• About
  • Advertise
  • Contact
Saturday, May 10, 2025
  • Login
Vital News
  • Frontpage
  • Business
  • Economy
  • Politics
  • National
  • Opinion
  • Sports
  • More
    • Crime
    • Judiciary
    • Security
No Result
View All Result
  • Frontpage
  • Business
  • Economy
  • Politics
  • National
  • Opinion
  • Sports
  • More
    • Crime
    • Judiciary
    • Security
No Result
View All Result
Vital News
No Result
View All Result
Home Economy

135 Indian Companies Invest $19bln In Nigeria’s Economy – Envoy

Vital News by Vital News
January 12, 2023
in Economy
0
135 Indian Companies Invest $19bln In Nigeria’s Economy – Envoy
Share on FacebookShare on Twitter

By Fortune Abang/Sarafina Christopher

Abuja – The Indian High Commissioner to Nigeria, Shri G. Balasubramanian, says over 135 Indian companies have so far invested 19 billion dollars in Nigeria in the last four decades of diplomatic relations between the two countries.

Balasubramanian, who said this when he paid a courtesy visit to the News Agency of Nigeria (NAN) on Wednesday in Abuja, commended the India-Nigeria mutual bilateral relations.

He said that the relations between India and Nigeria had been excellent, saying the visit was to deepen news and cultural programme exchanges between both countries.

According to him, the visit seeks to promote avenues where India and Nigeria could cooperate through information sharing, news networks, among other things.

RelatedStories

Your 3% Economic Growth Forecast Falls Short Of Nigeria’s Potential, IMPI Tells IMF

Inner Galaxy Group To Establish $400mln Steel Factory In Ogun

You Goofed On Nigeria’s GDP At Independence, IMPI Tells AfDB President, Adesina

President Tinubu To Perform Groundbreaking Of World’s Biggest Cotton Factory In Ogun – Abiodun

“The cultural relations, the connection between our people is really good and with your assistance I will certainly like to strengthen this tie.

“There are over 135 Indian companies, which have invested about $19billion in Nigeria over a period of years, not in one year, but for the past four decades.

“Most of them are in Lagos, they are in every part of Nigeria and are in the manufacturing sector of the economy, steel, oil and gas or pharmaceuticals.

“Three billion dollars of that is in pharmaceuticals manufactured in Nigeria by Indian companies; there is strong relationship we have in pharmaceuticals and other business activities.

“Nigeria is home to about 60, 000 Indians who are living and who have made Nigeria as their home literally, for the past four decades.”

The envoy also promised to strengthen the relationship between his country and Nigeria, with the assistance of NAN management.

He said that Nigeria’s invitation as guest participant to the G20 Summit scheduled for 2023 in India would form a unique opportunity to showcase the priority of developing countries to the world.

He said that the importance of the relations between the two countries was well known in India, hence Nigeria’s invitation to the Summit from Sept. 9 to Sept.10, in New Delhi.

The envoy listed plans by the mission to host journalists from across West Africa on field visits to India with a renewed offer of 500 scholarships to Nigerians and promote the study of Mass Communication in India, in 2023.

He further reeled out the mission’s programmes to be India National Day on Jan. 26, Food Festival and Cooking Competition on Jan. 28, and facilitation of “Yoga” weekly-exercise to boost healthy living.

Responding, the Managing Director of NAN, Mr Buki Ponle, commended Balasubramanian for the visit, saying it was apt in deepening relations on information sharing and news network between the two countries.

He said that the relationship between the mission and the agency started on a very nice note, adding that a lot would be done to explore other spheres to produce best results for both countries.

Ponle said, “We are friendly, we accommodate and we want to be friends forever for mutual benefit; it extends to us in NAN to see outsiders as part of us.

“NAN and India share a common goal right from inception, the agency was established by an Act in 1976 and we started operation in 1978 and incidentally I was a pioneer member of staff.

“We also had a partnership with the Press Cross of India, we were always going to India for further studies in Mass Communication, but there was a stage when the agreement was no longer in vogue.

“With renewed relationship we hope the partnership will be revived; we will offer everything to make your stay highly rewarding in areas of coverage, enhanced visibility and exposure.

“We are always at your service and that also translates to making ourselves available for your country’s activities in Nigeria and over there in India.”

He reiterated that such practice would be informed by news and cultural exchange through information and communication sharing, as well as other areas that would be beneficial to both countries.

The managing director assured Balasubramanian of adequate support by the agency in coverage of the forthcoming G20 Summit.

The agency boss also appealed for facilitation of the exchange programme between the NAN and News Agency in India through signing of agreement to ensure seamless flow of information and communication on a daily basis.

Ponle noted that the agency had two agreements with the Bulgarian News Agency, as well as Turkey in addition to news exchange programmes in line with Reuters, AFP and China News Agency.

He said that the agency sought to establish such a partnership with India too.(NAN/vitalnewsngr.com)

Tags: companiesEconomyIndiainvest
Previous Post

Policy Uncertainty, Inflation To Slow Down Nigeria’s Economic Growth In 2023 — World Bank

Next Post

Nigerian Troops Eliminate Over 50 Terrorists

Vital News

Vital News

RelatedStories

Your 3% Economic Growth Forecast Falls Short Of Nigeria’s Potential, IMPI Tells IMF
Economy

Your 3% Economic Growth Forecast Falls Short Of Nigeria’s Potential, IMPI Tells IMF

May 7, 2025
Inner Galaxy Group To Establish $400mln Steel Factory In Ogun
Economy

Inner Galaxy Group To Establish $400mln Steel Factory In Ogun

May 6, 2025
You Goofed On Nigeria’s GDP At Independence, IMPI Tells AfDB President, Adesina
Economy

You Goofed On Nigeria’s GDP At Independence, IMPI Tells AfDB President, Adesina

May 6, 2025
President Tinubu To Perform Groundbreaking Of World’s Biggest Cotton Factory In Ogun – Abiodun
Economy

President Tinubu To Perform Groundbreaking Of World’s Biggest Cotton Factory In Ogun – Abiodun

May 1, 2025
Tinubu, Dangote Refinery And Mele Kyari’s Sack
Economy

Nigeria’s $15.2bln Net Forex Inflow For Q1 2025, Yet Another Success Story Of Tinubu Reforms – TSF

April 30, 2025
Next Post
Nigerian Troops Eliminate Over 50 Terrorists

Nigerian Troops Eliminate Over 50 Terrorists

Kogi vs EFCC : Agbakoba Heads To  Court To Challenge Scope Of Powers Of EFCC

Adventist Church Member Sues INEC For Fixing Election On Saturdays, Seeks To Stop conduct Of 2023 Elections

Gunmen Kill 4 In Anambra

4 Killed As Gunmen Bombed INEC, LG Offices In Anambra

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Follow Us

Recommended

Lagos Tasks Operators Of Orphanages On Best Practices

Lagos Tasks Operators Of Orphanages On Best Practices

2 years ago

We are already exporting our fetilisers to US, Brazil, Mexico, India – Dangote

3 years ago
STOP CONDEMNING NIGERIA, WE ARE DOING BETTER THAN MOST COUNTRIES  – Dr Sunday Adelaja

A PLEA FOR CONFLICT RESOLUTION AS NIGERIA GOES BREAKING by Taiye Olaniyi

2 years ago

2023 : Jerry Gana, Makinde, Fayose, Jang, Duke Withdraws From Atiku Campaign Council

3 years ago

Instagram

    Please install/update and activate JNews Instagram plugin.

Categories

  • Agriculture/ Water/ Mineral
  • Aviation
  • Business
  • Crime
  • Culture
  • Economy
  • Education
  • Entertainment
  • Environment
  • Football
  • Foreign
  • Gender
  • Health
  • Judiciary
  • Labour
  • National
  • News
  • Oil & Gas
  • Opinion
  • Opinion
  • Politics
  • Power
  • Religion
  • Security
  • Sports
  • Transport
  • Uncategorized

Topics

Abiodun Abuja APC arrest Atiku Bandits Bello Benue Buhari CBN Court Dangote death drugs Economy EFCC Election elections FG Fraud gunmen Hajj INEC Kano kidnap Kill Kogi Kwara Lagos NDLEA Niger Nigeria Ododo Ogun Oyo PDP Police Power rescue road Security Senate students Tinubu US
No Result
View All Result

Highlights

Adamu Ailero, Two Other Kebbi PDP Senators Defect To APC

Kogi Police Command Organises Conference On Operational Capacity, Mental Health, Financial wellness For Officers

Kogi Judicial Service Commission Sends Judge On Compulsory Retirement For Corruption, Suspend Magistrate For Two Years

TMV Hails NELFUND’s Disbursement Of N53bln, Says Nigerian Students Have Cause To Celebrate

President Tinubu Appoints MDs, Chairmen For Regional Development Commissions

Hajj 2025 : NAHCON Commences Airlifting Of 40,671 Pilgrims To Mecca

Trending

Abiodun Inaugurates Nigeria’s First Rapid Diagnostic Test Production Facility In Ogun
Health

Abiodun Inaugurates Nigeria’s First Rapid Diagnostic Test Production Facility In Ogun

by Vital News
May 9, 2025
0

Governor Dapo Abiodun,of Ogun State on Friday inaugurated Nigeria's first large-scale rapid diagnostic test (IVD) production facility...

Hajj 2025 : CBN Approves Cash-based BTA For Pilgrims To Ease Travel Demands

Hajj 2025 : Disagreement Between NAHCON, Saudi Arabia Stalls Flight Of 40,671 Pilgrims To Mecca

May 9, 2025
CESVO Confers Ethics And Integrity Ambassador Award On Ododo’s Spokesman, Ismaila Isah

CESVO Confers Ethics And Integrity Ambassador Award On Ododo’s Spokesman, Ismaila Isah

May 9, 2025
Gov. Radda, APC Chairman Present As Three PDP House Of Reps Members Defect To APC

Adamu Ailero, Two Other Kebbi PDP Senators Defect To APC

May 9, 2025
Kogi Police Command Organises Conference On Operational Capacity, Mental Health, Financial wellness For Officers

Kogi Police Command Organises Conference On Operational Capacity, Mental Health, Financial wellness For Officers

May 9, 2025
ADVERTISEMENT
Vital News

Vital News is an online newspaper with a mission to uphold professional journalism by reporting and publishing only facts and figures-based news reports across Nigeria and beyond.

Recent News

  • Abiodun Inaugurates Nigeria’s First Rapid Diagnostic Test Production Facility In Ogun May 9, 2025
  • Hajj 2025 : Disagreement Between NAHCON, Saudi Arabia Stalls Flight Of 40,671 Pilgrims To Mecca May 9, 2025
  • CESVO Confers Ethics And Integrity Ambassador Award On Ododo’s Spokesman, Ismaila Isah May 9, 2025

Categories

  • Agriculture/ Water/ Mineral
  • Aviation
  • Business
  • Crime
  • Culture
  • Economy
  • Education
  • Entertainment
  • Environment
  • Football
  • Foreign
  • Gender
  • Health
  • Judiciary
  • Labour
  • National
  • News
  • Oil & Gas
  • Opinion
  • Opinion
  • Politics
  • Power
  • Religion
  • Security
  • Sports
  • Transport
  • Uncategorized

© 2022 Vital News - . All Rights Reserved.

No Result
View All Result
  • Frontpage
  • Business
  • Economy
  • Politics
  • National
  • Opinion
  • Sports
  • More
    • Crime
    • Judiciary
    • Security

© 2022 Vital News - Vital News by Vital News.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In