Team Blitz India
NEW DELHI: India and Nigeria have agreed to an early conclusion of a local currency settlement system agreement to further strengthen economic ties between the two countries.
According to the department of commerce, a seven-member delegation from India led by Additional Secretary in the commerce ministry Amardeep Singh Bhatia visited, Nigeria for the second session of India-Nigeria Joint Trade Committee (JTC) recently. It was held after a gap of five years.
Both sides have identified several focus areas to enhance bilateral trade and mutually beneficial investments.
The sectors include crude oil, natural gas, pharmaceuticals, unified payments interface (UPI), local currency settlement system, power and renewable energy, agriculture and food processing, education, transport, railway, aviation, and MSMEs development.
