india’s participation in exploitation of hydrocarbons resources in venezuela discussed

indian goodwill delegation of parliamentarians calls on venezuelan ministers

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Monday, June 06, 2005

A 13-member Parliamentary Goodwill Delegation led by Union Minister of Parliamentary Affairs and Urban Development Shri Ghulam Nabi Azad held wide-ranging discussions with Venezuelan Ministers and Members of the National Assembly of Venezuela, during the three day visit to Venezuela from 3rd June to 5th June, 2005.

The delegation held extensive discussions on 3rd June with the Vice President of the National Assembly, Mr. Pedro Carreno, followed by a meeting with the Foreign Minister of Venezuela, Mr. Ali Rodriguez Araque. In the meeting, several issues of bilateral interest were discussed, including the forthcoming inaugural meeting of the bilateral Indo-Venezuela Joint Commission in July, India’s participation in exploration and exploitation of hydrocarbons resources in Venezuela and transfer of technology.

During the meeting, Shri Azad, pointed out the improvement in bilateral trade, which had increased by more than 100% in 2004 over 2003, and expressed optimism over future prospects, particularly the possibilities for undertaking large economic projects in the fields of hydrocarbons, and construction industry, setting up of a Centre for Technology Demonstration for low-cost housing, transfer of technology for agro-processing and railways projects to be carried out by India.

The 13-member Parliamentary Goodwill Delegation led by Union Minister of Parliamentary Affairs and Urban Development Shri Ghulam Nabi Azad is currently on a 10-day tour to Guyana, Venezuela and Chile.

AKS/SK

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