Thursday, October 29, 2020
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India’s investments in Nigeria hit $15 billion

India, through her companies operating in the country has invested $15billion in Nigeria, its High Commissioner to Nigeria, Mr Abhay Thakur on Tuesday.

The envoy also said India companies were among the highest employer of labour with about 35,000 under its direct employment in Lagos State alone.

He spoke during the unveiling of a new showroom by Simba Group and TVS Company in Abuja.

The envoy said Nigeria had also benefited economically from the Simba Group, adding that such economic relations was not going to stop.

Also speaking, the Minister of State for Labour and Employment, Tayo Alasoadura urged Simba Group to set up factories in the country to create more jobs for the citizens.

The minister assured the envoy that the Federal Government would encourage whoever is ready to empower Nigerians through job creation.

He said: “On behalf of the Federal Government, I invite the Simba Group to come and set up factories in Nigeria, so that you can give to us what you do in India and we can replicate it and give to our people.

“I believe that in the whole of Africa, Nigeria will be your biggest market. You should come down to Nigeria and start manufacturing your products. We have the manpower and land.

“Our electricity is improving. You can do everything you are doing in India here. It will pay you more. You can empower and employ more people and Nigeria will be happy with you.”

Also, the Managing Director, Simba Group, Mr. Vineh Grover, said the company has trained about 500 on how to ride motorcycle.


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