India's ministers predict that trade with Africa will hit
US$100 billion, but it will take many more deals and deeper import
and export diversification
Over the next five years, New Delhi expects India's trade with
Africa to reach US$100 billion - despite the global economic slowdown.
In an upbeat analysis of relations with Africa, Indian Foreign
Minister Pranab Mukherjee identified agriculture, mining,
chemicals, information technology and infrastructure components
as the main areas for expansion. Mukherjee was speaking at the
India-Africa Business Partnership Summit in New Delhi on 21 January;
also at the Summit, External Affairs Minister Anand Sharma
promised his government would ask its banks to improve payment
and credit facilities for Indian and African businesses....
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