Indian delegation to explore investment opportunities

Business News of Tuesday, 8 December 2015


Indian Delegation To GhThe delegation led by Mr Mahay

A 20-member Indian business delegation, which is in the country to explore investment opportunities, yesterday conferred with the Vice-President, Mr Kwesi Amissah-Arthur.

The delegation was led to the Flagstaff House by the Indian High Commissioner in Accra, Mr Jeeva Sagar, and comprised businessmen and women from the educational, telecommunications, agro-processing, construction, agricultural and the energy sectors of India.

They are in the country to identify Ghanaian businesses and partner them for their mutual benefit.

Briefing Mr Amissah-Arthur on the delegation’s mission to Ghana, the leader, Mr Hemant Kumar Mahay, recognised the close ties between the two countries, adding that the relationship had blossomed to the extent that there were currently many Ghanaians of Indian origin who were contributing to the country’s development.

Mr Mahay expressed optimism that the team would go to India on a positive note and return to partner their Ghanaian counterparts in businesses that would be mutually beneficial to the two countries.

Mr Mahay described Ghana as a country of great democratic depth and institutional strength, adding that the country was endowed with natural resources and had the capacity to overcome its challenges.

Responding, the Vice-President recalled that the relationship between Ghana and India dated back to the post-independence era and underscored the need for the two countries to continue working together.

He told the delegation that Ghana had a significant social cohesion and strong political stability that guaranteed security for the country.

On the economic front, Mr Amissah-Arthur said the government had tasked itself with managing the macro economy in the last three years and was now shifting focus to “real-sector investment” for growth and job creation.

It was against that backdrop that he stressed the need for a public-private partnership (PPP) that allowed for the exploitation of the country’s resources, especially in the less-exploited areas such as transport and renewable energy.

“We want to identify private investors in Ghana who have knowledge of the various sectors to partner with foreign investors so that together we can move forward,” the Vice-President added.

A Deputy Minister of Finance, Mrs Helen Mona Quartey, said the government was also searching for more foreign direct investments in the agricultural sector and assured prospective investors of the government’s readiness to help provide land for their operations.

She said of particular concern to the government was the issue of post-harvest losses, and to stem the tide, Mrs Quartey asked the Indian investors to consider the agricultural sector.

The Deputy Minister of Trade and Industry, Mr Kweku Ricketts-Hagan, called for investments to be made in the building of industrial and technology parks in the country.