Mozambique invites Indian investment
GSI, Mineral Exploration activities highlightedMozambique opens up mining sector to private initiative
NEW DELHI: A delegation from the Republic of Mozambique, a Southern African nation, headed by Minister for Mineral Resources, Esperanca Laurinda Bias, Mozambique, called on the Minister of State for Mines, T. Subbarami Reddy, to discuss bilateral cooperation in the mining sector here on Monday.
Both sides briefed each other regarding their mining resources, technologies and expertise in the field.
During the meeting, Ms. Bias informed her Indian counterpart that Mozambique had opened up its mining sector to private initiative and international investors. The country had abundant mineral resources like gold, diamond, base metals, minerals, sands, graphite and coal.
She invited Indian entrepreneurs to visit Mozambique and find out the possibilities for investment in the mining sector.
Mr. Reddy gave a brief outline of India's vast mineral resources and the activities of the Geological Survey of India (GSI), Mineral Exploration Corporation, and Indian Bureau of Mines who have age-old expertise and modern technologies in the field of exploration and exploitation of mineral wealth.
The Minister of States for Mines hoped that the exchange of programmes between the two countries would help enrich their mineral sectors.