Largest ever India-Africa conclave to begin on Mar 19
New Delhi, Mar 18: The largest ever 'The India-Africa Project Partnership 2008' conclave will begin here today. The three-day conclave will highlight Africa's potential as an investment venue and increase economic cooperation between India and the nations of the African continent.
Vice Presidents of Tanzania and Ghana and 37 African Ministers are among the 925 delegates who will participate in 'The India Africa Project Partnership 2008', organised by the Confederation of Indian Industry (CII), the EXIM Bank, the Ministry of Commerce and Industry and the Ministry of External Affairs. The conference will focus on four main areas - technology, agriculture, human resources and energy. The conference will enable Indian investors to interact with key people from more than 35 African countries on one platform.
Besides, the conclave is expected to discuss 131 projects worth 10 billion dollars. Africa is already an important trade partner for India. For example, Nigeria is India's second largest source of imported crude petroleum, accounting for 12.2 percent (6.9 billion dollars) of India's global imports.
South
Africa
is
the
fourth-largest
source
for
India's
gold
imports
while
Morocco,
Senegal
and
South
Africa
are
leading
sources
of
India's
global
imports
of
inorganic
chemicals.
FDI
inflows
to
India
from
African
countries
between
August
1991
and
March
2007
were
18,249
million
dollars.
(ANI)