14th CII-EXIM Bank Conclave on India-Africa Project Partnerships to be held in New Delhi

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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

Key Facts:

  • 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:
    1. scaling up India-Africa bilateral trade volume to USD150 billion in the next few years
    2. encouraging Indian exporters to access the African countries and increase their presence in the region
    3. enabling geographical and product diversification of Indian exports to Africa
    4. enhancing manufacturing exports of Africa by optimal utilisation of Duty Free Tariff Preference scheme and capacity building support from India
    5. expanding Indian investments in areas like infrastructure, agriculture and food-processing, energy, services, IT and knowledge industries.

Source:PIB

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