India is Africa’s 5th biggest investor for fulfilling 2015 summit pledge – Amb. Srivastava

A lot of grey areas for India to engage Africa - Amb. Srivastava. Photo : RR

Addis Ababa, Ethiopia (ADV) – India’s Ambassador to Ethiopia, Anurag Srivastava has said the quality and spirit of his country’s century-long cooperation with Africa has been “immensely satisfying” ADV learns here..

“This was the century of India and Africa,” he said in statement on Monday following. the third International Conference on India’s Engagement with North Africa and Horn of Africa held in Addis last week.

Speaking at the event, Ambassador Srivastava pledged his country’s commitment to fulfil the promise at the India-Africa summit in 2015 to deliver concessional credit of US$ 10 billion to Africa.

Added to that is the pledge to implement US$ 600 million in grant projects and provide 50,000 scholarships and training opportunities over the next five years to Africa.

Ambassador Srivastava who is also India’s Ambassador to Djibout and the African Union, explained th the achievements against these targets had been fairly satisfactory with over 9 billion dollars of concessional credit projects completed or being implemented.

Further to that, he said more than 8,000 Africans were travelling to India as part of the training and scholarship opportunities every year; India-Africa trade reaching US$ 63 billion; and with cumulative investment of US$ 54 billion thereby making India the 5th largest investor in Africa.

It can be recalled that India gained observer status in the AU in 2005 and 41 Heads of States and Governments participated in the last India-Africa Summit in 2015.

Sharing his perspective on India’s engagement with Africa and its future,Ambassador Srivastava said a number of areas of engagement should be strengthened including education and training with a focus on innovation, entrepreneurship and start-ups.

The other grey areas he cited are: investment, and economic partnerships, in areas of agriculture, agro-processing, ICT, healthcare, education, tourism and renewable energy; and political and strategic relationships as well as people-to-people ties.

Also speaking in his capacity as guest of honor at the Addis Ababa conference, Ambassador Dr Markos Tekle, State Minister of Foreign Affairs of Ethiopia, underscored the long-standing friendly relations between India and Africa which he said had “progressed at a fast pace more recently”.

This demonstrated India’s desire to intensify high-level dialogue and consultations with Africa.

Ambassador Dr Markos Tekle, State Minister of Foreign Affairs of Ethiopia, as a guest of honor, delivered a keynote speech, underlining the long-standing friendly relations that had progressed at a “very fast pace more recently”.

This demonstrated India’s desire to intensify high-level dialogue and consultations with Africa, he said.

The theme of the Addis Ababa conference “India’s Engagement with North Africa and Horn of Africa: Issues, Initiatives and Prospects”.

It was organized by the Indian Council of World Affairs (IWAC) as part of the Indian-African Forum Summit initiatives.

The Conference, which deliberated on India’s engagement with the region, brought together academia, scholars, business leaders and experts from India and the region.

© Bur-csa – A.H – N.A / From our regional correspondent Tamba Jean-Matthew III – African Daily Voice (ADV) – Follow us on Twitter : @ADVinfo_eng