{"id":34541,"date":"2022-04-07T18:21:46","date_gmt":"2022-04-07T12:51:46","guid":{"rendered":"https:\/\/tradebrains.in\/features\/gabon-india\/"},"modified":"2022-04-07T18:21:46","modified_gmt":"2022-04-07T12:51:46","slug":"gabon-india","status":"publish","type":"post","link":"https:\/\/tradebrains.in\/features\/gabon-india\/","title":{"rendered":"Gabon &#8216;greedy&#8217; for investments from India: Minister Madiya"},"content":{"rendered":"<div class=\"trade-content_2\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-3420686101\"><p><a href=\"https:\/\/tradebrains.in\/get\/telegram\/\"><img decoding=\"async\" class=\"alignnone wp-image-101992\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2023\/01\/telegram-channel-300x119.png\" alt=\"\" width=\"148\" height=\"59\" \/><\/a> <a href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMN3Epgswxc--Aw?hl=en-IN&amp;gl=IN&amp;ceid=IN%3Aen\"><img decoding=\"async\" class=\"alignnone wp-image-123430\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png\" alt=\"follow-on-google-news\" width=\"222\" height=\"61\" srcset=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png 300w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-150x41.png 150w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news.png 468w\" sizes=\"(max-width: 222px) 100vw, 222px\" \/><\/a><\/p>\n<\/div><p>Libreville (Gabon), Apr 7 (PTI) Resource-rich Gabon is &#8220;greedy&#8221; for investments from India and is expected to sign a bilateral trade and investment treaty later this year with India to further improve the bilateral economic ties, Foreign Investment Minister Hugues Mbadinga Madiya has said.<\/p><div class=\"trade-content_7\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-4051434556\"><!-- Composite Start --> \r\n <div id=\"M923760ScriptRootC1549812\"> \r\n <\/div> \r\n <script src=\"https:\/\/jsc.mgid.com\/t\/r\/tradebrains.in.1549812.js\" async> \r\n <\/script> \r\n <!-- Composite End --><\/div>\n<p>Located on the west coast of Africa, Gabon is fast emerging as an investment destination for industries in sectors such as fisheries, wood, health, mining, infrastructure projects and tourism.<\/p>\n<p>&#8220;Gabon is greedy to attract more Indian companies. We also want to develop our tourism sector and encourage more Indians to visit our country and in turn, we also want Gabonese to visit India and further enhance the bond between the two countries,&#8221; Madiya, who is the Minister for the Promotion of Investments, Public-Private Partnerships and in-charge of Improving the Business Environment, told PTI in an interview.<\/p>\n<p>&#8220;Our aim is to quickly have new projects, new investors because we want to re-launch our economy after the crisis,\u201d Madiya said, referring to the Covid-19 pandemic that wreaked havoc on the global economy during the last two years.<\/p><div class=\"trade-content_5\" id=\"trade-532943175\"><script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-4023722985638610\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<!-- in_content_2_news -->\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-client=\"ca-pub-4023722985638610\"\r\n     data-ad-slot=\"7925020301\"\r\n     data-ad-format=\"auto\"\r\n     data-full-width-responsive=\"true\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script><\/div>\n<p>Gabon also appears to be inspired by the \u2018Make in India\u2019 initiative and plans to host exclusive showrooms displaying \u2018Make in Gabon\u2019 products in countries such as India, the UAE and the US.<\/p>\n<p>Madiya said that India was Gabon&#8217;s third largest trade partner with the trade volume going from USD 52.77 billion in 2016 to USD 111 billion in 2019.<\/p>\n<p>The trade between the two countries has increased since the establishment of the Special Economic Zone in 2019.<\/p>\n<p>&#8220;There is a boom of investments from India here. Now there are a lot of Indian or Indian origin companies. We are also trying to enhance and promote our country in the international market as 88 per cent of our land is covered and protected with tropical rainforest,\u201d he said.<\/p>\n<p>The minister said that Gabon has been able to attract Indian investors in recent years as there is willingness to embrace Indians who are known for their skills, technology and leading industrial development.<\/p>\n<p>&#8220;We have decided to move forward with a bilateral trade and investment treaty with India. Both Gabon and India are putting their efforts together to have this treaty signed by the end of this year,&#8221; Madiya said.<\/p><div class=\"trade-content-10\" id=\"trade-3800243320\"><script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-4023722985638610\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<!-- in_content_3_news -->\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-client=\"ca-pub-4023722985638610\"\r\n     data-ad-slot=\"2969612066\"\r\n     data-ad-format=\"auto\"\r\n     data-full-width-responsive=\"true\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script><\/div>\n<p>The Gabon National Investment Promotion Agency and Invest India signed a Memorandum of Understanding to promote trade, investments and economic cooperation.<\/p>\n<p>Madiya said Gabon was a resource-rich country which makes it an attractive investment destination, especially in high priority sectors such as wood, agriculture, transformation and energy.<\/p>\n<p>Asked about the incentives offered to businesses, the minister said the Special Economic Zone in Nkok allows investors to develop businesses in diverse industries and offers tax exemption for three years in certain sectors.<\/p>\n<p>He said the Nkok SEZ is home to more than 40 Indian companies, mostly in the wood sector. PTI AMP ZH AKJ  ZH ZH<\/p>\n<div class=\"trade-after-content\" id=\"trade-3916800241\"><div id=\"taboola-below-article-thumbnails\"><\/div>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({\r\n    mode: 'alternating-thumbnails-a',\r\n    container: 'taboola-below-article-thumbnails',\r\n    placement: 'Below Article Thumbnails',\r\n    target_type: 'mix'\r\n  });\r\n<\/script>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({flush: true});\r\n<\/script><\/div>","protected":false},"excerpt":{"rendered":"<p>Libreville (Gabon), Apr 7 (PTI) Resource-rich Gabon is &#8220;greedy&#8221; for investments from India and is expected to sign a bilateral trade and investment treaty later this year with India to further improve the bilateral economic ties, Foreign Investment Minister Hugues Mbadinga Madiya has said. Located on the west coast of Africa, Gabon is fast emerging [&hellip;]<\/p>\n","protected":false},"author":13,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","footnotes":""},"categories":[1697,31],"tags":[],"class_list":["post-34541","post","type-post","status-publish","format-standard","hentry","category-economy","category-news"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v20.5 (Yoast SEO v25.0) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Gabon &#039;greedy&#039; for investments from India: Minister Madiya - Trade Brains Features<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/tradebrains.in\/features\/gabon-india\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Gabon &#039;greedy&#039; for investments from India: Minister Madiya\" \/>\n<meta property=\"og:description\" content=\"Libreville (Gabon), Apr 7 (PTI) Resource-rich Gabon is &#8220;greedy&#8221; for investments from India and is expected to sign a bilateral trade and investment treaty later this year with India to further improve the bilateral economic ties, Foreign Investment Minister Hugues Mbadinga Madiya has said. 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