Economy – Prospects of investing with Indian operators in Algeria in a growing sector. Dzair Daily tells you all the details, in the remainder of the issue Wednesday 24 August 2022.
Indeed, more and more foreign companies are interested in investing in Algeria. This is because of the many assets that our country has. This offers a sizeable advantage to enrich its economy. We are currently witnessing the strengthening of relations between Algeria and India through investment prospects in certain sectors.
In detail, the Secretary General of the Ministry of Transitional Energy and Renewable Energy, Bouziane Mahmah, received foreign investors on Tuesday in Algiers. This is the representative of the Indian company “Kalpataru Power Transmission LTD”, Ramesh Gupta. Thus, the meeting took place in the context of technical cooperation and investment prospects.
In this regard, during this interview, which took place at the ministry’s headquarters, Indian investors underlined their great interest in Algeria. And this, in the field of renewable energy, particularly photovoltaic and biomass. Our country is then headed for the completion of major projects in this sector, while ensuring promising Hindu-Algerian relations.
Algeria in partnership with India: here’s the outcome of the meeting
In line with that, Bouziane Mahmah emphasized that his party had prepared a strategy that revolved around the energy transition. It is mainly focused on the development and massive promotion of renewable energy. And this, by urging Indian officials and businessmen to come and invest in this field in Algeria.
At the same time, the Secretary General of the Ministry of Transitional Energy and Renewable Energy also underlined the importance of the 15,000 MW project by 2035. This aroused real interest from representatives of the Indian company, KRTL.
Meanwhile, Ramesh Gupta, revealed his company perspective. This, in terms of providing EPC subcontracting services for pipelines. As well as terminals and stations for gas collection, energy transmission. In addition to achievements in the international photovoltaic field.
