Indian firms invited to invest in mining in Africa

March 20th, 2008 - 4:56 pm ICT by admin  


New Delhi, March 20 (IANS) With the slogan “Chalo Africa”, ministers and officials from African nations Thursday invited Indian firms to explore opportunities in the mining industry - not just for prospecting, but also to look at other ancillary prospects. With China increasingly gobbling up resources in mineral-rich Africa, India will have to move faster and “move up” in the value chain to corner a slice of the pie.

“We want Indian firms to exploit resources in a rational manner,” said Bwabwa Wa Keyembe, Congo’s director general of the National Agency for Promotion of Investments, at the fourth India-Africa business conclave here.

“We want it to be advantageous to both the countries,” he said.

“I want to tell you there is more room for Indian firms in Mozambique,” said Muss

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