India’s total investment in Mozambique amounts to US$8
billion, representing 25% of the Indian capital invested on the African
continent. The figure was revealed in Maputo on Tuesday by the High
Commissioner of India in Mozambique during a business conference for companies
in the Information and Communication Technologies (ICT) sector.
“Mozambique is an important partner for India. We want
to increase our relations by focusing on the development of ICTs,” High
Commissioner for India Rajeev Kumar said. With the start of production of
liquefied natural gas in the Cabo Delgado Rovuma basin scheduled for 2022,
Rajeev Kumar argues that Mozambique needs a solid ICT foundation to meet the
challenges of this new industry. With half a hundred companies already
operating in the Mozambican market, Indian technology and information
entrepreneurs want to boost bilateral relations, and are in Maputo looking for
business opportunities. Permanent Secretary of the Ministry of Science and
Technology, Higher and Professional Technical Education, Celso Laíce, said
Mozambique should use Indian experience to extend the use of ICTs.
“As a government, we are committed to creating better
conditions for the development of ICTs in the country,” he said. India is among
Mozambique’s ten largest economic partners, and was the top destination for
Mozambican exports in 2018, with a value of US$1.3 billion.
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