India to pump $1bn into Moz
Maputo - Indian companies' investment in Mozambique could pass the $1bn mark in 2010, state media reported on Tuesday.
This will double the $500m that India invested in the country in 2009, director of investment promotion Rafik Jusob told Noticias newspaper.
Jusob made the announcement at a meeting between Indian business leaders and Mozambican authorities in capital Maputo.
"We have several packages in discussion, which I hope will materialise this year," said Jusob.
The Indian delegation led by Foreign Minister SM Krishna met with Mozambican President Armando Guebuza.
India is the fourth-largest investor to Mozambique, according to official figures.
Krishna announced a $25m rural electrification project to benefit remote northern and central provinces.
The southern African country is still rebuilding after a 16-year civil war which ended in 1992.