Africa Investment Destination: Dhankhar Highlights Opportunities
By Rediff Money Desk, New Delhi Aug 21, 2024 13:13
Vice President Dhankhar emphasizes Africa's natural resources, demographics, and economic integration as key attractions for investment, highlighting opportunities for India-Africa cooperation.
New Delhi, Aug 21 (PTI) Africa's natural resources, demographic advantage and growing economic integration through the African Continental Free Trade Area make it an attractive destination for investments, Vice President Jagdeep Dhankhar said on Wednesday.
He also said that India's new-age digital technologies and its space programme offer huge opportunities for Africa to increase cooperation with India.
"Africa's natural resources, demographic advantage and growing economic integration through the African Continental Free Trade Area make it an attractive destination for investments," Dhankhar said.
He was addressing CII's India-Africa Business Conclave here.
He added that India's Duty-Free Tariff Preference (DFTP) scheme offers enormous opportunities for mutual development.
The vice president said that resurgent Africa and rising India can give a strong impetus to south-south cooperation specially in areas like clean technology, climate-resilient agriculture, maritime security, and connectivity.
"India's space programme offers Africa tech-based solutions to advance towards achieving sustainable development. This is an area that offers enormous avenues," he said adding that India is Africa's fourth largest trading partner with USD 85 billion bilateral trade.
He also said that India's new-age digital technologies and its space programme offer huge opportunities for Africa to increase cooperation with India.
"Africa's natural resources, demographic advantage and growing economic integration through the African Continental Free Trade Area make it an attractive destination for investments," Dhankhar said.
He was addressing CII's India-Africa Business Conclave here.
He added that India's Duty-Free Tariff Preference (DFTP) scheme offers enormous opportunities for mutual development.
The vice president said that resurgent Africa and rising India can give a strong impetus to south-south cooperation specially in areas like clean technology, climate-resilient agriculture, maritime security, and connectivity.
"India's space programme offers Africa tech-based solutions to advance towards achieving sustainable development. This is an area that offers enormous avenues," he said adding that India is Africa's fourth largest trading partner with USD 85 billion bilateral trade.
Source: PTI
Read More On:
DISCLAIMER - This article is from a syndicated feed. The original source is responsible for accuracy, views & content ownership. Views expressed may not reflect those of rediff.com India Limited.
You May Like To Read
TODAY'S MOST TRADED COMPANIES
- Company Name
- Price
- Volume
- Vodafone Idea L
- 7.47 ( -0.13)
- 38000239
- Srestha Finvest
- 0.82 ( -4.65)
- 32034619
- Mishtann Foods L
- 6.91 ( -7.99)
- 22525171
- G G Engineering
- 1.60 ( -3.03)
- 10183477
- Standard Capital
- 1.01 ( -0.98)
- 9299025
MORE NEWS
J''K Bank Appoints New MD: Amitava Chatterjee
J''K Bank has appointed Amitava Chatterjee, former Deputy Managing Director of SBI, as...
Sebi Settles AIF Rule Violation Case for Rs...
Three entities, including Utthishta Virat Fund, have settled with Sebi after paying Rs...
IndiGo to Carry 112 Million Passengers in 2024
IndiGo, India's largest airline, expects to carry 112 million passengers in 2024 and...