Indian firms must invest in African nations for growth resources says Foreign Minister Sushma Swaraj

(South Sudan's foreign minister Benjamin Barnava haggard met Indian External Affairs Minister Sushma Swaraj did.)

Foreign Affairs Minister Sushma Swaraj said that Indian companies should invest in African countries, as it makes Resources and growth opportunities. It would be beneficial to both sides equally. African foreign ministers on Wednesday after meeting with Swaraj said that the continent's countries provide large opportunities for business and investment. .

India and Africa to strengthen relations between the 54 countries of India-Africa Forum Summit in a bid was launched. The first summit in 2008 in India and the second summit was held in Ethiopia in 2011. This is the third summit.

African countries are united

India-Africa Business Forum Sushma Swaraj said while addressing the impact of Economic Growth and Development in Africa appears nowhere. Today, according to your needs if they unite their strength to win-win situation for all it will be. It would meet their needs and get you business.

Trade increased 10 times in 10 years

Foreign Minister Swaraj said India and Africa in a decade to $ 72 billion in 2014-15, trade has increased 10-fold. India and Africa, the figure is less than the capacity of the trade. Sushma Swaraj said that with a population of 2.3 billion, India and Africa for all the goods and services is a big market. Swaraj said India was the fastest growing economy in the world and Africa is the continent with the fastest to grow. Our economic growth has provided opportunities for the business and investors.

Indian companies have invested 32.35 billion

Indian companies have invested in Africa for nearly 32.35 billion. The Foreign Minister said that Indian investors are aware of the potential of Africa. Large land mass in Africa, Natural Resources and the demand is great strength of Africa. We hope that many countries in Africa, particularly important step to bring the investment, manufacturing and processing activities, raise.

Oct 27, 2015


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