2011-05-12

India Africa to boost ties

The countries seek to further their ties

India Africa to boost ties

With Indian firms already having invested more than $25 billion in Africa, the continent looks forward to furthering its ties with India that date back more than two millennia, a top Ethiopian leader said in Addis Ababa.

Ties between Africa and India date back over 2,000 years and the civilisations of India and Africa have been united by the India Ocean over many centuries, said Ethiopian State Minister for Foreign Affairs Berhane Gebre-Christos.

Today, the rapid emergence of India as a major power in the globalised world has prompted growing interest in the relationship between India and Africa, Christos said during a two-day seminar here that started Wednesday evening.

The seminar was organized by the Indian Council of World Affairs (ICWA) ahead of the two-day Africa-India Summit to be inaugurated by Prime Minister Manmohan Singh here on May 24.

Titled "Africa and India: A Partnership for Development and Growth", the seminar was intended to give some meaningful suggestions to the leaderships of the two sides.

The increased flow of technical and financial resources to Africa will build infrastructure increase industrialization, expand employment opportunities and promote free and fair trade among our countries, he stated.

The seminar is of particular significance as Africa and India stand on the threshold of a new awakening and consciousness about each other, said Sudhir Devare, director general of ICWA, a think tank of the external affairs ministry. .

India today is an economic power, growing rapidly. At the same time, it has historical ties with Africa it has been very very supportive of our struggle against cololian rule and apartheid, Negga, also a lawmaker, said.

He said India may have been a late-comer vis-a-vis some other countries such as China in engaging with Africa, but also firmly believed this should not be a probleml.

We should ask ourselves, if we are good partners, he said, asking the African nations "to put our houses in order" to engage better with India.

Related opportunities
  • Quick Service Restaurants
      Formats Investment Brand Fee Space Staff Exp. Monthly Sales Profit Margi..
    Locations looking for expansion Maharashtra
    Establishment year 2013
    Franchising Launch Date 2018
    Investment size Rs. 50000 - 2lakh
    Space required 200
    Franchise Outlets -NA-
    Franchise Type Unit, Multiunit
    Headquater Pune Maharashtra
  • Health Total is the only market player which successfully delivers..
    Locations looking for expansion Delhi
    Establishment year 1997
    Franchising Launch Date 2023
    Investment size Rs. 10lakh - 20lakh
    Space required 500
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater New delhi Delhi
  • Building Decoration Products
    With focus on design, manufacturing quality and customer service, Window..
    Locations looking for expansion Uttar pradesh
    Establishment year 2012
    Franchising Launch Date 2023
    Investment size Rs. 50lakh - 1 Cr.
    Space required 400
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater Dadri Uttar pradesh
  • Anytime-anywhere promise You can shop with us online, or at..
    Locations looking for expansion Uttar Pradesh
    Establishment year 2021
    Franchising Launch Date 2023
    Investment size Rs. 50lakh - 1 Cr.
    Space required 750
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater Noida Uttar Pradesh
Insta-Subscribe to
The Franchising World
Magazine
tfw-80x109
For hassle free instant subscription, just give your number and email id and our customer care agent will get in touch with you
email
mobile
OR Click here to Subscribe Online
Daily Updates
Submit your email address to receive the latest updates on news & host of opportunities

Free Advice - Ask Our Experts

pincode
;
ads ads ads ads