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Cameroon and India discuss Trade and Economic opportunities

The Africa Director of the Indian Industries Conference, Rakhee Gupta, also took part in this videoconference on March 11, 2021. On March 11, 2021, the Minister of Commerce, Luc Magloire Mbarga Atangana, the High Commissioner of India to Cameroon, Rakesh Malhotra, and the Africa Director of the Indian Industries Conference, Rakhee Gupta, held a videoconference consultation. It focused on the economic and trade opportunities between India and Cameroon.

According to the national bilingual daily Cameroon Tribune on newsstands on March 12, 2021, it was about “presenting the potential of the country to Indian investors and vice versa, in order to strengthen their relations. The High Commissioner of India in Cameroon, Rakesh Malhotra and the Africa Director of the Conference of Indian Industries, Rakhee Gupta, also followed the testimonies of Indian business leaders established in Cameroon and who participate in the economic development of the country.”

Wanting to know more about the business climate in Cameroon before investing, “Luc Magloire Mbarga Atangana initially told investors that Cameroon belongs to the Central African Economic and Monetary Community, while specifying that ‘he was its natural leader. With a population of nearly 25 million and a GDP of $ 39 billion. He also returned to United Nations investment agreements and conventions, as well as international arbitration conventions, “we read.

To emphasize the credibility of Cameroon in terms of investments, the deputy director of the Investment Promotion Agency, Donatus Boma, “edified the Indian community on the investment incentives, the system put in place. by the government to attract economic operators and give them confidence, ”the newspaper notes.

Our colleague notes that Akoh Charles, of the Chamber of Commerce, has unfolded “the potential of the country by placing a particular emphasis on the riches which abound in the subsoil of Cameroon. His speech will also highlight areas in which Indian companies could invest effectively, particularly in the mining, pharmaceutical, energy and construction materials sectors. Cotton, fruit processing, cocoa and coffee are also veins to explore ”, we can read.