Mozambique invites Indian companies to invest; seeks stronger ties

As India scouts for new energy sources to sustain its economic growth, hydrocarbon-rich Mozambique today promised to provide Indian companies greater access to various oil, gas and coal exploration projects besides seeking fresh impetus to bilateral trade ties.

After holding wide-ranging talks with Mozambique President Filipe Nyusi, Prime Minister Narendra Modi said the African nation can be a “large source” of coal and natural gas to drive India’s growth and that both sides agreed to  step up engagement in a range of key sectors.

The two sides inked an MoU to have deeper engagement in the field of renewable energy besides exploring ways to cooperate in areas such as defence, maritime security in the Indian Ocean region, agriculture, railways and ocean economy.

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