Prospects: $25-30bn investment needed for African healthcare in next decade
The soon to be implemented Intra-Africa Free Trade Agreement (FTA) will be of great support to increase India-Africa trade, believes R V Kanoria, Past President, FICCI and CMD, Kanoria Chemicals & Industries Ltd.
Further, if agricultural land of Africa can be used through G2G mechanism, India can fulfil the food security need of “our nation and the world”, Kanoria told the ‘FICCI LEADS 2020’ conference held 12-15 Oct 2020.
Resurgent Africa and Rising India can bring prosperity to the world, added James Mworia, CEO, Centum Investments, Kenya.
Africa can find India as a trusted and reliable partner in its quest for development, assured R. Ganapathi, Chairman, Trigyn Technologies.
These views on markets and developments were presented at the conference on “Reimagine the World” organized by FICCI.
Digital Africa is an opportunity for India as technologies are important for a resilient Africa and Vibrant Africa going forward in a globally interconnected world, said Ganapathi in a presentation on 13 Oct 2020.
On investments, Africa would require around US$25-$30 billion in next the decade for meeting healthcare demand in the continent, according to S N Subrahmanyan, CEO & MD, Larsen & Toubro Ltd.
Elsewhere, India has captured the Latin American pharmaceutical market by introducing the high-quality pharmaceutical products with economical prices, said Amrut Naik, President & Head- Emerging Market Business, Cadila Healthcare.
He further emphasized the need for both sides to develop a realistic model based on facts and figures to enhance the trade.
The session also heard views from other countries including Jamaica which is seeking legal arrangements with India to shorten the supply chain.
Jamaica is looking for Indian companies to build infrastructure, setting up the national digitization system, food security to shorten the regional supply chains, said Senator Aubyn Hill, Minister for Economic Growth of Jamaica.
Likewise, the Brazil-India Agritech program was highlighted by Tereza Cristina, Ministry of Agriculture, Livestock & Food Supply.
Knowledge is an important factor to bring India and Brazil closer to each other in terms of trade and investments, added Daniel Godinho, Director – Corporate Strategy, WEG Industries.
India has a favourable business environment and foreign investor friendly policies which show that future of businesses in India looks bright, he pointed out.
Among performers, Stefanini office in India is now providing solutions to their clients in other countries which is helping to expand worldwide in providing technological solutions, said Ailtom Nascimento Barberino, Executive Vice-President Global Business of the Brazilian company.
Colombia has the potential to become a base location for Indian Investors to expand business in AMRICAS region as they have port in the pacific and in the Atlantic as well, according to Diego Cordoba Mallarino, President-Partner, Teka Capital Inc of Colombia.
Angel Ananos, CEO, AJE Group (Big Kola) Peru, sees the future of India and Peru bright as the bilateral relations are getting stronger year on year due to India’s new FDI policies. #investment #food #manufacturing #agriculture #trade #exports #technology /fiinews.com
