Business
More Indian Automotive Companies Target Nigeria’s Market
The High Commissioner-
Designate of India to Nigeria, Mr Nagabhushana Reddy, has announced the growing interest of more Indian automotive companies in the Nigerian market.
Reddy, who would be presenting his credentials to President Muhammadu Buhari on July 25, made the announcement in Lagos at the First Indian Aftermarket Auto Show.
“India is emerging as the global market supplier of automotive parts and components.
“And the government of India is committed to the vision of making India a leading destination for the designing and manufacturing of automobiles and auto components.
“Nigeria is the major focus market in Africa for Indian automobiles, as well as the auto components,” he said.
The High Commissioner-Designate listed Indian automobiles’ current presence in Nigeria to include Ashok Leyland, Bajaj, Hero Honda, Kinetic, Mahendra, Murati, Tata and TVS.
Reddy also said that Indian companies were currently doing businesses in Nigeria’s Information Technology, power, automobiles, telecommunications, agriculture, defence, health, electricity transmission, pharmaceuticals, steel and other sectors.
He also said that Nigeria’ ongoing economic diversification efforts would further expand cooperation between India and Nigeria in the sectors of agriculture, manufacturing, infrastructure and mining.
Reddy said that it was imperative for the Automotive Component Manufacturers Association of India (ACMA) to know that Nigeria had been rated among the Next 11 leading Global Generators (3G) in the next 40 years.
Mr Luqman Mamudu, Director of Policy and Planning at the National Automotive Design and Development Council (NADDC), encouraged Nigerians to patronise ACMA members to avoid further use of substandard automotive components.
Mamudu said that ACMA members could currently come to Nigeria to sell their products, and that after a while, they could build their factories in Nigeria.
The director said that his council was partnering with the United Nations Industrial Organisation(UNIDO) toward the resuscitation and growth of Nigeria’s automotive components and parts industry.
“ACMA of India should note that the existing and potential capacity of the Nigeria automotive industry and the opportunity it represents for manufacturing outpost.
“It is recognised that for now, it will seek out buyers for its products manufactured in India.
Business
Kenyan Runners Dominate Berlin Marathons
Kenya made it a clean sweep at the Berlin Marathon with Sabastian Sawe winning the men’s race and Rosemary Wanjiru triumphing in the women’s.
Sawe finished in two hours, two minutes and 16 seconds to make it three wins in his first three marathons.
The 30-year-old, who was victorious at this year’s London Marathon, set a sizzling pace as he left the field behind and ran much of the race surrounded only by his pacesetters.
Japan’s Akasaki Akira came second after a powerful latter half of the race, finishing almost four minutes behind Sawe, while Ethiopia’s Chimdessa Debele followed in third.
“I did my best and I am happy for this performance,” said Sawe.
“I am so happy for this year. I felt well but you cannot change the weather. Next year will be better.”
Sawe had Kelvin Kiptum’s 2023 world record of 2:00:35 in his sights when he reached halfway in 1:00:12, but faded towards the end.
In the women’s race, Wanjiru sped away from the lead pack after 25 kilometers before finishing in 2:21:05.
Ethiopia’s Dera Dida followed three seconds behind Wanjiru, with Azmera Gebru, also of Ethiopia, coming third in 2:21:29.
Wanjiru’s time was 12 minutes slower than compatriot Ruth Chepng’etich’s world record of 2:09:56, which she set in Chicago in 2024.
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