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The Hindu
04-05-2025
- Business
- The Hindu
Angolan president invites Indian businesses to utilise its strategic location for export opportunities
Angolan President Joao Manuel Goncalves Lourenco invited Indian businesses to explore opportunities that place the African nation at the centre of their export strategies. Speaking on Sunday, he highlighted areas for cooperation, including agriculture, pharmaceuticals, and renewable energy. Mr. Goncalves, currently on a visit to India, highlighted Angola's strategic location with privileged access to regional markets through the Southern African Development Community (SADC) and the African Continental Free Trade Area (AfCFTA). He was addressing the India-Angola Business Forum here. The relationship between Angola and India is built on a solid legal and institutional foundation, developed over decades of cooperation. The existing bilateral agreements — in areas such as health, energy, financial services, and diplomatic mobility — reflect both countries' commitment to a structured, transparent, and mutually beneficial partnership, stated Mr. Lourenco. "We invite Indian entrepreneurs to explore these logistical opportunities that can place Angola at the centre of their export strategies — both for Africa and the wider world," said the President. He went on to talk about the various sectors for cooperation, which include the pharmaceutical industry, the agriculture sector, and the renewable energy sector. India's dynamism "We firmly believe that this transformation will only be truly sustainable if it is supported by strong, fair, and innovative partnerships. Without doubt, India's business dynamism, technological excellence, and capacity for innovation are qualities that Angola deeply values and with which we wish to walk side by side," he said. Kirti Vardhan Singh, Minister of State for External Affairs and Environment, Forest & Climate Change, said, "Looking ahead, there are several priority sectors where we can deepen collaboration. In the energy sector, we can develop oil and gas infrastructure and partner in clean energy. In the field of education and skilling, India can play an important role in education and capacity building through high tech training and an increased number of scholarships." CII President Sanjiv Puri addressed the gathering and spoke about the sectors that hold promise between India and Angola. "Angola has a very strong mining sector and the third largest diamond production in Africa. The country also possesses repositories of critical minerals, including copper, gold, uranium, lead, and zinc. I truly believe that joint exploration in diamond processing and other critical minerals would develop a critical minerals value chain, potentially impacting crucial sectors like RE and EV manufacturing," he said.
Hans India
04-05-2025
- Business
- Hans India
Angolan President seeks closer ties with India in pharma, agriculture, renewable energy
Angolan President Goncalves Lourenco on Sunday highlighted the need for strengthening cooperation between India and Angola in various sectors, including the pharmaceutical industry, agriculture, and the renewable energy sector. "We firmly believe that this transformation will only be truly sustainable if it is supported by strong, fair, and innovative partnerships. Without doubt, India's business dynamism, technological excellence, and capacity for innovation are qualities that Angola deeply values and with which we wish to walk side by side," Lourenco said in his address at the India-Angola Business Forum held here. The relationship between Angola and India is built on a solid legal and institutional foundation, developed over decades of cooperation, he pointed out. "The existing bilateral agreements — in areas such as health, energy, financial services, and diplomatic mobility — reflect both countries' commitment to a structured, transparent, and mutually beneficial partnership," he said. The President highlighted Angola's strategic location with privileged access to regional markets through the Southern African Development Community (SADC) and the African Continental Free Trade Area (AfCFTA). which enables the country to position itself as a logistics and industrial hub for Indian companies seeking to expand across the African continent. He pointed out that with significant investments in transport and logistics infrastructure, like the Lobito Corridor, there are immense new possibilities for regional value chains. "We invite Indian entrepreneurs to explore these logistical opportunities that can place Angola at the centre of their export strategies — both for Africa and the wider world," he said. The event was also addressed by Minister of State for External Affairs Kirti Vardhan Singh, who cited the strengths which have positioned India as a significant investment hub. "Looking ahead, there are several priority sectors where we can deepen collaboration. In the energy sector, we can develop oil and gas infrastructure and partner on clean energy. In the field of education and skilling, India can play an important role in education and capacity building, through high-tech training and an increased number of scholarships." CII President Sanjiv Puri spoke about the areas of opportunity between India and Angola. "Angola has a very strong mining sector and the third largest diamond production in Africa. The country also possesses repositories of critical minerals including copper, gold, uranium, lead and zinc," he said. "I truly believe that joint exploration in diamond processing and other critical minerals would develop a critical minerals value chain, potentially impacting crucial sectors like RE and EV manufacturing," he added. A panel discussion between industry members from both countries was held at the forum, around a plethora of areas for cooperation, including pharmaceuticals, agriculture and energy transition.
Time of India
04-05-2025
- Business
- Time of India
Angola President Lourenco invites Indian businesses to explore export opportunities
Angola President Joao Manuel Goncalves Lourenco on Sunday invited Indian businesses to explore opportunities that can place the African nation at the centre of their export strategies, highlighting areas for mutual cooperation, including agriculture, pharmaceutical and renewable energy. #Pahalgam Terrorist Attack India much better equipped to target cross-border terror since Balakot India conducts maiden flight-trials of stratospheric airship platform Pakistan shuts ports for Indian ships after New Delhi bans imports from Islamabad Goncalves, currently on a visit to India, highlighted Angola's strategic location with privileged access to regional markets through the Southern African Development Community (SADC) and the African Continental Free Trade Area (AfCFTA). He was addressing the India-Angola Business Forum here. Continue to video 5 5 Next Stay Playback speed 1x Normal Back 0.25x 0.5x 1x Normal 1.5x 2x 5 5 / Skip Ads by by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like 20 of the World's Scariest Bridges Learn More Undo The relationship between Angola and India is built on a solid legal and institutional foundation, developed over decades of cooperation. The existing bilateral agreements -- in areas such as health, energy, financial services, and diplomatic mobility -- reflect both countries' commitment to a structured, transparent, and mutually beneficial partnership, stated Lourenco. "We invite Indian entrepreneurs to explore these logistical opportunities that can place Angola at the centre of their export strategies -- both for Africa and the wider world," said the President. Live Events He went on to talk about the various sectors for cooperation, which includes the pharmaceutical industry, agriculture sector, and renewable energy sector. "We firmly believe that this transformation will only be truly sustainable if it is supported by strong, fair, and innovative partnerships. Without doubt, India's business dynamism, technological excellence, and capacity for innovation are qualities that Angola deeply values and with which we wish to walk side by side," he said. Kirti Vardhan Singh, Minister of State for External Affairs and Environment, Forest & Climate Change, said, "Looking ahead, there are several priority sectors where we can deepen collaboration. In the energy sector, we can develop oil and gas infrastructure and partner on clean energy. In the field of education and skilling, India can play an important role in education and capacity building, through high tech training and increased number of scholarships." CII President Sanjiv Puri addressed the gathering and spoke about the areas of opportunities between India and Angola. "Angola has a very strong mining sector and the third largest diamond production in Africa. The country also possesses repositories of critical minerals, including copper, gold, uranium, lead, and zinc. I truly believe that joint exploration in diamond processing and other critical minerals would develop a critical minerals value chain , potentially impacting crucial sectors like RE and EV manufacturing," he said.
