Angola seeks investments from Indian cos in mining, agri

Angola today invited Indian businesses to invest in sectors like agriculture and mining in the resource-rich southern African nation.

Angola's Economy Minister Abrahao Pio dos Santos Gourgel, who is currently on a visit here, sought Indian expertise in technology and training and capacity building.

Angola has created a conducive business environment including a robust legal framework that would be attractive for Indian investors looking for business opportunities, the minister said at a conference organised by Ficci.

He encouraged Indian companies and investors to work closely with their counterparts in Angola for the successful collaboration and prosperity of the two countries.

The minister emphasised that the ongoing economic diversification in Angola has created potential for sustainable growth in key sectors like commercial agriculture, food processing and beverages industry, geology and mining and transports and logistics.

He said there are numerous investment opportunities available, particularly in the greenfield projects, which would help in creating new production capacity and jobs.

(This article has not been edited by DNA's editorial team and is auto-generated from an agency feed.)