India and Africa bid to bolster trade to $90bn by 2015

By Bizclik Editor

Trade between India and Africa is set to increase to $90 billion by 2015, leaders at an India-Africa meeting in New Delhi have said.

Organisers of the India-Africa Forum Summit, which involves 600 African delegates and more than 500 business delegates from India, said that over 250 projects worth around $30 billion were in discussion.

Indian Commerce Secretary Anand Sharma said that achieving $90 billion worth of trade would be a significant improvement “considering the fact that a decade ago the trade was $3 billion".

READ MORE ARTICLES FROM AFRICAN BUSINESS REVIEW:

View the latest issue of the magazine here

Ministers launched the India-Africa Business Council at the meeting, intended to propose ways to increase economic and commercial ties between the two countries.

The council will be co-chaired by Sunil Bharti Mittal, head of Bharti Group and Dangote Group president Aliko Dangote.

Africa has been a region of strong interest for India, which aims to reduce the amount of energy it imports from the Middle East and find alternative sources of energy.

African Business Review is now available on the iPad. Click here to download it.

Share

Featured Articles

Meet the COO: Brook Sims of MAC Diversity Recruiters

Passionate about helping others find their voice, diversity leader and COO Brook Sims talks powerful leadership, diverse teams and being a change agent

Best business books to improve leadership strategy

From strategic guides to inspiring CEO memoirs, these new books dish up plenty of principles, strategies, and anecdotes to help you become a better leader

Shoplazza founder and CEO Jeff Li, ex Baidu, on leadership

Named in Fortune China’s 40 under 40 for 2022, former Baidu head Jeff Li is the entrepreneurial founder and CEO of ecommerce platform Shoplazza

The office shifts to new way of working – workplace special

Leadership & Strategy

Trailblazer: Clorox's DEI leader Shanique Bonelli-Moore

Sustainability

The inspirational CEO story – Dean Forbes of Forterro

Leadership & Strategy