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New Delhi[India]August 21 (ANI): Indian Vice President Jagdeep Dhankar on Wednesday stressed on the importance of India-Africa cooperation at the 19th CII India Africa Business Conference organised by the Confederation of Indian Industry (CII) in association with the Ministry of External Affairs and Ministry of Commerce and Industry.
Dhankar said a resurgent Africa and a rising India could strengthen South-South cooperation in areas such as clean technology, climate-resilient agriculture, maritime security, connectivity and the green economy.
He noted that the India-Africa Growth Partnership would contribute to global rebalancing leading to greater peace and harmony.
Dhankar said the India-Africa Growth Partnership will contribute to global rebalancing, thereby promoting global peace and harmony. He reiterated that Africa has always been India’s top priority and the bilateral partnership aims to achieve mutual benefit and win-win results, reflecting the true spirit of India as the “Father of the World”.
He stressed that Africa’s natural resources and demographic advantages make it an attractive destination for investment and cooperation.
Dhankar pointed out that Africa has rich natural resources and demographic advantages, and the region is gradually becoming an attractive destination for investment and cooperation. In this regard, India will continue to be committed to cooperating with Africa to achieve value-added in the industrial sector through innovative solutions.
Dhankar highlighted India’s progress in the field of digital infrastructure for delivery of public services and said India’s experience and expertise in this area would be of great relevance to Africa.
Vice President of the Republic of Burundi Prosper Bazombanza said India’s cooperation with Africa in the fields of pharmaceuticals, science and technology, information and communications technology, and renewable energy will help African countries increase their participation in the global value chain. He welcomed India’s investment in Burundi.
The Vice President of the Republic of The Gambia, Mohammed B.S. Jallow, highlighted the potential for joint ventures between India and The Gambia in sectors such as agriculture, healthcare, technology and renewable energy.
Vice President of the Republic of Liberia, Jeremiah Copan Kong, said the trade agreement signed between India and Liberia has increased bilateral trade to $325 million. He highly praised India’s progress in the agricultural sector and sought India’s help in improving Liberia’s skills and technology to increase local production.
Marie-Cyril Eddy Boissesson, Vice President of the Republic of Mauritius, highlighted the “time-tested relationship” between India and Mauritius, adding that the trade agreement signed between the two countries on April 1, 2021, would help boost bilateral trade and investment. Mauritius was the first country in Africa to adopt UPI for financial transactions.
The Vice President of the Republic of Zimbabwe, General Chiwenga, retired CGDN, said the implementation of the African Continental Free Trade Area (AfCFTA) and the growing economic development in the African region have created business opportunities for Indian companies. He said Zimbabwe seeks investment from Indian industries in the fields of manufacturing, agriculture and agro-processing, tourism development, information technology and other sectors.
Confederation of Indian Industry (CII) president Sanjeev Puri proposed deepening India-Africa cooperation in agro-processing, healthcare, infrastructure and education while leveraging the African Continental Free Trade Area to strengthen the partnership.
Noel Tata, Chairman of the Confederation of Indian Industry’s Africa Committee and Chairman of Tata International Limited, said the Confederation of Indian Industry is committed to promoting cooperation between small and medium-sized enterprises in both regions and bridging the gap between the banking and financial sectors through solutions such as rupee trade.
In his opening remarks, Chandrajit Banerjee, Director General of the Confederation of Indian Industry, said the conference attracted a large number of delegates from India and Africa, with more than 1,000 African delegates and more than 800 Indian delegates. Forty senior ministers from 20 African countries participated in the conference, and more than 850 business-to-business meetings were arranged. (ANI)
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