A centuries-old link defines the relationship between India and Africa as the continent always attaches great significance to the contribution of India during its fight against colonialism, apartheid and imperialism.
However, it was the establishment of the India-Africa Cooperation Forum in 2008 that restored the friendship between the two regions.
Envisaging anticipations
In such kind of a strategic partnership, both sides envisage some anticipation as an outcome. For the sake of easy articulation, India expects import of oil and gas, which is vastly abundant in Africa, to fulfill its energy security needs. Similarly, with the growing number of its high population, India faces shortage of pulses, a food security deficit it plans to fill by importing bulk of pulses from Africa, which has acres of uncultivated land that can easily grow these crops.
Local needs and global potential
As the Indian economy is growing fast, its manufacturing industries are targeting local needs as well as potential in international markets. Africa, with its billion-people population will come into the picture in due course.
Therefore, I see no harm if India looks at Africa as a potential market for its products.
Africa- the second home for Indians
Africa is a second home to many Indians since centuries. Different sources mention that close to 2-7 million Indian Diasporas are currently living in Africa. While Indian citizens work in Africa they benefit both themselves and Africa using their skill, knowledge and experience in various sectors. At the same token, Indian economy also benefits because the Diaspora members remit millions and millions of dollars every year to the Indian economy.
Esta historia es de la edición May 2017 de The Times Of Africa.
Comience su prueba gratuita de Magzter GOLD de 7 días para acceder a miles de historias premium seleccionadas y a más de 9,000 revistas y periódicos.
Ya eres suscriptor ? Conectar
Esta historia es de la edición May 2017 de The Times Of Africa.
Comience su prueba gratuita de Magzter GOLD de 7 días para acceder a miles de historias premium seleccionadas y a más de 9,000 revistas y periódicos.
Ya eres suscriptor? Conectar
Furniture - A Growth Oriented Industry
Africa constitutes 16.36% of the total world population and contributes 3% to the world Gross Domestic Product (GDP). Africa is a huge pool of population, which is projected to expand and grow rapidly. By 2050, 2.4 billion more people are expected on the planet out of which 1.3 billion are expected to be born in Africa. The majority of the world’s population growth is expected to take place in Africa. It is said that where there is population, there are enormous opportunities. Business opportunities is one the aspect of this broad spectrum of opportunities.
The Stunning Rise of Vernon Philander
“There is only one thing that makes a dream impossible to achieve: the fear of failure.”
An Amalgamation
The Conclave has become a prestigious event for Indian and African governments and industry to meet and explore new avenues of partnerships. The annual gathering enables the Indian and African leadership to take stock of the progress of the partnership and address future needs in this regard.
Ethiopia
A Landlocked Spectacle.
Student Housing, A Virgin Market
Ever got fascinated by a rich man passing by? His expensive suit, charming wrist watch, expensive mobile phone, utter royal grace.
The End Marks A New Beginning...
“what africa does with agriculture is not only important for africa: it will shape the future of food in the world.” – akinwumi adesina, President of the african development Bank.
A Pristine Paradise
It is a place immortalised by various animated Disney movies – clean blue water oozing freshness, calm cool breeze soothing your soul, natural sceneries with colours in their purest form, and lemurs, with their wide, reflective and even eerie eyes. An abode on the wish list of every globetrotters’ itinerary – it is unlike a place you have ever been. It is Madagascar!
Leading The Industry With Innovation
Interview with Mr. Abbad Reda, Chief Information Officer of MTN Ghana
Make Way For Germany
Africa has traditionally been a market where the Chinese and the Indians have flourished. While India’s trade with Africa increased from $25 billion in 2006 to about $70 billion in 2016, China continues to remain Africa’s biggest trading partner.
Egypt , a Dream in the Desert
The Arab republic of Egypt, a democratic republic, commonly known as Egypt's is a silent beauty. This nation is one of its kind. Its beauty lies in its culture and heritage. Egypt may not have many natural attractions but man has surely made its mark by building one of the most unique structures that is; the pyramids.It is mostly comprised of desert area. Trees, forests,and tropical areas are rare here. It can get as unique as possible; it is situated on the northeast corner of Africa and southwest corner of Asia by a land bridge formed by the Sinai Peninsula.Hence it is called a transcontinental country.