Friday, August 28

Over 100 Indian companies indicate interest in Nigerian markets

Representatives of not less than 100 Indian companies on Friday said that more Indian companies and investors were willing to take advantage of Nigeria’s huge investment environment.

The representatives spoke differently to the News Agency of Nigeria in Lagos on the sidelines of a
seminar on Nigeria and India’s investment opportunities, attended by no less than 100 Indian companies.

According to them, Nigeria currently has the largest population and market in Africa that will continue to attract foreign investors and companies.

Mr. Naresh Leeka, who led the companies to Lagos to exhibit their products, said export from India
to Nigeria was increasing as more Indian companies were ready to take advantage of Nigeria’s market.

Leeka said the companies were in Nigeria to first have one-on-one interaction with their partners before coming to establish their companies in Nigeria.

“This large number of Indian companies to Lagos, Nigeria, indicates how much regard and interest more Indian companies have for Nigeria,” he said.

Mr Rajen Sundaresan, the Executive Director of All India Rice Exporters Association, said that rice producers in India were becoming more interested in bringing their finished products to Nigeria.

Sundaresan said the association was working hard at making Nigeria a ready market for India’s variety of rice.

“We know that there is presently a high demand for rice in Nigeria. So, we want to bridge the gap between rice demand and supply in Nigeria.

“We are presently looking for more Nigerian partners for the importation and distribution of Indian rice in Nigerian markets,” he said.

Mr Paurik Dave, the Executive Director of Plus Engineers, said the company was in Nigeria to partner directly with organisations and construction companies.

Dave said that their coming to Nigeria would open markets for their engineering and construction equipment at reduced costs.


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