India has expressed the need for an early conclusion of Bilateral Investment Promotion and Protection Agreement, BIPPA, with Nigeria. An official release says, Union Minister of Commerce and Industry Anand Sharma said this during the bilateral meeting with Foreign Minister of the Federal Republic of Nigeria, Mr. Henry Odein Ajumogobia in New Delhi on Wednesday. Mr. Sharma stated that the complementarities of Nigerian and Indian economies need to be harnessed for more extensive bilateral engagement. He informed the Nigerian Minister about the many Indian companies’ investments in Nigeria and added that some more Indian companies are keenly interested in areas such as power and petroleum. Mr. Sharma expressed satisfaction over the growing trade and investment between the both countries. He said that the annual trade is expected to reach a record level of 12 billion US dollars in 2010-11.