<h1>India Becomes 4th Largest Investor in Mozambique, Bilateral Trade Hits $427 Million, Aims for $1 Billion by 2013.</h1> India has emerged as the fourth largest investor in Mozambique, with bilateral trade increasing by 73% in 2008-09. In a meeting between the Indian Union Minister for Commerce and Industry and the Mozambican Minister of Industry and Commerce, it was noted that trade between the two countries reached $427.13 million in 2009-10. The Indian minister expressed optimism about achieving a $1 billion trade target by 2013. Indian investments in Mozambique amounted to $64.17 million in 2009, covering sectors like energy, minerals, and agro-industries. Existing agreements, such as the Bilateral Investment Promotion and Protection Agreement and the Double Taxation Avoidance Agreement, are expected to further enhance trade and investment.