A high-level visiting Indian Investment Team from the Oversees Infrastructure Alliance led by its Chairman, former Indian Ambassador His Excellency V. B. Soni, on Wednesday, December 11, 2013, paid a courtesy call on Foreign Minister Augustine Kpehe Ngafuan at the Ministry of Foreign Affairs.
The visit is aimed at exploring Indian investment in the Liberian economy.
Ambassador Soni is former Indian Ambassador to Ukraine, Senegal, Mali, Mauritania, Haiti, Georgia, Guinea Bissau, Dominican Republic, Cape Verde and Armenia.
The high level Indian business group was received in audience upon arrival at the Ministry by Deputy Minister for International Cooperation and Economic Integration, Mr. Elias Shonoyin, on behalf of the Liberia’s Foreign Minister Augustine Ngafuan.
While receiving the investors on behalf Minister Ngafuan, Min. Shonoyin welcomed the delegation to Liberia and stated that Liberia has an excellent economic environment for investment but needs robust energy and power supply to attract investors to the country.
Deputy Minister Shonoyin told the visiting Indian delegation that Liberia is open to any Foreign Investor who may want to invest in the country, adding that Liberia and India are working to expand cooperation aimed at enhancing Indian investment here.
Deputy Minister Shonoyin observed that Liberia has rich and virgin resources for Agriculture purposes but the nation lacks the technical and technological knowhow to attract mechanized farming to boost its economy.
Earlier, the Chairman of the visiting Indian Business Team, Ambassador V.B. Soni said he and his team were in Liberia to invest in the country’s economy through various sectors including energy, power supply, agriculture and health sector as well as infrastructural development.
The former Indian Ambassador and Chairman of the Oversees Infrastructure Alliance , noted that since independence, India with all its virgin resources was unable to feed itself but its success story began with a revolution that made the nation to produce its own food and secure food security.
Ambassador V. B. Soni encouraged Liberia to emulate the good examples of other African countries which he said are benefiting in Indian investment in millions of dollars. The head of delegation also disclosed plans by his team to invest in the transportation sector and the sugar cane industries.