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India - Guinea Business and Cultural Council

Guinea, located in West Africa, is known for its rich natural resources, including bauxite and diamonds. The country features diverse landscapes, from coastal plains to mountainous regions. Its vibrant culture includes traditional music, dance, and a strong sense of community.

Ambassador and Consul General

The Ambassador of Embassy, The Republic of Guinea Ms. Fatoumata Balde accepted the Honorary Membership of Global India Business Forum, in the presence of Global President of GIBF, Dr. Jitendra Joshi and Co-Founder & Director - Global Operations, Deepali Gadkari. Realizing the strengths of Global India Business Forum and the Consulate of the Republic of Guinea and conscious of the benefits to be derived by both organizations and its members through this mutual understanding, both parties will be associated with each other in mutual cooperation to facilitate mutual investment, trade and economic cooperation complimented by knowledge sharing, training, certification and networking.

Iron, Gold, Diamonds, Oil, coffee

Fuel, Capital equipment, Apparel, Foodstuff, Wheat flour

About Guinea

Guinea, which is officially called the Republic of Guinea, is a west-coastal country in West Africa. The current Population of the country is 14,547,705 and has an area of 2,45,857 square kilometres. It shares its borders with countries like Guinea-Bissau, Senegal, Mali, Liberia and many others. Guinea is predominantly an Islamic country with 85% of the population belonging to the Muslim community. Another interesting fact about the country is that it has 24 distinct ethnic groups. Also, the official language of Guinea is French. Right from schools to government administration, all these institutions speak French. However, more than 24 indigenous languages are spoken too, thus making an effort to keep the forgotten languages alive. The Guinea economy is mainly dependent on agriculture and mineral production and hence these are its two main sources of income. The country got its independence from the French on October 2, 1958 and it is on this date that Guinea declared itself as a sovereign and independent republic. And Ahmed Sekou Toure became the first president of an independent Guinea.

Business Opportunities in Guinea

There are a lot of different business opportunities in Guinea as the country is the second largest producer of bauxite, along with having rich deposits of gold and diamonds. Hence, there can be a lot of mining opportunities for other countries which will also provide employment to the people of Guinea. Also, the country has set a growth rate of 8% for the year 2020 after a satisfactory performance in the year 2020. So there are a lot of growth opportunities. The country is currently exploring the infrastructure, mining and agriculture sectors.

Exports and Imports In Guinea

Overview In 2022, Guinea was the number 112 economy in the world in terms of GDP (current US$), the number 101 in total exports, the number 136 in total imports, the number 157 economy in terms of GDP per capita (current US$) and the number 132 most complex economy according to the Economic Complexity Index (ECI) .

Top Exports of Guinea

The top exports of Guinea are Gold ($5.23B), Aluminium Ore ($4.65B), Coconuts, Brazil Nuts, and Cashews ($99.6M), Cocoa Beans ($71.6M), and Non-fillet Frozen Fish ($42.3M), exporting mostly to China ($3.81B), India ($2.77B), United Arab Emirates ($2.59B), Switzerland ($347M), and Spain ($211M).

Top Imports of Guinea

The top imports of Guinea are Refined Petroleum ($797M), Rice ($301M), Wheat ($123M), Rolled Tobacco ($119M), and Motorcycles and cycles ($118M), importing mostly from China ($2.28B), India ($594M), Netherlands ($472M), United Arab Emirates ($254M), and Belgium ($233M).