India and Mozambique today agreed to deepen cooperation in New and Renewable Energy. The two sides signed an MoU on expanding cooperation in energy sector. <br/><br/>In a media statement after delegation level talks with visiting President of Mozambique, Prime Minister Narendra Modi said new and renewable energy is an important area for sustainable development. He said Africa and the Indian Ocean are among the highest priorities for India's foreign policy and Mozambique is crucial for both. <br/><br/>The Prime Minister said Mozambique can be a large and a proximate source of natural gas, coal and other minerals to meet India's energy security. Both leaders discussed ways to intensify cooperation in maritime security and ocean economy as they have large coastlines and are linked by Indian Ocean.<br/><br/>Calling the discussions fruitful and positive, Mozambique President Filipe Nyusi said it was decided to enhance cooperation in a number of areas including oil and gas and that Indian companies will be welcomed for more investment in his country. <br/><br/>Mr Nyusi, who is on a five-day visit to India, arrived in New Delhi yesterday. He will meet his counterpart Pranab Mukherjee and Vice President Hamid Ansari later today. <br/><br/>A high-level delegation, including the Ministers of Foreign Affairs, Minerals and Energy, Agriculture, Transportation and Communications and Interior are accompanying the visiting President besides senior officials and a business delegation.<br/><br/>President Nyusi, who would also be accompanied by his wife, will visit Ahmedabad for a day tomorrow. He was an alumnus of the Indian Institute of Management, IIM Ahmedabad, where he completed a short duration course in 2003. <br/><br/>India and Mozambique share a history of profitable trade relations. Both nations' bilateral trade in 2014-15 values at 2.4 billion dollars. Trade between the two countries has multiplied five times in the last five years.

India and Mozambique today agreed to deepen cooperation in New and Renewable Energy. The two sides signed an MoU on expanding cooperation in energy sector. <br/><br/>In a media statement after delegation level talks with visiting President of Mozambique, Prime Minister Narendra Modi said new and renewable energy is an important area for sustainable development. He said Africa and the Indian Ocean are among the highest priorities for India's foreign policy and Mozambique is crucial for both. <br/><br/>The Prime Minister said Mozambique can be a large and a proximate source of natural gas, coal and other minerals to meet India's energy security. Both leaders discussed ways to intensify cooperation in maritime security and ocean economy as they have large coastlines and are linked by Indian Ocean.<br/><br/>Mr Filipe Jacinto Nyusi, who is on a five-day visit to India, arrived in New Delhi yesterday. He will meet his counterpart Pranab Mukherjee and Vice President Hamid Ansari later today. A high-level delegation, including the Ministers of Foreign Affairs, Minerals and Energy, Agriculture, Transportation and Communications and Interior are accompanying the visiting President besides senior officials and a business delegation. President Nyusi, who would also be accompanied by his wife, will visit Ahmedabad for a day tomorrow. <br/><br/>He was an alumnus of the Indian Institute of Management, IIM Ahmedabad, where he completed a short duration course in 2003. India and Mozambique share a history of profitable trade relations. Both nations' bilateral trade in 2014-15 values at 2.4 billion dollars. Trade between the two countries has multiplied five times in the last five years.