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Indian Business Delegation to invest in LiberiaSoni

By Patrick Flomo
 The Indian Consulate in Liberia, Mr. Upjit Singh
The Indian Consulate in Liberia, Mr. Upjit Singh

(mylbsonline.com/Liberia/Dec.17/2013) The Chairman of a visiting Indian business delegation has spoken of plans to invest in the Liberian economy.

According to former Indian Ambassador, V. B. Soni, the Indian Business delegation’s investment will cover Liberia’s energy, power supply, agriculture and health sectors, as well as infrastructure development.

Ambassador Soni made the disclosure Friday, December 13, 2013 when the Indian business delegation paid a courtesy call on the Foreign Ministry in Monrovia.

Former Ambassador Soni is current Chairman of India’s Overseas Infrastructure Alliance.

He said: “Since independence, India, with all of its resources, was unable to feed itself.”

“But its success story began with a revolution that made the nation produced its own food and secured food security.”

Ambassador Soni encouraged Liberians to emulate the good examples of other African Countries that are benefiting from Indian investments in millions of dollars.”

“My delegation also plans to invest in the country’s transportation sector and the sugar cane industry,” Ambassador Soni also noted.

Responding, Deputy Foreign Minister for International Cooperation and Economic Integration, Elias Shonoyin, thanked the Indian delegation for the visit and for the group’s investment plans for Liberia.

Deputy Minister Shonoyin Liberia has an excellent economic environment for investment, but needs robust energy and power supply to attract investors to the country.

He told the visiting Indian delegation that Liberia is opened to any foreign investor wanting to invest in the country, adding: “Liberia and India are working to expand cooperation to enhance India’s investment here.”

 


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