India-Ivory Coast relations
The burgeoning economic and commercial relations between India and Ivory Coast mark a significant development in both countries' strategies for mutual growth and collaboration. According to the Indian ambassador to Ivory Coast, India intends to invest $1 billion into developing oil and mining projects over the next five years. This initiative is a part of India’s broader strategy to secure energy resources and diversify its investment portfolio across Africa. Over the last decade, Indian Foreign Direct Investment (FDI) has surpassed $10 billion, signaling India's growing involvement in global economic affairs. The focus on Ivory Coast, particularly in the domains of hydrocarbon exploration and diamond mining, is critical for India's energy security strategy, as the country seeks to capitalize on the region's rich resources....