India-Libya trade better than before

India has conveyed its readiness to extend all possible assistance to Libya in its political transition and reconstruction and offered humanitarian assistance to the tune of $2 million.

Written by HumaSiddiqui | New Delhi | Published: March 31, 2013 2:58 pm

India has conveyed its readiness to extend all possible assistance to Libya in its political transition and reconstruction and offered humanitarian assistance to the tune of $2 million.

Talking to FE from Tripoli, Anil Trigunayat,ambassador of India to that country said, “ India has offered to conduct executive development programme on International Business in the State of Libya especially focused on small & medium enterprises development. Also,we have offered assistance in the area of capacity building through provision of Vocational Training Centre and scholarships under the ITEC.”

Adding,“during various meetings with senior leaders of the country the two sides have discussed ways and means for enhancing trade & economic cooperation and business relations between the two.”

According to Pinak Ranjan Chakravarty,Secretary (Economic Relations),MEA,“the new Libyan leadership,including Mohamed Yousef el-Magariaf,president of the General National Congress of Libya and Prime Minister Ali Zeidan are “familiar with India” having served in the Libyan embassy here in late 70s.” Interestingly,the Prime minister of that country has studied at Jawahar Lal Nehru University.

Political transition is not easy for the countries affected by the Arab Spring. “Creating democratic institutions from virtually scratch will be a long process but not impossible,” Chakravarty said,adding,“India has tried to help wherever possible in places with election management”.

“ Our current trade has exceeded the trade even in pre-crisis years. Hydrocarbons,crude supply,capacity building,trade and investment and health care ,education remain key priorities. Recently we had a 15 member CEOs delegation from the CII to Libya and they were able to discuss and engage in mutually beneficial business relationships including Joint ventures,mergers and acquisitions as well as trade,” Trigunayat said.

“India is an acknowledged global leader in information technology and this is yet another area where we could work together especially in banking,financial sector,education and other applications. India has also offered to provide 1000 artificial limbs as a gift from the government to Libya and offered to establish Vocational Training Centers as well as an artificial Limb camp and Centre for injured Libyans,” the Indian envoy told FE.

Both sides are keen on the re-activation of pan African e-network project centers in Libya.

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