Zitouni emphasizes, in New Delhi, investment incentives for Indian Companies in Algeria

ALGIERS- The Minister of Domestic Trade and National Market Regulation, Tayeb Zitouni, highlighted in New Delhi the incentives that Indian companies could benefit from when wishing to invest in Algeria, during his discussions with the president of the Confederation of Indian Industry, Sanjiv Puri, on the sidelines of his participation in the 29th Partnership Summit organized in the Indian capital, the ministry said Tuesday in a statement.

 

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During this meeting, which took place in the presence of the Algerian Ambassador to India, Ali Achoui, Zitouni emphasized the importance of cooperation between the two countries in priority areas and the exchange of expertise to strengthen economic relations in service of their common interests, assuring that Algeria is ready to grant all facilitations to Indian companies wishing to invest in Algeria.

 

Following Algeria's participation in the summit, Sanjiv Puri expressed gratitude and commended the country's proactive approach to strengthening international economic partnerships. He emphasized that the Confederation of Indian Industry is actively seeking promising investment opportunities, with particular interest in heavy industry, agriculture, and technological sectors.

 

On the sidelines of the Summit, Zitouni engaged in a strategic meeting with Jyoti Vij, Director General of the Indian Federation of Commerce and Industry. Their discussions centered on expanding economic collaboration between Algeria and India, building upon insights gained during the Indian delegation's previous visit to Algeria in October, which revealed significant investment potential.

 

Both parties committed to enhancing business exchanges by increasing reciprocal trade missions and collaboratively organizing economic forums designed to bolster bilateral investment opportunities.

 

Zitouni underscored Algeria's readiness to provide comprehensive support for these initiatives, showcasing the significant potential within the Algerian market.  

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