India Cements Ties With Mozambique
To strengthen strategic ties and bilateral cooperation with Mozambique, where India has sizeable economic investments, the two countries took a significant step by signing two important memoranda of understanding- agreement on sharing ‘white shipping’ information and cooperation in the field of hydrography- during the Defence Minister, Mr Rajnath Singh’s, just concluded 3-day visit to the African Nation. Holding a bilateral meeting with his Mozambican counterpart, Mr.AtanasioMtumuke, Mr. Singh said India considers Mozambique among its most important friends and partners in Africa. As figures suggest, Indian investments in that country amount to $ 7 billion, mostly in energy and coal, accounting for about 25 per cent of Indian investments in Africa. In 2017, India was the largest destination for Mozambican exports, accounting for about 35 per cent of its total export revenue. Little wonder that during the course of his first overseas visit as Defence Minister and which also happens to ...