India, Mozambique to deepen economic engagement
Source: PTI India and Mozambique on Wednesday decided to ramp up economic engagement, particularly in the energy sector with Prime Minister Narendra Modi saying the African nation can be a "large source" of coal and natural gas to drive the growth of Indian economy. During his wide-ranging talks with President Filipe Nyusi, Modi hoped that Mozambique, with its estimated 180 trillion cubic feet of off-shore gas reserves, would provide an "encouraging environment" for Indian investments in various key areas including hydrocarbons, minerals and infrastructure. Both sides inked an MoU on Cooperation in the field of renewable energy. The two leaders deliberated on a range of issues including cooperation in defence, maritime security in the Indian Ocean region, agriculture and ocean economy. ...
GoI issues tenders to import 5,000 tonnes of pulses to check price hike
The Dollar Business Bureau The government has issued a tender to import around 5,000 tonnes of pigeon peas from September. The move is aimed at checking the rising prices of pulse and bridging the demand-supply gap in the domestic market. In order to check inflation and ensure adequate supply of pulses in the country, the government has asked MMTC and other trading agencies to buy pulses from abroad, according to reports. The MMTC has already invited bids for the supply of 5,000 tonnes of pigeon peas and the quantity can be increased further, the report said. Importers of pigeon peas from Myanmar, Malawi or Mozambique can send their bids by July 10 and a shipment of 2,500 tonnes each must reach Mumbai ...
Indian firms likely to invest $6 bn in Mozambique ONG sector
Sai Nikesh | The Dollar Business Indian oil companies are likely to make an investment of around $ 6 billion in Mozambique’s oil and gas exploration sector. A statement to this effect was made by Dharmendra Pradhan, Indian Minister of State (Independent Charge) for Petroleum and Natural Gas, on Monday, say the reports. The Minister was said to have informed that the State-run Oil & Natural Gas Corporation (ONGC), Oil India Limited (OIL) and Bharat Petroleum Corporation Limited (BPCL), will be investing around $ 6 billion for development of a giant gas field off the Mozambique coast, over the next four years. Besides the development of the gas field, the investments are also focused at converting the fuel into ...
