A flurry of activities ahead of 2nd Indian-Africa summit

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A flurry of activities ahead of 2nd Indian-Africa summit

Suleiman Mustapha

Ahead of the second India-Africa summit, schedule for 24-25 of May in the Ethiopain capital, Addis Ababa, a  number of late meetings are being held to hammer out  the final details of the framework of an  action plan that will see India increase its investment in Africa.

Anand Sharma, Union Minister for Commerce and Industry, expressed hope that the ongoing ‘India Show’ will be a unique opportunity for the African businesses to deepen and strengthen existing ties and forge new linkages with Indian companies.

Sharma inaugurated India Show at Millennium Hall, Addis Ababa on Saturday. The theme of the show is “Africa and India: Partners in Progress – Friends Forever”.   Sharma is leading the Indian delegation as part of the build-up to the 2nd ‘Africa-India Forum Summit’ scheduled on 24-25th May, 2011.  He also released a special publication entitled ‘India-Africa Business Guide’ during the Inaugural session of the India Show.

Speaking at the inaugural session, Sharma said, ”India has become one of the leading investors in African countries, with Indian investments in Africa in Joint Ventures and wholly owned subsidiaries touching US$ 33 billion mark, covering diverse sectors like Oil and Gas, Pharmaceuticals, Petrochemicals, IT, Fertilizers,  and Infrastructure.”.

The large presence of Indian businesses at the Trade Exhibition would help African companies get a firsthand account of the business opportunities in India and interact with potential partners.

The India Show inauguration was attended by Mr. Erastus Mwencha, Deputy Chairperson, Commission of the African Union and Mr Bhagwant S. Bishnoi, Ambasssador of India to Ethiopia.

The Inaugural session was addressed by Mr. Erastus Mwencha, Deputy Chairperson, Commission of the African Union; Mr Abdurahman Sheik Mohamed, Minister of Trade, Republic of Ethiopia and Mr Mekonen Manyazwal, Minister of Industry of Ethiopia.

In his Inaugural address,  Sharma noted that, “The economic partnership between India and Africa has taken giant leaps forward ever since the first India-Africa Forum Summit in 2008, with Bilateral Trade between India and Africa, which was at a meager US $ 3 billion at the turn of the century, crossing the US $ 46 billion mark last year”.

He emphasise that “we are well on our way to achieve bilateral trade target of US $ 70 billion by 2015”.

The Commerce Minister reiterated that India will continue with its efforts to expand trade with the African countries through a special focus, including steps like the ‘Duty Free Tariff Preference Scheme’ for certain countries in Africa to enable easier imports from them.

The ‘India Show’, which ended on Sunday May 22, was the second such Show in the African continent after the one held in South Africa last year in August at Johannesburg and Durban, and comprises of a mega ‘Trade Exhibition’, a ‘Business Seminar’, and a ‘Cultural Programme’.

The large ‘Trade Exhibition’ at the Millennium Hall in Addis Ababa showcased Indian technologies, innovations and business opportunities to the visitors by leading Indian companies.

More than 80 Indian companies displayed their products in the Trade Exhibition, ranging across sectors such as manufacturing, infrastructure, finance, Information Technology, automotives, Pharmaceuticals, Services (Financial, Education, ICT, Skills Development and Tourism) and others.  Sharma is leading a 15-member high-level Indian CEOs delegation to Addis Ababa

Sharma also inaugurated the ‘Handcrafting Hope’ and ‘Multimedia Exhibition’ in the presence of the first lady of Ethiopia, Ms. Azeb Mesfin, wife of Ethiopian Prime Minister. Mr. Meles Zenawi.

‘Handcrafting Hope’ is an interactive craft meet to facilitate skill-sharing and knowledge exchange between African and Indian craftspersons

The Multimedia Exhibition will be bringing together diverse cultures from India and Africa by showcasing through multimedia elements.

The first ever academic symposium, “Africa and India: Partnership for Enhancing Development and Growth”; joint cultural performances by Indian and African artists, “Rhythm of Life”; a programme for interaction amongst Indian and African craftswomen.


 

  • Africa-India Summit
  • Africa-India Summit
  • Africa-India Summit
  • Africa-India Summit
  • Africa-India Summit
  • Africa-India Summit
  • Africa-India Summit
  • Africa-India Summit
  • Africa-India Summit
  • Africa-India Summit