The India High Commission in Nigeria has assured of the country’s preparedness to collaborate with the Nigeria energy sector in ensuring its smooth energy transition agenda.
This assurance was made by the India High Commissioner to Nigeria, Shri G. Balasubramanian, while on a tour of the Indian pavilion at just concluded Nigeria Oil and Gas (NOG) Energy Week Conference and Exhibition 2023 in Abuja.
He said that India is playing a good role in renewable energy because it has some expertise in that area and plans to collaborate with Nigeria in that regard, adding that there are huge opportunities for both countries to leverage on.
According to him, the country is excited to participate at this year’s NOG because India has a good number of participants with about 48 exhibitors this year, an increase compared to last year’s conference.
“The layout is very organised and easy to navigate. The exhibitors have very good and prime positions which would help them in attracting more customers to their products and services which they’re exhibiting. In all, I believe that this is a very well organised exhibition,” Shri G. Balasubramanian stated
He said that Indian companies exhibiting are well-grounded and technologically driven companies with quality and affordable products and services, trusting that they will find business opportunities in Nigeria.
While speaking on the growth of the Indian economy, he affirmed that innovation, investment banking, and technology are key drivers of India’s economic growth.
He noted that in the past few years, a lot of innovations are taking place in the country through which the economy has been propelled from where it was to where it is today.
“For us, we still believe there is a long way to go, We are still an emerging economy and there is still a need for the government to continue to support innovations, Fintechs and new startups.
For example, in two years, we have had more than 100 unicorn startups, a unicorn is a startup company that has an asset value of $1 billion and more than 5,000 thousand startups have been created in about four to five years now.
We are heavily investing in agriculture, pharmaceutical, and energy and we are willing to collaborate more with Nigeria on many fronts. This NOG exhibition is to showcase the technology and innovation from India for our mutual benefit’’ he stated.
