President Sirleaf poses with the delegation from the India Exim Bank following their meeting in New Delhi
President Ellen Johnson Sirleaf Poses with the Delegation from the India Exim Bank
Pres. Sirleaf Meets Indian Entrepreneurs
MONROVIA, October 28 (LINA) - President Ellen Johnson Sirleaf has held several meetings with entrepreneurs in India on the possibility of doing business in Liberia.
They included the chairman and managing director of the Export-Import Bank of India (India Exim Bank), Yaduvendra and delegation, executives of Engineering Projects India (EPI), director of Silver Touch Technologies, Himansha Jain and delegation; GMR Family and executives of Western Cluster.
According to a dispatch from New Delhi, the Liberian leader held these separate meetings on Wednesdayahead of the third edition of the India-Africa Forum Summit which takes place on Thursday and Friday, October 29-30, respectively.
President Sirleaf arrived in New Delhi, India late Tuesday afternoon to join her African counterparts at the Summit, which will enable consultations at the highest political level between the heads of state and government of all 54 nations across Africa and the Indian government to give a new thrust to an age-old partnership.
It will also provide an opportunity to not only reflect on the past, but to define the road ahead in tune with the present times.
But during the meeting with executives of India’s Exim Bank, the Liberian President indicated that many programs, including its Line of Credit Agreement have not been touched due to the Ebola crisis, but noted that she was excited to be back in India and to hold discussions on how to move forward with the outstanding projects.
She told the entrepreneurs that she was glad to be back in India to meet with the country’s new Prime Minister Narendra Damodardas Modi, accelerate the commencement of outstanding projects, stimulate new interventions and strengthen Liberia- India relations.
Based on the bank’s interest, President Sirleaf also told its executives that intervention in the health sector was also a necessity as Liberia rebuilds its healthcare system after the Ebola crisis.
At the meeting with the India Exim Bank delegation, she discussed the implementation of the US$144 million Line of Credit Agreement for the energy sector.
Now that Ebola has been defeated, managing director Mathur informed President Sirleaf that the bank is ready for the execution of the agreement beginning with infrastructure, most especially with the transmission and distribution of power remaining the focus.
But he was quick to also point out that the bank was keen on social sector projects on the African continent with the building of healthcare infrastructure as a priority.
For their part, Engineering Project India Limited (EPI), a Government of India enterprise, briefed the Liberian President about their interest in the power, health and general infrastructure sector, especially the desire to assist the John F. Kennedy Medical Center on a basis of public-private partnership.
The group indicated that its goal will be to help Liberia advance with its plans to build a resilient healthcare system and proposed the signing of a Memorandum of Understanding (MOU) that will be non-binding on the Government of Liberia.
The group is expected to pay a visit to Liberia in two weeks and work on a feasibility tour in 30 days.
At the meeting with Silver Touch Technologies Limited, President Sirleaf was briefed about the group’s engagement with the Liberia Revenue Authority on its tax system as well as the visa process system.
They also expressed interest in the country’s educational sector with emphasis on Information Technology and computer engineering.