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Indian investment touches $10bn in domestic industry
29 Jan '07
1 min read
According to Indian High Commissioner to Nigeria, Indian entrepreneurs for last seven years had invested more than US $10 billion in the domestic economy.
Commissioner also added that still there is room for increase in investment in sectors like agriculture in coming months to explore business opportunities.
Indian firms, which earlier entered domestic market by trading in Indian made goods, have diversified gradually into agriculture and manufacturing.
In Africa, Nigeria is the largest trading partner with annual trade turnover of over $3 billion.
Indian enterprises have mainly invested in sectors like textiles, chemicals etc.
Commissioner also added that still there is room for increase in investment in sectors like agriculture in coming months to explore business opportunities.
Indian firms, which earlier entered domestic market by trading in Indian made goods, have diversified gradually into agriculture and manufacturing.
In Africa, Nigeria is the largest trading partner with annual trade turnover of over $3 billion.
Indian enterprises have mainly invested in sectors like textiles, chemicals etc.
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