New Delhi: India and Venezuela have initiated efforts to strengthen bilateral relations. This will involve a boost to increase cooperation in Pharmaceutical industry and educational sectors soon.
Venezuela is an important country in India’s Look East and then Act East Policy. Eastern oil-rich countries
are exporting oil to India along with the US and China. India is the third largest oil purchaser on Venezuela’s export list after the US and China. India has been receiving increased number of opportunities to be involved in oil extraction in Venezuela. Nevertheless, efforts are being taken to enhance India-Venezuela bilateral relationship. These efforts mainly involve increasing relations in the oil sector. The Ambassador of Venezuela to India, Augusto Montiel has informed that as a part of the same policy, efforts involved are towards enhancing cooperation in cultural and educational sectors.
He has also informed that meanwhile, a memorandum of understanding has been signed with ‘ISM Dhanbad’ for establishing a ‘Petroleum University’ in India.
Related posts:
India imposes ban on Chinese products
India could be fulcrum of global economy: Finance Minister Arun Jaitley
USIBC welcomes India’s FDI reforms
China’s latest warning to India on Sino-Nepal cargo transport
‘ONGC Videsh’ gets time extension from Vietnam for oil block exploration in the ‘South China Sea’
The US overtakes China in bilateral trade with India
Japan eager to help develop infrastructure in North East India
Pingback: A mixed-bag of news from various corners of India