India eyes Yemeni minerals

Discussion in 'Foreign Relations' started by ejazr, Dec 27, 2010.

  1. ejazr

    ejazr Stars and Ambassadors Stars and Ambassadors

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    http://www.sabanews.net/en/news231320.htm

    SANA'A, Dec. 20 (Saba) - Indian ambassador to Yemen Ausuf Sayeed affirmed on Monday the keenness of Indian private sector to invest in mineral exploration in Yemen, particularly iron and fertilizers.

    During his meeting with Deputy Minister of Planning and International Cooperation Hisham Sharaf, the Indian diplomat hailed the cooperation level between Yemen and India, pinning hops that the future will witness a progress in the bilateral cooperation.

    The deputy minister welcomed the Indian and Asian investments in Yemen.

    Sharaf and Sayeed discussed a number of issues related to enhancing Yemeni-Indian investment cooperation and implementing the two countries' joint trends via encouraging investment exchange.

    The two officials also talked in detail about some agreements ready to be signed between Yemen and India in different fields during the upcoming meetings of the Yemeni-Indian joint committee to be held in the first quarter of 2011.

    They also dealt with possibility to conduct feasibility studies for a number of projects to be funded by the Indian government.
     
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  3. Tshering22

    Tshering22 Sikkimese Saber Senior Member

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    Yemen has potential since it is an unexplored and "assumed poor" country. Though it lacks in oil, it must have other resources that would make up for that one shortage. Now we need to get there before Chinese companies crash the party.
     

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