Commerce Secretary Sunil Barthwal said that the bilateral trade between the two regions stood at $100 billion in 2022 and there is a need to target doubling this to $200 billion by 2030.
He said the African Continental Free Trade Area (AfCFTA) has identified these four potential sectors - automobiles, agriculture and agro-processing, pharmaceutical and transportation and logistics.
“We firmly believe that these sectors have huge potential for collaboration in terms of investment, trade, technology and capacity building between Africa and India,” he said at CIIs India Africa Business Conclave here.
This story is from the August 23, 2024 edition of Millennium Post Delhi.
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This story is from the August 23, 2024 edition of Millennium Post Delhi.
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