Portugal is keen on investing in the Indian infrastructure, water management, waste management and alternative energy sectors. According to Jorge Roza de Oliveira, Portugal’s Ambassador in India , the country was looking for opportunities to invest in emerging economies such as India, China and some of the Gulf nations. “Ideally, we should look at investments in emerging economies like India. There is a huge prospect for bilateral trade but it is yet to be explored to its full potential,” de Oliveira said during an interactive session organised by the Confederation of Indian Industry (CII) here on Thursday. India’s imports from Portugal stood at nearly $310 million in 2011-12 while exports stood at $525 million. “I would be happy if the bilateral trade move up to $ 1 billion,” de Oliveira said. Some Portugal-based companies, he said, already have a presence in electrical products, tools, solar energy and cements.
According to de Oliveira, a trade delegation headed by the Foreign Minister of Portugal is expected to arrive here in the first week of March. The trade delegation will comprise representatives from 50-odd companies. The country, he said, was also planning to promote tourism through films. Tourism accounts for nearly 15 per cent of Portuagal’s gross domestic product.
-Hindu Business Line
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