India to pump $1bn into Moz

2010-07-06 16:23
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.

- SAPA
Read more on:    india  |  mozambique
NEXT ON NEWS24X
SHARE:

Read News24’s Comments Policy

Inside News24

 
/News

Jobs in Cape Town [change area]

Property [change area]

Travel - Look, Book, Go!

Kalahari.com - shop online today

Valentine’s Day gifts – 14 Feb!

Gifts to spoil him and her. While stocks last. Shop now!

Games on Sale!

Save up to 60% on selected games. While stocks last. Shop now!

Up to 30% off All Textbooks

Save up to 30% off an extensive range of prescribed textbooks for all major universities and FET colleges. Shop Now!

Save up to 40% on outdoor accessories!

Tents, sleeping, day packs and more. While stocks last. Shop now!

30% off fragrances

Get 30% off fragrances for him and her. While stocks last. Shop now!

OLX Free Classifieds [change area]

Horoscopes
Aquarius
Aquarius

Today is a good day to connect to your inner needs and try to get things back into a more balanced rhythm. There will be emotional...read more

There are new stories on the homepage. Click here to see them.
 
English
Afrikaans
isiZulu

Hello 

Create Profile

Creating your profile will enable you to submit photos and stories to get published on News24.


Please provide a username for your profile page:

This username must be unique, cannot be edited and will be used in the URL to your profile page across the entire 24.com network.

Settings

Location Settings

News24 allows you to edit the display of certain components based on a location. If you wish to personalise the page based on your preferences, please select a location for each component and click "Submit" in order for the changes to take affect.




Facebook Sign-In

Hi News addict,

Join the News24 Community to be involved in breaking the news.

Log in with Facebook to comment and personalise news, weather and listings.