India assures investments to Nigeria despite security concerns

Nigeria has been assured of Indian investments despite security concerns in the African nation.

Abuja: Nigeria has been assured of Indian investments despite security concerns in the African nation.

"Indian investors would continue to invest in the economy and the High Commission would do everything possible to ensure the continuous flow of such investments by Indian entrepreneurs without any hindrances," Indian High Commissioner to Nigeria Mahesh Sachdev said.

He said trade between India and Nigeria touched USD 16.4 billion during 2011.
Sachdev said Indian investors have strong confidence in Nigeria despite security concerns.

The top Indian diplomat was speaking to reporters during a visit to Thelish Eye Hospital, run by an Indian in the country`s northern city of Kaduna, recently.

On the business front, the High Commissioner said the Indian mission will back new initiatives that would bring Nigerian and Indian entrepreneurs together.
India`s mainly imports crude oil from Nigeria and exports finished petroleum products, pharmaceuticals, electronics, motor cars and motorcycles amongst other items, to the African nation.

PTI

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