Africa-Press – Angola. The Minister of Foreign Affairs, Téte António, invited this Thursday, in Kampala (Uganda), the Government and Indian businesspeople to participate in the process of diversifying the Angolan economy, highlighting the business opportunities that exist in the country.
The head of Angolan diplomacy, who was speaking during a meeting with his Indian counterpart, Subrahmanyan Jaishankar, pointed out the National Development Plans, with emphasis on Planagrão, Planapesca and Planapecuário, Angola’s development plans for the areas of agriculture, fisheries and agriculture, respectively, as areas open to foreign investment.
During the approximately one-hour meeting, diplomats who are in the Ugandan capital to participate in the XIX Summit of Heads of State and Government of the Non-Aligned Movement (NAM), which begins this Friday, assessed the state of bilateral cooperation, in the most varied areas of political-diplomatic, economic and commercial life between Angola and India.
For minister Subrahmanyam Jaishankar, India wants to see its cooperation with Angola strengthened, especially in the areas of pharmaceutical industry, tourism, food security, health, oil and gas, education, basic sanitation and digital technology.
He also explained that his Government is flattered by the fact that Angola, in the voice of President João Lourenço, has considered this Asian country as an “important strategic partner”.
Finally, he referred to the elections at the United Nations Security Council, for the period 2028-2029, where India aspires to a place as a Non-Permanent member.
India established diplomatic relations with Angola in 1985 and, since then, has maintained cooperation that is considered extremely cordial.
Recently, the two countries signed the Agreement on Visa Exemption for holders of diplomatic, official and service passports, Memorandum of Understanding between the Ministry of Health of Angola and the Ministry of Health and Family Welfare of the Indian Government, in addition of the Memorandum of Understanding between the Venâncio de Moura Diplomatic Academy of the Ministry of External Affairs and the Sushma Swara Institute of Foreign Service of the Ministry of External Affairs of India.
India’s population grew from 361 million in 1951 to nearly 1.4 billion in 2022. During the same period, its nominal per capita income increased from $64 per year to $2,601 and its literacy rate increased by 16.6% to 74 percent.
According to the International Monetary Fund (IMF), the Indian economy in 2022 was nominally worth $3.46 billion, it was the fifth largest economy in terms of market exchange rates and is worth around $11.6 billion. , the third largest in terms of Purchasing Power Parity (PPP).
With its average annual GDP growth rate of 5.8% over the last two decades, and reaching 6.1% during 2011–2012, India is one of the fastest growing economies in the world.
The main agricultural products include rice, wheat, oilseeds, cotton, jute, tea, sugar cane and potatoes. The main industries include textiles, telecommunications, chemicals, pharmaceuticals, biotechnology, food processing, steel, manufacturing equipment transport, cement, mining, oil, machinery and software.
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