President Droupadi Murmu Advocates for Enhanced India-Algeria Economic Cooperation
During the India-Algeria Economic Forum, President Droupadi Murmu emphasized the need for stronger economic ties between India and Algeria. The forum, a collaborative effort by the Algerian Economic Renewal Council and the Federation of Indian Chambers of Commerce and Industry, saw participation from business and government leaders of both nations.
Commendation of Algerian Reforms
President Murmu praised Algerian President Abdelmadjid Tebboune for his transformative reforms, highlighting Algeria’s commitment to inclusive growth and democracy. She recalled the historical ties between the two countries, noting India’s support for Algeria’s freedom struggle and their shared commitment to peace and prosperity.
India’s Economic Growth and Opportunities
Murmu pointed out India’s position as the fourth-largest trading partner of Africa, with significant trade and investment figures. She encouraged Indian companies to explore Algeria’s economic opportunities, citing Algeria’s 4% GDP growth and numerous investment projects.
Potential for Trade Expansion
With current India-Algeria trade at USD 1.7 billion, Murmu identified sectors like energy, construction, and pharmaceuticals for potential collaboration. She also invited Algerian businesses to participate in India’s initiatives like ‘Make in India’ and ‘Make for World’.
Invitation for Collaboration
President Murmu expressed India’s readiness to share its advancements in science, technology, and renewable energy with Algeria. She acknowledged the Indian community in Algeria as a vital link between the two nations.
Commitment to Strengthening Relations
Concluding her address, Murmu reiterated the commitment of both countries to enhance their partnership. Her visit to Algeria is part of a broader tour of Africa, including stops in Mauritania and Malawi.
Doubts Revealed
Droupadi Murmu -: Droupadi Murmu is the President of India. She is an important leader who represents India in various international matters.
Algeria -: Algeria is a country in North Africa. It is known for its vast desert areas and rich natural resources like oil and gas.
Economic Ties -: Economic ties refer to the financial and trade relationships between two countries. It involves buying and selling goods, services, and investments between them.
India-Algeria Economic Forum -: The India-Algeria Economic Forum is a meeting where leaders and business people from India and Algeria discuss ways to improve trade and economic cooperation between the two countries.
Abdelmadjid Tebboune -: Abdelmadjid Tebboune is the President of Algeria. He is responsible for leading the country and making important decisions about its future.
Trading Partner -: A trading partner is a country that another country regularly buys from or sells goods and services to. India is a major trading partner for many countries in Africa, including Algeria.
Sectors -: Sectors are different parts of the economy, like energy, technology, agriculture, etc. Collaboration in sectors means working together in these areas to improve and grow.
Indian Community -: The Indian community refers to people from India who live and work in another country, like Algeria. They contribute to the local economy and culture.
