India to strengthen its partnership with Africa

India plans to strengthen its partnership with Africa in four areas. The use of solar energy is encouraged to ensure clean energy and energy security and to provide employment opportunities in Africa.

Second is defence trade and military exchanges in Indian Ocean, manufacturing of armoured vehicles and UAVs.

Third is physical & digital infra, helping in IT/Consultancy & Project Exports and the fourth one is healthcare & pharma.

Speaking at the opening session of the CII-EXIM Bank Conclave on the India-Africa Growth Partnership, Union Minister of Trade and Industry, Consumer Affairs, Food and Public Distribution and Textile Shri Piyush Goyal said that the deep friendship between India and African countries is developing.

He noted that India’s ties with Africa are based on trust, friendship and deep understanding of each other’s needs.

Also added, that there are four pillars of India-Africa engagement i.e. people, business, trade and government. There is an Indian diaspora presence in nearly 46 African Countries.

India is among top 5 investors in Africa with investment at $71 bn over the last 25 years. He said, our companies are working to support local manufacturing in Africa and to hope to see deeper engagements between business of India and Africa.

Shri Goyal said that India has created the third largest startup ecosystem in the world. India can help co-create similar systems in various African countries.

PSU News

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