The Indian High Commission has said
India's exports to Nigeria hit $2.66 billion about N529.4 billion in 2013 -14, from
$1.08 billion, about N214.9
billion in 2007 -08, ITRealms reports.
This
was made known in a press release by the
Indian High Commission in Nigeria while announcing a show organized by the
commission in association with the Confederation of Indian Industry (CII) from August
25 to 27 to showcase Indian expertise and also to promote "Brand
India".
"During 2013-14, India's
imports, mainly consisting of petroleum and crude products, stood at $14.31
billion about N2.84trillion as against $13.82 billion about N2.75 trillion in
2012-13," it added.
The information
said about 50 Indian companies, including Godrej, Airtel and Kirloskar are
among companies billed to take part in the show, adding that the companies will
showcase their expertise in agriculture, farm and construction equipment,
electricity, infrastructure, roads, highways and ports, automobiles, auto
components, and information and communications technology among others.
Another 15 Indian companies, ITRealms gathered, are currently operating in Nigeria's power
sector. Pharmaceuticals, steel and power transmission are also dominated by
Indian companies. The high commission said "over a hundred companies are
currently operating in Nigeria that are owned and/or operated by Indian or
Persons of Indian origin".
The organizers said the show was
being held in Nigeria, as the country with a population of 175 million was
"a political and economic powerhouse" in Africa. The high commission
said, adding that "over a hundred companies are currently operating in
Nigeria that are owned and/or operated by Indian or Persons of Indian
origin".
The Bisiness Standard quoting the commission, said other companies to take part in the show include Bharti Airtel, Indorama, Olam International
(now Singapore registered), Tata, Bajaj Auto Birla Group, Mahindra and
Mahindra, Ashok Leyland, NIIT, ApTech, New India Assurance, Bhushan Steel, and
Dabur.
Cyriacus Nnaji/GEE/ED,OPs
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