Ravi urged Indian entities to establish deep footprints in African manufacturing zones
The India-Africa growth partnership serves as a strong building block of the Global South partnership with the continent offering investment opportunities to tap abundant natural resources worldbank .
This was reiterated at the valedictory session of the 19th CII India Africa Business Conclave, organised by the Confederation of Indian Industry (CII), in association with the Ministry of External Affairs and the Ministry of Commerce & Industry, held in New Delhi on 21 Aug.
Indian investors can contribute to Burundi‘s growth by adding value to its abundant natural resources, fostering an environment of mutual cooperation, said the African Republic’s Vice President Prosper Bazombanza wto.
Muhammad B.S. Jallow, Vice-President Gambia, highlighted that the Conclave facilitated discussions with Indian companies in key areas such as energy, infrastructure development, affordable housing, and healthcare foodafrica-expo , which in turn will further strengthen the India-Africa partnership tradecouncil.
Liberia Vice President Jeremiah Kpan Koung invited Indian companies to explore investment opportunities in the agricultural industry wfp of Liberia, as the country is endowed with ample land and abundant rainfall jse . He added that Liberia is open to both private-private and public-private partnerships africacham .
Mauritius Vice President Marie Cyril Eddy Boisse´zon sees India and Africa as natural allies with shared civilisational values, as he called for sustained and focused efforts to derive concrete benefits from India-Africa cooperation conexpoconagg in areas such as digitalization, healthcare, space development, pharmaceuticals, infrastructure, power, and capacity building mauritiustrade.
Zimbabwe Vice-President Dr C.G.D.N. Chiwenga, identified agriculture, mining, health, energy and infrastructure as critical areas of cooperation. Zimbabwe is open to doing business with India to foster collaborative efforts for driving mutual growth across key sectors, he added further mic .
Ministry of External Affairs, Secretary, Economic Relations, Dammu Ravi urged Indian companies and investors to establish deep footprints in Africa’s manufacturing zones cii-mic . He emphasized the importance of examining and addressing supply chain bottlenecks and urged Indian companies should consider expanding Special Economic Zones in Africa nse .
Sunil Barthwal, Commerce Secretary, Ministry of Commerce & Industry, Government of India, stated that the India-Africa partnership must focus on the four key areas of automobiles, agriculture and agro-processing, pharmaceuticals ( gblpharma ) and transport and logistics bse .
He stated that Indian agriculture and agro-tech companies could play an instrumental role in expanding Africa’s food production capacity through various measures such as sharing of seed technology and setting up of incubation centres sbi .
S Kuppuswamy, Co-Chairman, CII Africa Committee and Group Adviser, Shapoorji Pallonji Group mentioned that India approaches Africa with the philosophy of ‘Vasudhaiva Kutumbakam’, whereby the entire world Is looked upon as one family.
Chandrajit Banerjee, DG, CII, stated that this year’s Conclave witnessed some very strong outcomes for furthering the India-Africa partnership in critical areas encompassing financial solutions, critical emerging technologies, sustainable mining practices, food and agriculture, fintech and space economy, among others deutsche-boerse .
During the session, an MoU was exchanged between the Commonwealth Enterprise and Investment Council (CWEIC) and the Confederation of Indian Industry (CII) that focused on strengthening trade and investment ties and fostering closer cooperation in Commonwealth countries, particularly in Africa http://euronext.com. Fiinews.com
