The Associated Chambers of Commerce of India (ASSOCHAM) has pledged to support the Federal Government in getting more investors to do business in Nigeria’s agricultural sector and other related sectors of the economy.
The Chairman of ASSOCHAM, India-Nigeria chapter, Edwin Devakumar, made the pledge at a business event themed ‘Nigeria-India Cooperation in Agriculture and Allied Sectors, Opportunities and Way Forward’ held in Abuja.
Devakumar assured that ASSOCHAM would help promote business investments in Nigeria to speed up developments in the agriculture sector. He revealed that his organisation has, to this effect, signed a Memorandum of Understanding (MoU) with the Nigerian Association of Chambers of Commerce, Industry, Mines and Agriculture (NACCIMA) to lure more investors from India.
ASSOCHAM recently launched an online platform to make links, interactions and discussions on business opportunities between Nigerian and Indian investors more convenient.
“It is a website where Nigeria and India chambers can speak with one voice; where they can use as means to encourage Indians to invest in Nigeria agriculture, ICT and Housing sectors,’’ Devakumar explained.
Yashpal Jain of Triton Group, a commanding player in Nigeria’s Poultry and Aqua industry, who spoke on the explosive power that a Nigeria-India Agro-combination can trigger, disclosed that India produces up to 3.8 million broilers per year and is the largest producer of eggs in the World.
He noted that youths, forming part of India’s 1.3 billion population, created jobs for themselves through the country’s agriculture and allied sectors.
He therefore urged the Federal Government to encourage its youths to embrace agriculture in meeting the food needs of an extant 180 million population.