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Published On: Mon, Mar 5th, 2018

Minister seeks stronger ties with India on industrial park devt

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By Abba-Eku Onyeka Abuja

The Minister of Industry, Trade and Investment, Dr Okechukwu Enelamah has underscored the need to involve Machindra Auto Makers of India on the proposed Nigerian Centre of Indian Institute of Technology as well as the Auto Industrial Park in Nnewi Anambra state.
He said that, this could be realised if the two countries have closer ties.
The Minister said this when the Indian High Commissioner in Nigeria, B.N. Reddy accompanied by his deputy, Subhash Chand came to his office to request for collaboration between the two countries in the areas of Joint Trade Committee (JTC) between the two countries and Chief Executive Officers Forum (CEOF) for interested CROs from Nigeria and India who are also interested in bilateral trade between the countries.
The Minister in response said that trade relationship between the countries were significant, especially with the private sector, even as he expressed desire for the two countries to collaborate on specialised industrial zones which he informed that Nigeria was working on.
It would be recalled that the minister recently launched and presented to the public the first edition of Nigerian Annual Trade Policy Report (NATPR) in his conference room in Abuja.
The document, a yearly publication by the Nigerian Office for Trade Negotiations (NOTN) has revealed that transactions in exportation and importation of goods and services had given employment to about 14 percent of Nigerian workforce, an equivalent of about 10.8 million and it also accounts for about 18 percent of the GDP., while agriculture seconded by accounting for about 29.1 percent of the GDP.

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