India-Africa trade to reach $117bn by 2020-21: Report
The Dollar Business Bureau India’s trade with African nations is expected to reach $117 billion by 2020-21 in the wake of improved economic relations and strong business opportunities, as per a report. From $24 billion in 2015-16, India’s exports to the African countries are likely to touch $70 billion by 2021-22, on account of rising complementaries, said industry body PHD Chamber of Commerce and Industry (PHDCCI) in a report. Imports from the African continent are also likely to rise to $47 billion in the next five years from $27 billion in 2015-16, the report said. PHD Chamber President Gopal Jiwarajka said, “India has been able to intensify its presence in African countries through a significant line a credit worth $10 billion for development projects in Africa over a five-year period.” “With continuous expansion in trade, widening ...
We Are Adding Newer Markets To Our Portfolio
Aadhira Anandh M. | November 2015 Issue | The Dollar Business TDB: You joined Akar Tools as Financial Controller in 1994. How has the journey been so far? Sunil Todi (ST): I joined the company as a financial advisor in 1994, and since then the journey has not been very easy. I started taking up responsibilities as and when required by the company in all aspects. The areas under my leadership included business, marketing, production and administration. Getting the company to the position it is in today has been a very challenging task. TDB: You have been exporting highend, precision-engineered hand tools to Europe, US, Japan, Australia and other markets for years now. How different is the overseas market from the Indian market? ST: Marketing and ...
