Bilateral trade between Gabon and India totaled US$142.45 million in 2015–16, declining sharply from $835.73 million the previous fiscal. India exported $36.82 million worth of goods to Gabon, and imported $105.63 million. The main commodities exported by India to Gabon are meat and meat products, pharmaceuticals, cotton, iron and steel. The major commodities imported by India from Gabon are wood and wood articles, ores, slag and ash. In June 2010,
Bharti Airtel struck a deal to buy
Zain's mobile operations in 15 African countries, including Gabon, for $8.97 billion, in India's second biggest overseas acquisition after Tata Steel's US$13 billion buy of Corus in 2007. Bharti Airtel completed the acquisition on 8 June 2010. Tata Chemicals announced in April 2011 that it would invest $290 million to acquire a 25.1% stake from Singaporean firm Olam International in a urea manufacturing project located near the port town of
Port-Gentil. Tata stated that it would export 25% of the plant's total produce to India. Oil India Ltd. (OIL), in partnership with Indian Oil Ltd., conducted oil exploration in Shakti Block, Lamberele. Indian firms such as Ramky Infrastructure Ltd. and M3M India Limited have won contracts to develop the infrastructure sector in Gabon. ==Foreign aid==