India has pledged its commitment to partnering with the Nigerian energy sector to facilitate a seamless energy transition process.
India High Commissioner to Nigeria, His excellency Shri G. Balasubramanian stated this while on a tour of Indian pavilion at just concluded NOG Energy Week Conference & Exhibition held recently from 9th – 13th July 2023 in Abuja.
Balasubramanian said that India is playing a good role in renewable energy, ‘we have some expertise on it, and we hope to collaborate with Nigeria on it. I know there are huge opportunities for both countries to leverage on.
According to him, “We are excited to participate at this year’s NOG. Indian has a good number of participations this year. India has about 48 exhibitors this year. This is an increase compared to last year’s conference.
“The layout is very organised. The layout is very easy to navigate. The exhibitors have very good and prime positions which would help them in attracting more customers to their own item which they’re exhibiting. All in all, I believe that this is a very well organised exhibition,” Shri G. Balasubramanian stated
He said that Indian companies exhibiting are well grounded and technological driven companies with quality and affordable products and services. Trusting that they will find business opportunities in Nigeria.
Speaking on the growth of Indian economy , he affirmed that innovation , investment banking, and technology are key drivers of the Indian economic growth.
He noted that in the past few years, a lot of innovations are taking place in the country through which the economy has been propelled from where it was to where it is today .
“We still believe there is a long way to go, we are still an emerging economy, and there are still needs for the government to continue to support innovations , Fintech, and new startups.
‘For example in two years we have had more than 100 unicorn startups, a unicorn is a startup company that has an asset value of $1billion , and more that 5000 thousand startups have being created in about four to five years now.
“We are heavily investing in agriculture, pharmaceutical, and energy, and we are willing to collaborate more with Nigeria in many fronts. This NOG exhibition is to showcase the technology and innovation from India for our mutual benefits’’ he said.
Regarding energy transition, the High Commissioner emphasized India’s role as a leader in renewable energy. He expressed India’s willingness to share its expertise with Nigeria and explore opportunities for collaboration in this domain.
“There are vast opportunities for both countries to leverage on,” Balasubramanian added.
The NOG Energy Week is a major event in the Nigerian energy industry. NOG reflects the growing importance of sustainable energy in Nigeria and the world.
The event brings together stakeholders from all over the country to discuss the latest trends and developments in the sector.
The conference is also a great opportunity for networking and business development.