Monday, 14 March 2016

11th CII EXIM BANK CONCLAVE

11th CII EXIM BANK CONCLAVEREINVIGORATING PARTNERSHIPS, STRENGTHENING TIES India is neither a new actor in Africa, nor is it merely emerging. India lately celebrated its close partnership with Africa in the form of 3rd IAFS, the event which served as the most remarkable diplomatic exercise hosted by India for Africa. Africa is again in the air as the Confederation of Indian Industry (CII) along with the Ministry of Commerce & Industry and the Ministry of External Affairs, Government of India is ready to host the 11th CII EXIM Bank Conclave on India-Africa Project Partnership.   India is neither a new actor in Africa, nor is it merely emerging.

The good sense of political empathy and harmony between India and Africa dates back to the several decades of the 20th Century when the citizens of India and Africa were betrothed in an incessant struggle to gain independence from colonial rule and to become arbiters of their own destinies. Mahatma Gandhi shaped Satyagraha or non-violent resistance to colonial rule, racial discrimination and oppression, during his stay in South Africa.  

Infact India and Africa have adhered across the Indian Ocean for centuries and today, this rapport is intensifying in an energetic and multifaceted manner. India - Africa story is one that embraces enormous potential for the future. With the two economies enjoying young populations, plentiful natural resources, good connectivity and strong ties, they can move together on their development voyage. Both sides have experienced strong growth in recent years, counting in social and physical infrastructure, leading to rising incomes and new sectors of cooperation.

This is echoed in the fact that bilateral trade has multiplied manifold in the last decade, while Indian companies are exhibiting escalating interest in investing in Africa. The sectors of interest include agriculture, infrastructure, education and skill development, healthcare, manufacturing amongst others.   Promoting Partnerships with CII Conclave India just celebrated its close partnership with Africa in the form of 3rd IAFS, the event which served as the most remarkable diplomatic exercise hosted by India for Africa. Africa is again in the air as the Confederation of Indian Industry (CII) along with the Ministry of Commerce & Industry and the Ministry of External Affairs, Government of India is ready to host the 11th CII EXIM Bank Conclave on India- Africa Project Partnership.

It is scheduled to be held from 14 - 15 March 2016 in New Delhi. Once again, Indian exporters shall get access to the African countries to further upsurge their occurrence in the region. The first CII- EXIM Bank Conclave on India Africa Project Partnership was held in the year 2005. As said, the spirit of the CII Conclave has been to inspire Indian exporters to access the African countries and upsurge their presence in the region. A measure of success is the increasing participation level at the event. The other measure is the number of MOUs that are being inked and the value of projects that are discoursed. 2534 projects worth USD 256.63 billion have been discussed in the 10 past editions.  

India - Africa story is one that embraces enormous potential for the future. With the two economies enjoying young populations, plentiful natural resources, good connectivity and strong ties, they can move together on their development voyage.   This multi-pronged target of growing trade, investment and developmental activities necessitates a continued and concentrated effort. The effort from CII has been to keep up the impetus and keep the Africa agenda on the vanguard of Indian investors and exporters.

The mounting India-Africa economic connections bear evidence to the concrete benefits that has ensued from the high profile engagements at the conclaves. The India growth story has found a significant impetus in Africa in this period, supported by the growing participation of key African delegates at the annual conclaves. The Conclave has effectively been able to build a bridge between Indian and African businessmen and senior government officials, under the public - private - partnership model. The Conclave has developed as one of the largest congregation of senior ministers, policy makers and business leaders from Africa and India, cutting across sectors. Read more....

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