Swaraj pitches for Make in India to boost trade ties with Africa
The Dollar Business Bureau The government has asked Indian and African business enterprises to come forward and forge business partnerships in the backdrop of “Make in India” initiative in order to promote investments and boost bilateral trade. Speaking at the 3rd India Africa Forum Summit on Thursday, External Affairs Minister Sushma Swaraj pointed out that India and Africa need to extend cooperation and collaboration in several key sectors. Swaraj hoped that African countries will take more steps to attract Indian investments. “There was a time when India and Africa were one landmass, united by geology. Today, we are united by our common goal for progress, prosperity and peace around the world,” she said. On Wednesday, FICCI, in association with Exim Bank, ...
Indian firms to get investment opportunities in Africas infrastructure sector
The Dollar Business Bureau Indian companies will get an opportunity to invest in various infrastructure projects in Africa. Exim Bank has tied up with the African Development Bank (AfDB) to set up a Project Development Company which will pave the way for Indian developers to take part in infrastructure projects in the continent, a report said. Exim Bank and AfDB will form a Project Development Company in Africa to identify and develop such projects; the report said quoting Kodeidja Diallo, Director (Private Sector), African Development Bank. The company will share expertise related to infrastructure development and projects that are relevant for Indian investors. The overall trade between India and western African countries has increased from $1.9 billion in 2004 to $22 billion ...
