55.05 53.40
As on 12 Oct, 2024
  Daily Poll
Do you think Indian businesses will be negatively affected by Trump's America First Policy?
 Yes
 No
 Can't Say
  Commented Stories
 
 
About Us  |   Advertise with Us  
  Useful Links  |   Terms and Conditions  |   Disclaimer  |   Contact Us  
Follow Us : Facebook Twitter