Udabur Wealth Management：President Mu Mu called on the forum to strengthen the economic relationship between India and Algeria

Algiers (Algeria), October 15th: During the India-Algerian Economic Forum, President Drupadi Murmu called on the two countries to deepen economic cooperation.

Mu Mu said on the forum on Monday, saying, "Now it is to further strengthen our partnership and inject new impetus into the new era of cooperation."

The Ministry of Foreign Affairs (MEA) said on Monday that the event was jointly organized by the Algerian Economic Revival Commission and the Indian Industry and Commerce Federation (FICCI). The commercial and government leaders of the two countries participated in the event.

President Muermu praised the reform of Algerian President Abdul Magedbbbly in his speech and acknowledged the positive changes in the country.

She said: "I praise the reform reform that the Algerian government has implemented under his capable leadership." She also said that Algeria's commitment to inclusive growth and democracy is worthy of praise.

President Murmu emphasized the historical connection between India and Algeria and reviewed the common values ​​of the two countries.

She said: "India once strongly supported Algeria's struggle for freedom. Today, India and Algeria are committed to embarking on the path of peace and prosperity."

She emphasized the importance of India -African relations, and pointed out that India is now the fourth largest trading partner in AfricaUdabur Wealth Management. The bilateral trade volume has reached 84 billion US dollars and its investment exceeds 75 billion US dollars.

When talking about the rapid development of Algeria, she pointed out that in the past two years, Algeria GDP has increased by 4%, registered 9,000 investment projects, and encouraged Indian companies to explore these opportunities.

According to a statement of Mea, she said: "I encourage our company to continue and invest in the opportunity provided by the economy provided by the economy."

When it comes to the trade volume of India and Algeria (currently $ 1.7 billion), President Murmu acknowledged that the potential for further cooperation has not been developed.

She pointed out the key areas that can strengthen relations between the two countries, such as energy, construction, automobiles, chemical fertilizers and pharmaceuticals, while urging new trade and investment channels.

President Murmu emphasized the progress made by India as a $ 4 trillion economy, and mentioned recent reforms, such as production -related incentives (PLI) plans and Indian semiconductor mission, which improved the business environment.

"In today's uncertain global environment, the rapid rise of India is noticeableNew Delhi Wealth Management. India is currently a $ 4 trillion economy. In the past few years, due to political stability, predictive policy, and reform -orientedThe economic agenda ensures the convenience of business, and India has made impressive progress.It has opened up new opportunities.Bangalore Wealth Management

She invited Algerian companies to participate in the Indian initiative. She said: "I invite Algerian companies to join our Indian manufacturing and world manufacturing initiative. India has achieved many achievements in the fields of science and technology, fintech, medicine, aerospace, entrepreneurship, renewable energy.We are happy to share our experience in these fields with Algerian partners ... "

President Mu Mu also said that India is willing to share its achievements in the fields of technology, information technology, renewable energy and other fields with Algeria, emphasizing the potential of cooperation.

In addition, she praised Algeria's Indian communities to contribute to various development departments, calling it a bridge between the two countries.

President Muermu reiterated in the conclusion of India and Algeria's commitment to further strengthening bilateral relations. She said: "President Tap Ben and I firmIt's time to get the power in the times "."

President Murmu will be on October 13th to 19th to the three African countries on Algeria, Mauritania, and Mallawi.

She met with the President of the National Committee of the Algerian People's Democratic Republic.

Earlier on Monday, she met with Algerian President Abdelmadjid Tebboune in Elmuudia Palace and Algerian President Abdelmadjid Tebboune.