A number of Indian firms have declared their intention to invest in the African mining industry.
Rachna Jindal, Deputy Director of CII, commented, There are a lot of opportunities for Indian companies to take advantage of Ghana and Africa, and so Indian companies have come to show what they can deliver. We have the infrastructure that is necessary and ready to make our knowledge accessible to those countries that need it.
According to a mining report conducted by KPMG, the African continent contributed 6.5 percent of the world's mineral exports to 20 percent of the world's land area. The Southern African Development Group (SADC) provides two-thirds of Africa's mineral exports by volume, with South Africa leading the pack.
In fact, Ghana is richly endowed with natural resources such as gold, diamonds, manganese, bauxite, iron ore, limestone, kaolin, feldspar and silica sands. On its website, the Ministry of Lands and Natural Resources of Ghana claimed that political stability, availability of geological data, favorable investment environment and improvised governance are the reasons that placed Ghana in a favorable position with investors.
Ghana-Indian High Commissioner said that Ghana is rich in energy, though Indian technology and experience in the mining and power sectors is necessary and compatible with this friendly country's growth model. The convergence of these complementary strengths augurs well for the bilateral economic cooperation between India and Ghana.
Director of Shashwat Cables in Dehradun, in the North Indian state of Uttarakhand, said that his company was searching for opportunities in Ethiopia and Ghana, even though they had set their eyes on investing across the African continent as a whole. We want to collaborate with companies in the power sector initially to supply our goods but will look at joint projects that will potentially contribute to the establishment of production facilities in Africa, he said.