The economic links between India and Africa were strengthened this week by a memorandum of understanding signed with Nigeria.
SV India's Industry Minster, Mr. George Fernandes, and Nigeria's Commissioner for Economic Development, Dr. O. Adewoye, sign document.
SV Ministers stand and shake hands.
SV ZOOM INTO CU Mr. George Fernandes speaking in English.
GV ZOOM INTO CU Dr. Adewoye speaking in English.
FERNANDES: "We have taken a very great step forward in the economic relations between our two countries, with the signing of this memorandum of understanding.
I think it is one of the most wide-ranging and comprehensive documents that I have seen in regard to mutual co-operation between two countries."
ADEWOYE: "I agree with you entirely, that the agreement which we have endorsed this morning is one of the most comprehensive that the two of us have ever seen. It embraces many areas of co-operation, from metallurgical engineering to exploration of mineral resources, to training of personnel, and so on. I like to believe that this is a symbolic expression of our willingness to come together, not only as members of the same Commonwealth of countries, but also as two friendly nations."
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Background: The economic links between India and Africa were strengthened this week by a memorandum of understanding signed with Nigeria. The two countries also agreed to set up a Joint Commission to give further impetus to their industrial and economic co-operation. India already has extensive links with another African country, Tanzania.
SYNOPSIS: The memorandum was signed in the Indian capital, New Delhi, by India's Minister for Industry, Mr. George Fernandes, and Nigeria's Commissioner for Economic Development, Dr. O. Adewoye. The proposed Joint Commission will cover a large number of fields. They include industrial development, agriculture, petroleum and petroleum products, mining, steel, transport, trade and commerce, and training of personnel. Several areas were identified for co-operation in the field of irrigation. They include river basin development, dam construction, water management, and the development of water resources. Both Mr. Fernandes and Dr. Adewoye paid tribute to the comprehensive nature of the document.