The Ministry of Commerce & Industry has organised the 14th CII-EXIM Bank Conclave on India-Africa Project Partnerships, in association with Confederation of Indian Industry (CII) and Export Import (Exim) Bank of India
- The conclave has proven to be a one stop shop that caters to the interests of both business and political stakeholders, alike.
- The Conclave will mark the pre-eminence of India-Africa partnership in the area of ‘South-South Cooperation’, at a time when the global economy is faced with intractable challenges that stem from rising protectionism and trade conflicts.
- The annual conclave, since its inception in 2005, will bring senior Ministers, policy makers, officials, business leaders, bankers, technologists, start-up entrepreneurs and other professionals from India and Africa on a common platform in a spirit of partnership.
- The India-Africa bilateral partnership is augmented by India’s ascendency as the fastest growing major economy, as well as Africa’s new economic dynamism illustrated by some of the Sub-Saharan economies which are among the top 10 fastest growing economies in the world.
- The deliberations will be guided by long-term goals and objectives:
- scaling up India-Africa bilateral trade volume to USD150 billion in the next few years
- encouraging Indian exporters to access the African countries and increase their presence in the region
- enabling geographical and product diversification of Indian exports to Africa
- enhancing manufacturing exports of Africa by optimal utilisation of Duty Free Tariff Preference scheme and capacity building support from India
- expanding Indian investments in areas like infrastructure, agriculture and food-processing, energy, services, IT and knowledge industries.