India is focussing on enhancing economic and trade co-operation with
West African nations and has set sights on increasing the trade turnover
with such African countries to around $20 billion by 2015 from the
present $14.1 billion per annum.
In addition, the focus would be on acquisition of energy assets,
including oil and gas, and penetrate African markets for the
pharmaceutical sector with generic drugs taking the lead. As a step in
this direction, India will be holding a three-day ‘India Show’ in Ghana
from July 9 in which nearly 100 leading Indian companies, including
Airtel, L&T, Reliance Industries, Sun Group, Ashok Leyland, Apollo
Hospitals and Tata Group are taking part.
Besides, Commerce and Industry Minister Anand Sharma will lead a
delegation of businessmen and officials to explore the vast business
opportunities in the Economic Community of West African States (ECOWAS),
which includes nations such as Mali, Niger, Togo, Congo and Senegal,
according to Vikramjit Singh Sahani of Sun Group and lead the delegation
on behalf of Federation of Chambers of Commerce and Industry (FICCI).
The delegation comprised representatives from sectors such as
fertilizer, oil and gas, agriculture, food processing, services, health,
IT, telecom, manufacturing, energy, pharmaceuticals, textiles and
education, Mr. Sahney said.
Interestingly, Defence Research and Development Organisation (DRDO), the
research arm of the Ministry of Defence, will also be showcasing its
innovations that have civilian application and particularly in areas
where there is suitability for the African sub-continent.
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