Ecowas Trade Commission Launched in Chennai
- Opening of Opportunities for Tamil Nadu Businessmen in Ecowas Region
- Jinnah Rafiq from Tamil Nadu, head the delegation to Ghana from India High Commissioner of Ghana in India presents Ghana Coffee
- Indian Economic Trade Organization President Asif Iqbal welcomes the High Commissioner of Ghana in India His Excellency Kwaku Asomah-Cheremeh
- Ernest Nana Adjei, Counsellor from the Ghana High Commission will present the latest reformed business policy of Ghana that is very prospective for investors.
Chennai, 12th August, 2022: The India Africa Trade Council organized the India ECOWAS Trade Conference whi ch is attended by the Business community in South India especially Tamil Nadu. The President of Indian Econ om ic Trade Organization Dr. Asif Iqbal welcomed the High Commissioner of Ghana in India His Excellency Kwaku A somah-Cheremeh and pledged the commitment of support between the two nations for a robust partnership. T here is a huge interest in India for Ghana, a country with great scope for bilateral trading opportunities in Phar ma, Medicines, IT development, Textiles, Garments and Industrial development by Indian companies. The Amba ssador is also accompanied by the Minister, Counsellor from the Ghana High Commission in New Delhi Ernest Nana Adjei who presented the latest reformed business policy of Ghana that is very prospective for investors.
T he Head of Ministry of External Affairs in Chennai Dr. Venkatachalam Murugan will grace the Opening ceremo ny of the ECOWAS Trade Commission to be headed by Mr Jinnah Rafiq who delivered the address and welcom ed High Commissioner of Ghana to Chennai. He read out the commitment of the Chief Minister of Tamil nadu w ho is pushing foreign relations to a new reformed policy in the state. During the Event the Ambassador present ed the Ghana Coffee to the MEA official and will explore the option of formally launching the coffee during the visit of the Investment Council of Ghana in October. The ECOWAS del egation will be headed to Ghana Accra in October 2022 at the World Trade to cover the opportunities and invite prospective businessmen to invest in Gh ana in sectors of Pharmaceutical, Garments, Textiles, Agro processing.
The event is attended by the Head of MEA Secretariat Dr. Venkatachalam Murugan IFS who also spoke about ac celerating India’s relationship with the African region and welcomed delegates from Tamil nadu state to pled ge support for the various other nations around the African region. Previously he was heading the East and So uth Africa (ESA) division in the Ministry of External Affairs, Govt of India. Shri Jinnah Rafiq spoke about India’s effor ts in strengthening relations especially when India is celebrating 75 years of India’s Independence. India has also in the past extended various credit lines to Ghana through the Exim Bank a line of credit of USD 75 milli on (over Rs 500 crore) for financing Industrial parks.
During the conference, the letter of Appointment was given to Jinnah Rafiq as the Trade commissioner for the India Africa Trade Council-ECOWAS Trade Commission. He will drive the relationships between India and the ECOWAS countries. “Tamil Nadu being a hub for many GCC countries can be a great destination for Ghana due to its proximity and its past linkages to India, We welcome investments for Ghana and will act as a catalyst to co nnect this country with our state of Tamil nadu” said Mr. Jinnah Rafiq who will be opening the trade office soon.
The ongoing Government of India assistance in developmental projects in Ghana continued with sanctioned Li nes of Credit worth more than US$1 billion to the Government of Ghana for construction of Infrastructure and power transmission lines. Ghana is one of the largest recipient of long term concessional credit from India in Afr ica. The High Commissioner also presented the opportunities to the main guests from Tamilnadu and also expre ssed great interest in supporting the trade relations between the two countries and invited the trade communit y to explore all the available choices for investors.
India Africa Trade Council (IATC) is working on building bilateral trade relations by assisting Indian companies th at are looking at various projects coming up in African region for promoting growth in commerce and trade, espe cially in Indian Pharma which likely to increase as the Ethiopia market expands. The India Africa Trade Council pr eviously hosted the Additional Secretary of the Africa region, Ministry of External Affairs during which the mec hanisms between India and Africa were concluded.
