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Press Trust of India

India's largest news agency, Press Trust of India is a non-profit sharing cooperative owned by the country's newspapers. PTI's subscribers include newspapers, television channels, the state-run All India Radio and Doordarshan, the national broadcaster, government organisations, websites and several media and non-media organisations. With a staff of 1300 including 400 journalists, PTI has over 70 bureaus across the country and corresondents in major cities in the world.

Besides its flagship English News Service, PTI also has PTI Photo Service and news service in Hindi, India's national language.

Press Releases are distributed to PTI subscribers through PTI wires that reach subscribers through satellite, the Internet and in some case e-mail.

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Victoria Memorial, Kolkata

Victoria Memorial, Kolkata

India, Mozambique to deepen economic engagement
New Delhi, Aug 5 (PTI) India and Mozambique today decided
to ramp up economic engagement, particularly in the energy
sector with Prime Minister Narendra Modi saying the African
nation can be a "large source" of coal and natural gas to
drive the growth of Indian economy.
During his wide-ranging talks with President Filipe Nyusi,
Modi hoped that Mozambique, with its estimated 180 trillion
cubic feet of off-shore gas reserves, would provide an
"encouraging environment" for Indian investments in various
key areas including hydrocarbons, minerals and infrastructure.
Both sides inked an MoU on Cooperation in the field of
renewable energy. The two leaders deliberated on a range of
issues including cooperation in defence, maritime security in
the Indian Ocean region, agriculture and ocean economy.
"Mozambique can be a large and a proximate source of
natural gas, coal and other minerals that are so important to
drive our growth. It also offers huge opportunities in
agriculture sector," Modi said.
Calling the discussions "fruitful and positive", Nyusi
said it was decided to enhance cooperation in a number of
areas including oil and gas.
Trade between the two countries has multiplied five times
in the last five years and the Prime Minister said he was
happy that Indian investments in these sectors have grown
significantly in recent years. Mozambique hosts nearly 25 per
cent of Indian investments in Africa.
"We spoke of our economic synergies and cooperation. I
expressed hope that Mozambique would continue to provide an
encouraging environment for investments from India, including
in the areas of hydrocarbons, minerals and infrastructure," he
Expressing strong committment to extending support to the
African country in accordance with its priorities, Modi said
India was "delighted to be a development partner for
Mozambique in several areas, including agriculture,
healthcare, energy, infrastructure and human resource
Referring to defence cooperation, Modi said both sides
agreed to build on Nyusi's visit here as Defence Minister in
2011 and that the next meeting of the Joint Working Group on
Defence Cooperation will be scheduled soon.
Since India and Mozambique have large coastlines and are
linked by the Indian Ocean, ways to intensify cooperation in
maritime security and ocean economy also figured during the
discussions. PTI