July 16, 2024

India to leverage technological base, energy expertise to boost Nigeria’s energy transition agenda –  HE Balasubramanian, High Commissioner of India 

HE Balasubramanian, High Commissioner of India to Nigeria

Oredola Adeola

 

The High Commissioner of India in Nigeria, Shri G. Balasubramanian, has expressed India’s willingness to collaborate with Nigeria to boost the country’s energy transition agenda, leveraging India’s rich technological base and expertise in the energy sector

 

Balasubramanian stated on the sideline of the just concluded NOG Energy Week Conference & Exhibition 2023 held in Abuja.

 

He said that India is playing a good role in renewable energy, ‘we have some expertise on it and we hope to collaborate with Nigeria on it. I know there are huge opportunities for both countries to leverage on.
Expressing excitement of the Indian Investment community to commitment to massive investment in all sector of the Nigeria’s economy, the Ambassador stated that Indian has a good number of participations this year NOG Week.
He noted that the country has about 48 exhibitors this year, this is an increase compared to last year’s conference, consisting of some of Indian’s best technological driven companies with quality and affordable products and services..
Balasubramanian while commenting on the growth of the Indian economy and highlighted innovation, investment banking, and technology as key drivers of this growth, also mentioned that India has seen significant innovations in recent years, propelling the economy forward.
He however acknowledged that India is still an emerging economy and emphasized the need for continued government support for innovations, fintech, and new startups.
The Indian Ambassador to Nigeria therefore emphasised that his country has made significant progress, especially in the creation of over 100 unicorn startups (startups with an asset value of $1 billion) in two years and the investment in sectors like agriculture, pharmaceuticals, and energy.
He therefore expressed a willingness to collaborate more with Nigeria on various fronts, focusing on innovation, the growth of its economy, and other emerging sectors, especially India’s interest in Nigeria’s agriculture, pharmaceuticals, and energy.

 

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