News / Economy

India Seeks To Deepen Political, Trade Ties With Africa

Anjana Pasricha

Indian leaders and businessmen are headed to Africa for a summit aimed at forging closer political and economic ties with several African countries. The Indian push for increased trade follows China’s deep investments in the region.  

Indian Prime Minister Manmohan Singh is expected to arrive Monday in Ethiopia, along with leaders of 14 African countries, for the second India-Africa Forum summit.

Indian officials say they will re-enforce the message that New Delhi wants to deepen its engagement with Africa, which is considered rich in resources and challenges for foreign businesses.

Rajiv Kumar, the Director of the Federation of Indian Chambers of Commerce and Industry, says Indian companies are at an advantage because of common ties that date back to the time when India and several African nations were European colonies.   

“It’s a mixed bag as usual," said Kumar. "There are situations and there are countries which are different. But overall because of long historical connections we have had with large parts of Africa, it is not a difficult environment to work in. In fact, Indian companies find it quite conducive to work there….the ones who have gone recently have done well.”

The Indian delegation includes representatives of such industries as telecommunications, consumer and agriculture products, power, mining, and information technology.    

Many of these businesses have already invested billions of dollars in Africa, while others are scouting for new investment opportunities.

Many observers say India is trying to catch up with China. Beijing has emerged as a key trading partner with several African countries and has sought access to the continent’s rich natural resources, such as minerals, oil and gas.

However, Rajiv Kumar says India’s and China’s investments in Africa have been very different.

“Our approach and our connection with Africa has been very different," he said. "It has been mostly our private sector companies that have been active in Africa, while the Chinese, the great majority have been public sector state enterprises which have been there. And we have not had that single-minded focus on resource extraction in Africa. And also we rely a lot more on indigenous entrepreneurs, joint ventures and labor. So the level of need is different, the approach is different.”  

Indian officials stress that New Delhi’s interests in Africa are not in competition with any other country. The government says its focus is to increase trade and investment and assist African countries as they seek to develop education, industry, agriculture and infrastructure.  

India’s trade with Africa was about $40 billion in 2010, but is expected to grow to about $75 billion over the next two years.  

The countries attending the India-Africa summit include Burundi, Chad, Egypt, Equatorial Guinea, Ethiopia, Kenya, Libya, Malawi, Namibia, Mauritania, Nigeria, Senegal, South Africa and Swaziland.  

You May Like

Philippines, Muslim Rebels Try to Salvage Peace Pact

Peace process faces major setback after botched military operation to find terrorists results in bloody gunbattle between government forces, Moro Islamic Liberation Front fighters More

Republicans Expect Long, Expensive Presidential Battle

Political strategist says eventual winner will be one who can put together strongest coalition of various conservative groups that make up Republican Party More

Video New Wheelchair Is Easier to Use, Increases Mobility

Engineers have come up with a lever-operated design that makes use of easily accessible bicycle technology More

This forum has been closed.
Comments
     
There are no comments in this forum. Be first and add one

Featured Videos

Your JavaScript is turned off or you have an old version of Adobe's Flash Player. Get the latest Flash player.
Liberia's Almost Last Ebola Patient Grateful but Still Grievingi
X
Benno Muchler
March 26, 2015 3:41 PM
Beatrice Yardolo was to make history as Liberia’s last Ebola patient. Liberians recently started counting down 42 days, the period that has to go by without a single new infection until the World Health Organization can declare a country Ebola-free. That countdown stopped on March 20 when there was another new case of Ebola, making Yardolo’s story a reminder that Ebola is far from over. Benno Muchler reports from Monrovia.
Video

Video Liberia's Almost Last Ebola Patient Grateful but Still Grieving

Beatrice Yardolo was to make history as Liberia’s last Ebola patient. Liberians recently started counting down 42 days, the period that has to go by without a single new infection until the World Health Organization can declare a country Ebola-free. That countdown stopped on March 20 when there was another new case of Ebola, making Yardolo’s story a reminder that Ebola is far from over. Benno Muchler reports from Monrovia.
Video

Video Cambodian Land Grabs Threaten Traditional Communities

Indigenous communities in Cambodia's Ratanakiri province say the government’s economic land concession policy is taking away their land and traditional way of life, making many fear that their identity will soon be lost. Local authorities, though, have denied this is the case. VOA's Say Mony went to investigate and filed this report, narrated by Colin Lovett.
Video

Video US, South Korea Conduct Joint Military Exercises

The Eighth U.S. Army Division and the Eighth Republic of Korea Mechanized Infantry Division put on a well orchestrated show of force for the media this week during their joint military training exercises in South Korea. VOA’s Seoul correspondent Brian Padden was there and reports the soldiers were well disciplined both in conducting a complex live fire exercise and in staying on message with the press.
Video

Video Space Program Status Disappoints 'Last Man on the Moon'

One of the films that drew big crowds last week at the annual South by Southwest festival in Austin, Texas, tells the story of the last human being to stand on the moon, U.S. astronaut Eugene Cernan. It has been 42 years since Cernan returned from the moon and he laments that no one else has gone there since. VOA’s Greg Flakus reports.
Video

Video Young Filmmakers Shine Spotlight on Giving Back

A group of student filmmakers from across the United States joined President Barack Obama at the White House this month for the second annual White House Student Film Festival. Fifteen short films were officially selected from more than 1,500 entries by students aged 6 through 18. The filmmakers and their families then joined the president and a group of celebrities for a screening of their films. VOA’s Julie Taboh reports.
Video

Video VOA Exclusive: Interview with Afghan President Ashraf Ghani

Afghan President Ashraf Ghani, during his first visit as president to Washington, gave a one-on-one interview with VOA Afghan Service reporter Said Suleiman Ashna, about his request for a change in U.S. troop levels, the threat from the Islamic State, and repairing relations with the United States and Pakistan. The interview was held at Blair House, late Sunday, in Pashto.
Video

Video California Science Center Tells Story of Dead Sea Scrolls

The ancient manuscripts were uncovered in the mid-20th century, and they are still yielding clues about life and religious beliefs in ancient Israel. As VOA's Mike O'Sullivan reports, an exhibit in Los Angeles shows how modern science is bringing the history of these ancient documents to life.
Video

Video Angelina Jolie Takes Another Bold Step

Hollywood actress and filmmaker Angelina Jolie has revealed she had her ovaries and fallopian tubes removed to lower her odds of getting cancer. Doctors say the huge publicity over her decision will help raise awareness about the importance of cancer screening. VOA’s George Putic has more

All About America

Circumventing Censorship

An Internet Primer for Healthy Web Habits

As surveillance and censoring technologies advance, so, too, do new tools for your computer or mobile device that help protect your privacy and break through Internet censorship.
More

World Currencies

EUR
USD
0.9211
JPY
USD
119.18
GBP
USD
0.6722
CAD
USD
1.2509
INR
USD
62.518

Rates may not be current.