Embassy of India
India-Guinea Economic Relations
Indo-Guinea bilateral trade during the last five years is as follows:
(In million US$)
2. The overall bilateral trade between India and Guinea has been on the rise, though there is no clear trend visible. In the FY 2014-15, it crossed US$ 1 billion mark. Therefore, it is not possible to derive any conclusive picture from the trade data. Major Indian exports include cereals (rice), drugs and pharmaceuticals, textile, transport equipment, paints /chemicals, iron & steel, and construction equipment. Major Indian imports include pearls/stones/jewellery, mineral fuels & bitumen, cashew, scrap metals, aluminum, etc.
Indian Investment in Guinea
3. A few Indians have established manufacturing, trading, mining and agricultural businesses.
4. India donated fifty electric transformers in April 2007 with capacities between 250 and 400 KVA costing Rs. 17.67 million to help Guinea mitigate its electricity problem. India has agreed to donate 175 computers to the Government of the Republic of Guinea. Indo-Gulf Hospital, Noida (which is constructing a 300-bed Hospital in Conakry) has recently contributed medicines and other supplies to Guinea during the spread of Ebola virus at a total expenditure of Rs. 30 lakhs. Tata Steel also donated 10 Buses to the Government of Guinea during 2013.
5. Guinea has been severely affected by Ebola Virus outbreak since last year. GOI extended bilateral assistance of US$ 50,000 to Guinea to fight Ebola. In addition, GOI provided cash assistance of US$ 500,000 to WHO as well as contribution of US$ 10 million to UN Fund for Ebola and additional US$ 2 million for purchase of protective gear to tackle Ebola for the three Ebola affected countries of West Africa including Guinea and Liberia.
Lines of Credit
6. India has approved a Line of Credit of US$ 35 million to Guinea for strengthening of health system in March 2014. Another Line of Credit of US$ 59.87 million to Guinea for Agricultural Modernization and Development Project is also approved by GOI.
7. Guinea has also availed Indian LOC of US$ 28.51 million through ECOWAS Bank for Investment and Development (EBID) for importing 100 buses from India (US$ 8.1 million) and for rehabilitation and extension of the electricity networks in Guinea (US$ 20 million).