Indian companies are involved in the retail, hospitality, agriculture, plastics, scrap metal, steel, trading, garments, real estate and other sectors in Angola. The
Confederation of Indian Industry (CII) and the
Federation of Indian Chambers of Commerce & Industry sent delegations to Angola in November 2013 and May 2014 respectively. The first collaborative business event between the two countries, called "Business Opportunities between India and Angola", was jointly organized by the Angola-India Chamber of Commerce, CII, and the Agency of Private Investment, Promotion and Exporters (AIPEX) on 3 September 2020. The Embassy of India in Luanda, in cooperation with the Gems and Jewellery Export Promotion Council of India (GJEPC) and the Angola-India Chamber of Commerce, organized a conference on 3 December 2020 attended by delegates from the Angolan state-owned diamond companies
Endiama and
Sodiam, and private companies from India. Angola and India signed an MoU on cooperation in the oil and gas sector in October 2010 in New Delhi.
Engineers India was involved in the construction of the
Lobito oil refinery.
Trade India is Angola's 3rd largest trading partner, and accounts for about 10% of Angola's total exports. Angola is the second largest African exporter of oil to India, after Nigeria. Crude oil forms the bulk of Angola's exports to India and as a result the value of bilateral trade is heavily dependent on oil prices. Bilateral trade between Angola and India reached a peak of US$7.16 billion in 2012–13, driven primarily by high oil prices, but declined to $3.93 billion in 2019–20. ==Development assistance==