Trade between India and Angola expected to reach US$4 billion this year

30 June 2010

Luanda, Angola, 30 June – Trade between India and Angola is expected to total US$4 billion this year, exceeding the US43 billion in trade posted in 2009, India’s ambassador to Angola, Ajjampur Rangaiam Ghanashyam said Tuesday in Luanda.

Speaking to Angolan news agency Angop, the ambassador said that relations between the two countries went back to 1761 (during the Portuguese colonial period), when some regions of India (Goa Damão and Dio) were considered, as was Angola, to be Portuguese territory.

The Indian diplomat said that companies from his country exported mainly meat, vehicles, equipment for trains and tractors, medication, and fabric and fibres for the textile industry to Angola, whilst Angola exported oil to India.

The oil cooperation agreement signed by Angolan company Sonangol and Indian sector companies, in January of this year, was considered by ambassador Ajjampur Ghanashyam to be one of the examples of consolidation of relations between the two countries.

The diplomat said that relations between New Delhi and Luanda, “need to be boosted and extended to other sectors, such as infrastructures, health, education, agriculture, information technology, high technology, the automotive industry and the metals industry.”

According to Ajjampur Ghanashynam, India is also involved in efforts by the Angolan authorities to rebuild and develop Angola, giving reconstruction of the Lubango-Matala railroad, in the south of the country as an example. (macauhub)