Jump to navigation

Vol 2 (AAC) No 3

Published 1st January 2009

Delhi defies the downturn

India's ministers predict that trade with Africa will hit US$100 billion, but it will take many more deals and deeper import and export diversification

Over the next five years, New Delhi expects India's trade with Africa to reach US$100 billion - despite the global economic slowdown. In an upbeat analysis of relations with Africa, Indian Foreign Minister Pranab Mukherjee identified agriculture, mining, chemicals, information technology and infrastructure components as the main areas for expansion. Mukherjee was speaking at the India-Africa Business Partnership Summit in New Delhi on 21 January; also at the Summit, External Affairs Minister Anand Sharma promised his government would ask its banks to improve payment and credit facilities for Indian and African businesses.

End of preview - This article contains approximately 1569 words.

End of preview

Subscribers: Log in now to read the complete article.

Account Holders: Log in now and use your Account Credit to buy this article. No Credit? Top up your Account now.

If you are logged in, but still cannot access the full text of this article, email customer services or telephone us on +44(0)1638 743633.