
Scaling new heights: Get ready for biggest India-Africa summit
In the biggest diplomatic event New Delhi will hold in decades, India is set to host the third edition of its summit with the leaders of the renascent African continent in the last week of October, a defining step that is expected to push the envelope for multi-tiered engagement between the two emerging growth poles of the world.
Ending months of speculation, India’s external affairs ministry announced on March 25 that the third India-Africa Forum summit will be held on October 29, and will be preceded by meetings of senior officials and foreign ministers of India and 54 African countries.
The October 26-30 India-Africa summit will be a microcosm of India’s multi-faceted engagement with the continent that harks back to shared anti-colonial solidarity and has morphed into a multi-dimensional relationship that has been mutually empowering and rewarding. This is reflected in burgeoning trade and investment – bilateral trade has exceeded $70 billion and investments from Indian companies into Africa have already crossed $32 billion dollars. Development partnership, pivoted around capacity building and human resource development, is already on an upswing.
Clearly, there is much more India can do. There is a tendency to compare India’s engagement with Africa with that of China’s spectacular success in the continent in areas of trade and investment. China’s bilateral trade with Africa is three times more than that of India’s with the continent. But such comparisons are misleading as the two Asian giants have different histories of engagement with Africa and have a different set of core competencies and capacities.