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2014-04-02

More than 100 Indian firms in Libya trade fair seeking business

Over 100 Indian companies are taking part in the Tripoli International Fair and are looking for business in health, education, IT, training, infrastructure, oil and gas, power and renewable energy in the North Africa nation that is seeing a slow, troubled transitioning to a democracy.

Over 100 Indian companies are taking part in the Tripoli International Fair and are looking for business in health, education, IT, training, infrastructure, oil and gas, power and renewable energy in the North Africa nation that is seeing a slow, troubled transitioning to a democracy.

 

Besides the exhibiting companies, an 18-member Confederation of Indian Industry (CII) delegation will also be visiting the country this week to identify mutually beneficial business and investment opportunities, Indian Ambassador, Anil Trigunayat said. The CII hopes to sign a MoU with the Libyan Business Council.

 

In return, the Libyan Export Promotion Centre will be invited to lead a delegation of Libyan business leaders to participate in the Indian International Fair in New Delhi in November 2014.

 

Many Indian companies have resumed their projects in Libya after the fall of Gaddafi. These firms have commissioned major power plants, constructed housing units, roads and bridges. Several new Indian companies are also looking for projects in the reconstruction, infrastructure and services space.

 

IT companies like DSS and JMR Infotech and some others have provided software and technical support to Libyan Banks and the oil and gas sector. Also, several Indian companies were discussing the possibilities of establishing cement factories.

 

“Indian investments in Libya are more than $4-5 billion and these could increase further if agreeable conditions and attractive investment laws are made available to investors", Trigunayat said.

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