(Business in Cameroon) - According to the Indian High Commissioner, A R Ghanashyam (photo, in suit), trade between his country and Cameroon is currently estimated at 250 billion FCFA per annum. He revealed this in an interview in the Cameroon government’s daily publication.
He goes on to note that, although Cameroon is “the country with which trade with India has grown the most in the Central African region over the last few years, this trade relationship’s potential is immense” and still hardly harnessed.
To reverse this trend, the Indian diplomat wishes “to bring the SME development model implemented in India to Cameroon, which made these structures the backbone of the Indian economy” and created “a bridge between Indian and Cameroonian SMEs”.
A R Ghanashyam, whose diplomatic mission also covers Nigeria, Benin and Chad, has announced an increase in lines of credit to be opened by India for the financing of development projects in Cameroon.