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10/04/2018 11:08am

India offers cooperation in SME sector to African country Equatorial Guinea

image India offers cooperation in SME sector to African country Equatorial Guinea

New Delhi, Apr 10 (KNN) President of India Ram Nath Kovind during his address in the National Assembly of Equatorial Guinea made a special case for possible cooperation in the Small and Medium Enterprises (SME) sector between the two countries.

The President said that India has been able to realise that the SME sector can be a big job creator and prove to be beneficial towards the economy; therefore India is willing to cooperate with Equatorial Guinea along the lines.

“India is also happy to cooperate in vocational training, skill development and incubation of entrepreneurship, especially in small and medium enterprises”, Kovind said.

As we have found in India, the SME sector can be a big job creator and an effective mechanism to distribute prosperity. In other areas too, such as building English-language centres, there is much that India can unhesitatingly contribute, the president added.

Kovind’s visit to Equatorial Guinea is the first ever visit of a Head of State from India to the country. Earlier in the day, The President was received at the Malabo airport by Teodoro Obiang Nguema Mbasogo, the President of Equatorial Guinea, along with his cabinet colleagues and other dignitaries.

President Kovind in his official remarks appreciated President Obiang on Equatorial Guinea achieving the highest per capita GDP for any country in the African continent. He stated that India is ready to partner Equatorial Guinea which is diversifying its economy and reducing its dependence on oil and gas exports.  (With MEA inputs) (KNN/DA)

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  1. Debashis
    Debashis 12/04/2018 8:40 AM

    Hello, Basilio Makendengue .... Purpose of the Cooperation is may the youth of Equatorial Guinea aware about the entrepreneurial development ecosystem of India from which appropriate learnings may be done.

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  2. Basilio Makendengue
    Basilio Makendengue 11/04/2018 2:29 PM

    Does this mean that the people (especially the youth) of Equatorial Guinea are not capable for entrepreneurship development for their very one country?

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