Africa offers opportunities for MSMEs
The bilateral trade between India and Africa will cross US$100 billion in next two years owing to improvement in business environment in the country together with better infrastructure and connectivity across African continent, Union Minister Mukhtar Abbas Naqvi said at an ASSOCHAM event held in New Delhi on 4 Dec 2017.
It was about US$60 billion in 2015-16.
“Africa offers lucrative business opportunities for Indian micro, small and medium enterprises (MSMEs) across diverse sectors such as FMCG (fast moving consumer goods), mining and minerals, telecommunications, construction and others,” said Naqvi while inaugurating an ASSOCHAM Indian-Africa Trade & Investment Forum.
“India is attracting business leaders and investors from across the globe as our Government has been able to build a conducive business environment aimed at inclusive growth,” he pointed out.
The Union Minister further said that India is focused on “development with dignity”, whereby the Government is committed to connect and uplift people from all sections of the society and bring them into mainstream.
“I feel very much satisfied in saying that today every section of our society in every part of the country is participating in the country’s progress and rapidly joining the mainstream,” he said.
He also said that it is due to the various reforms ushered in by the Centre that even global rating agencies and noted economists have impressed upon India as a very “safe and strong” investment destination. fii-news.com
