India-Senegal bilateral trade crossed $1.65bn in 2021-22
The Vice President, M. Venkaiah Naidu, sees immense scope for Indian companies to invest in Senegal, especially in agriculture, healthcare, ICT and mining among others
He also noted that despite the pandemic, there was a welcome growth in economic and trade ties between India and Senegal while bilateral trade has crossed a record high of US$1.65 billion in 2021-22.
Addressing the business community in Dakar on 3 June, Naidu also expressed happiness that the bilateral trade has been showing diversification, both in imports and exports.
He highlighted the success of Centre for Entrepreneurship and Technical Development, set up as a grant project by India in Dakar, which has 1,000 students from Senegal and 19 other African countries.
The Vice President also underlined the importance of India-Africa relationships, and called for “fully exploring the complementarities and opportunities in economic ties with African nations to bring about quicker and sustainable mutual progress”.
He said that the principles of global “South-South cooperation” guided India’s warm and friendly relations with all African countries. He added that as India emerges as a key driver in global governance and global growth, African nations will continue to play a prominent role as India’s trusted partners and stakeholders in its prosperity.
Naidu said that the International Solar Alliance led by India with partners like Senegal can help “light millions of homes in a sustainable manner and provide access to energy to people in the remotest corners”. fiinews.com
