African delegates to land in India to discuss biz

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New Delhi, Mar 12: Top business delegates from 34 African countries will be landing in New Delhi for the 6th CII-Exim Bank Conclave on India Africa Project Partnership scheduled to be held between Mar 15 and 16.

Themed as 'Developing Synergies: Creating a Vision", the 6th conclave will be guided by the objectives laid out at the historic First India Africa Forum Summit held in Apr 2008. It will also seek to build a roadmap for the second edition of the Forum Summit to be held in 2011.

About 145 projects worth over 9 billion dollars will be discussed at the event. At 5th edition projects worth over 7.2 billion dollars spread over 193 projects were discussed, and over 58 MOUs were signed in sectors such as agriculture, SMEs, and IT training.

The three day interactive conclave is expected to the strengthen the partnership between the two countries as it could increase Indian participation in Africa"s long-term development projects, enhance capacity building initiatives and resource mobilization programmes, as well as increase outreach of information on Indian enterprises in Africa.

For India, the conclave will be an opportunity to explore new ways to scale up India-Africa trade to 70 billion dollars in the next five years, promote Indian exports, strengthen trade agreements and enhance the role of Indian industry in the regional infrastructure programmes in Africa.

OneIndia News

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