Union Minister of Commerce and Industry Shri Piyush Goyal has emphasized the potential for collaboration between India and Africa in various sectors, including mining, tourism, agriculture, and manufactured goods. He set an ambitious goal of doubling trade between India and Africa in the next seven years, citing the huge potential for trade between African countries and India. Goyal also highlighted the importance of sustainable mining practices and the value addition to minerals through joint partnerships.
He also highlighted the potential of a technology-driven partnership between India and Africa, particularly in the IT sector. He urged the use of India’s Digital Public Infrastructure to drive deeper technology penetration in Africa, enhancing financial inclusion, social sector development, transparency, digitalization, and job creation.
Goyal also highlighted the potential for cooperation in sports and cultural exchange. He noted that India can significantly contribute to Africa’s agricultural sector, with growing demand for oilseeds, pulses, and other crops in India. He proposed collaboration in plantation sectors in Africa for export to India.
Goyal also recognized the critical role of the Medium, Small, and Micro Enterprises (MSME) sector in both India and Africa. He called for enhanced cooperation to create more jobs, support MSMEs, and foster entrepreneurship. He encouraged expanding relations between MSMEs on both sides and emphasized the potential of startup ecosystems in India and Africa to engage and grow through collaboration.
Goyal expressed confidence in the tremendous potential of the India-Africa relationship, stating that they are very aligned in their desires, ambitions, and aspirations. He praised the efforts of the CII India Africa Business Conclave for enhancing cooperation between India and Africa, urging participants to set ambitious targets and work diligently to achieve them.
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