LATEST NEWS

475 projects worth $64 bn on table at India-Africa conclave

New Delhi, March 16 (IANS) The 9th edition of India-Africa Project Partnership conclave gets underway here Sunday, promising to be the largest such engagement with the 54 countries in the continent, with a record 630 registered delegates from overseas.

Co-hosted by the Confederation of Indian Industry (CII) and the Exim Bank of India, the three-day conclave is expected to discuss a host of issues including 475 projects worth $64 billion, mainly in infrastructure and capacity building, the organisers said.

This year, Cameroon is the guest country and Ethiopia the focus country.

Nearly 40 lawmakers, besides a host of industry leaders and officials from 41 African countries are taking part in the meet described by a top foreign ministry official as "the contemporary connotation to an old relationship."

"This highly successful India-Africa business forum, that would not have been possible without the private sector participation, will take the bilateral engagement to a new level," said Radhika Lokesh, joint secretary in India's external affairs ministry.

Together, India and Africa account for a population of 2.2 billion with a combined gross domestic product of nearly $3 trillion. India is Africa's fourth-largest trading partner and a significant investor across the continent

Bilateral trade between the two sides has grown from $4.6 billion in 2000 when these conclaves began, to $60 billion in 2011-12. The target is to top $90 billion by 2015.

Among the various sessions are those on catalysing larger South-South cooperation, for sustainable power, achieving food sufficiency, building capacity and infrastructure and encouraging Indian private investment in African manufacturing.

--

Get stories like this on the Yahoo app and discover more every day.
Download it now.

MARKET MOVERS

  • Most Actives
    Most Actives
    NamePriceChange% Chg
    13.89+0.99+7.67%
    NITESHEST.BO
    169.15+4.75+2.89%
    ABFRL.BO
    11.58+0.61+5.56%
    JPASSOCIAT.BO
    238.30-1.05-0.44%
    ONGC.BO
    14.42+1.31+9.99%
    SRSREAL.BO
  • Price % Gainers
    Price % Gainers
    NamePriceChange% Chg
    127.20+21.20+20.00%
    KPEL.BO
    92.10+15.35+20.00%
    PIRPHYTO.BO
    82.20+13.70+20.00%
    FORTISMLR.BO
    120.40+20.05+19.98%
    HOVS.BO
    167.85+27.85+19.89%
    AGARIND.BO
  • Price % Losers
    Price % Losers
    NamePriceChange% Chg
    80.80-20.20-20.00%
    XCHANGING.BO
    65.85-16.45-19.99%
    WELSPUNIND.BO
    794.15-137.50-14.76%
    ICIL.BO
    1,196.35-143.60-10.72%
    SHARDA.BO
    19.30-2.20-10.23%
    CAMSONBIO.BO
  •  
    Recent Quotes
    Symbol Price Change % ChgChart 
    Your most recently viewed tickers will automatically show up here if you type a ticker in the "Enter symbol/company" at the bottom of this module.
    You need to enable your browser cookies to view your most recent quotes.
  • Recent Quotes News

    •  
      Sign-in to view quotes in your portfolios.