India, Mozambique sign MoU for cooperation in renewable energy


India and Mozambique have signed a memorandum of understanding (MoU) aimed at improving cooperation in new and renewable energy sector.

The countries have maintained profitable trade relations and as of 2014-15 bilateral trade has been valued at $2.4 billion. According to a report trade between the countries has grown five-fold over the past five years.

At present India has more than $7 billion investments in the hydrocarbon and coal sectors of Mozambique.

For Mozambicans, India offers an important destination for higher education and high quality healthcare.

Ajith Kumar S