Global Indian News
” India, one of the fastest growing major economies in the world, with a current growth rate of 8.2%, is on course to become a 5 trillion economy by 2025. …
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ABUJA: Nigeria, Africa’s largest economy and the most populous country, has exhorted the region to emulate India’s economic success and called for deepening and diversifying its relations with the world’s …
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The story of India’s own freedom struggle is closely linked to Africa. It is not just the 21 years that Gandhiji spent in Africa, or the First Non- Cooperation Movement …
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Addressing members of India diaspora in kampala, Uganda, PM Modi said that “India is now exporting smartphones and cars to those countries from whom it used to import these items in the …
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” We are going to open a High Commission in Rwanda. This will not only establish communication between our respective governments but also enable facilities for consular, passport, visa.” Prime …
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It’s time for Africa, and Africa’s turn to bask in the global spotlight as the BRICS summit of emerging powers hosts an outreach meeting with the leaders of many African countries in Johannesburg this week. Ahead of the BRICS summit, the leaders of India and China will launch a “Charm Africa”, diplomatic mission, with both Prime Minister Narendra Modi and Chinese President Xi Jinping travelling to Rwanda, a landlocked country with not many resources, but full of can-do spirit to fashion the country’s destiny anew. Besides Rwanda, Modi will be visiting Uganda and South Africa and Xi Jinping will travel to Senegal, South Africa and Mauritius.
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The Asia-Africa Growth Corridor has to be framed in the broader context of the African Agenda 2063. The agenda identifies seven key aspirations that are to be achieved over the next 50 years. The period is divided into 10-year implementation plans which allow for prioritization and easier monitoring of progress.
The first aspiration of the Agenda 2063 is a prosperous Africa based on inclusive growth and sustainable development. Here we are not only talking about living standards, health and well-being, but also about well-educated citizens, about creating economies that are structurally transformed to create shared growth, looking at modern agriculture and taking advantage of Africa’s unique natural endowments.
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Zimbabwe’s long-awaited moment of celebration has finally arrived with the 93-year-old strongman Robert Mugabe announcing his resignation after a reign of 37 years. On November 21 his letter, wherein he expressed his decision to step down from power to allow a peaceful leadership change, was read out by the speaker of the Zimbabwean parliament, Jacob Mudenda. With his announcement, Mr Mugabe has saved himself from the ordeal of an impeachment hearing that had been initiated against him.
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Against the backdrop of the unfolding resurgence of India and East Africa, the fastest growing region in a rising African continent, Uganda’s President Yoweri Museveni has called for pitching the burgeoning economic partnership onto a higher orbit.
India’s Commerce Secretary Rita Teaotia underscored the striking convergence between the two regions and spoke about an “alignment between the India Growth Story and Africa’s own vision of resurgence, as crystallised in African Agenda 2063.”
Mrs Teaotia is leading a high-profile delegation of top Indian industrialists, investors and senior officials, to the CII-EXIM Bank Regional Conclave on India and East Africa in Kamala.
Setting an upbeat note about the future of India’s economic relations with Uganda and East Africa, Mr Museveni exhorted Indian investors to take advantage of the improving investment environment in the country. “The potential is very big. Purchasing power in Africa is going up. Africa is the business centre of the future. You are right now in the right place at the right time,” Mr Museveni told delegates at the CII-Exim Bank Regional Conclave on “India and East Africa: Partners in Development.”
Sanjay Kirloskar, Chairman, CII Africa Committee, and CMD, Kirloskar Brothers Limited, dwelled on focus areas of the India-East Africa partnership, which includes infrastructure, banking & finance, manufacturing, agriculture and food processing and knowledge sectors like IT & telecom, health care, education & skill development.
As India gears up to intensify trade and investment with the dynamic East African region, promoting Brand India in the region will be crucial. Brand India is synonymous with Trust, Quality and Innovation, said Mr Kirloskar.
India is set to accelerate its economic engagement with East Africa, the fastest growing region in the African continent and home to a large Indian diaspora, at a regional business conclave in Kampala.
The two-day India-East Africa business conclave, organised by Confederation of Indian Industries (CII) and EXIM Bank, will be inaugurated by Uganda’s President Yoweri Museveni in the Ugandan capital on November 20. India’s Commerce Secretary Rita Teotia is leading the high-profile Indian delegation, which includes top investors in Africa like Shobana Kamineni, president, CII and Sanjay Kirloskar, CMD, Kirloskar Brothers Limited. Many ministers from East African countries will be participating in the conclave.