{"id":429010,"date":"2011-05-24T06:00:00","date_gmt":"2011-05-24T06:00:00","guid":{"rendered":"http:\/\/www.ghanamma.net\/2011\/05\/24\/india-woos-africa-to-boost-trade\/"},"modified":"2011-05-24T06:00:00","modified_gmt":"2011-05-24T06:00:00","slug":"india-woos-africa-to-boost-trade","status":"publish","type":"post","link":"https:\/\/www.ghanamma.com\/2011\/05\/24\/india-woos-africa-to-boost-trade\/","title":{"rendered":"India woos Africa to boost trade"},"content":{"rendered":"

\n<\/p>\n

NEW DELHI: India is setting up a diamond processing facility in Botswana. In Uganda, it\u2019s building a centre to train businesses about global markets.<\/span><\/p>\n

In four of Africa\u2019s poorest countries, Indians are helping cotton farmers improve their yields, Associated Press reported.<\/span><\/p>\n

Across Africa, India is reaching out with a generous mix of aid, education and technology transfers it hopes will pay rich dividends in the global scramble for natural resources.<\/span><\/p>\n

Over the weekend, Indian Prime Minister, Manmohan Singh, and scores of business leaders flew to Ethiopia for a meeting with African leaders aimed at prying open doors for greater business opportunities.<\/span><\/p>\n

India\u2019s interest in Africa is not surprising. The country has long-standing ties to the continent and a serious energy shortage for its rapidly growing economy. And it has a rival, China, that has become a major player in many African economies.<\/span><\/p>\n

While New Delhi insists its goal in Africa is not to counter Beijing\u2019s moves, India clearly wants to broaden its footprint on the continent, trying to make sure its growth is not hobbled by a shortage of raw materials.<\/span><\/p>\n

India is also looking to Africa to bolster its foreign policy goals, especially its bid for a seat on an expanded United Nation Security Council. New Delhi also wants closer defence ties with African states bordering the Indian Ocean in the fight against terrorism and piracy.<\/span><\/p>\n

Publicly, though, India\u2019s efforts are not only about self-interest.<\/span><\/p>\n

\u201cIndia is interested in Africa not just because of its resources; it is also actively participating in the economic development of Africa,\u201d said Shyamal Gupta of the Confederation of Indian Industry.<\/span><\/p>\n

Indian investments in African countries have been growing at a fast clip, with around 250 Indian companies investing mainly in telecommunications, chemical and mining companies.<\/span><\/p>\n

But in the past decade, China has plowed billions of dollars into Africa, building roads, bridges, railways and power installations in return for access to markets and resources. China\u2019s trade with Africa is expected to top $110bn by the end of this year.<\/span><\/p>\n

India hopes to increase its current $46bn trade with the continent to $70bn by 2015. The government is also doubling its credit lines to Africa to $5.4bn<\/span><\/p>\n

New Delhi is particularly interested in energy. India imports around 70 per cent of its oil and is seeking new suppliers in oil-rich Africa. Also, India is looking for uranium to power its ambitious civil nuclear program.<\/span><\/p>\n

But while India\u2019s goals may be similar to China\u2019s, New Delhi says it has chosen a softer, more nuanced path.<\/span><\/p>\n

Officials in New Delhi stress that India\u2019s links with Africa are centuries-old, with trade well entrenched across the Indian Ocean and buttressed by a million-strong Indian diaspora across Africa.<\/span><\/p>\n

And thousands of Africans have earned degrees from Indian universities and technological institutes on scholarships funded by the Indian government.<\/span><\/p>\n

Indian officials say New Delhi\u2019s engagement with Africa is focused on helping African companies improve their skills by sharing technology and processing metals locally rather than merely exporting the raw ore.<\/span><\/p>\n

\u201cIndia\u2019s commitment to Africa mainly involves enhancing human skills and capacity building,\u201d said Ruchita Beri, an Africa specialist at New Delhi\u2019s Institute for Defence Studies and Analyses.<\/span><\/p>\n

India\u2019s expertise in information technology, production of inexpensive medicines, and lower manufacturing costs make it an attractive place for African businesses to seek partnerships as they try to modernise and diversify their economies, most of which depend on exporting raw materials.<\/span><\/p>\n

But India\u2019s outreach also has its critics, who accuse New Delhi of turning a blind eye to corrupt and dictatorial regimes.<\/span><\/p>\n<\/div>\n<\/p>\n

More here:
\nIndia woos Africa to boost trade<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

NEW DELHI: India is setting up a diamond processing facility in Botswana. <\/p>\n","protected":false},"author":0,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[13],"tags":[],"class_list":{"0":"post-429010","1":"post","2":"type-post","3":"status-publish","4":"format-standard","6":"category-sports"},"yoast_head":"\nIndia woos Africa to boost trade - Ghanamma.com<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.ghanamma.com\/2011\/05\/24\/india-woos-africa-to-boost-trade\/\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:title\" content=\"India woos Africa to boost trade - Ghanamma.com\" \/>\n<meta name=\"twitter:description\" content=\"NEW DELHI: India is setting up a diamond processing facility in Botswana.\" \/>\n<meta name=\"twitter:creator\" content=\"@ghanamma\" \/>\n<meta name=\"twitter:site\" content=\"@ghanamma\" \/>\n<meta name=\"twitter:label1\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data1\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.ghanamma.com\/2011\/05\/24\/india-woos-africa-to-boost-trade\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.ghanamma.com\/2011\/05\/24\/india-woos-africa-to-boost-trade\/\"},\"author\":{\"name\":\"\",\"@id\":\"\"},\"headline\":\"India woos Africa to boost trade\",\"datePublished\":\"2011-05-24T06:00:00+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.ghanamma.com\/2011\/05\/24\/india-woos-africa-to-boost-trade\/\"},\"wordCount\":613,\"commentCount\":0,\"articleSection\":[\"Sports\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.ghanamma.com\/2011\/05\/24\/india-woos-africa-to-boost-trade\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.ghanamma.com\/2011\/05\/24\/india-woos-africa-to-boost-trade\/\",\"url\":\"https:\/\/www.ghanamma.com\/2011\/05\/24\/india-woos-africa-to-boost-trade\/\",\"name\":\"India woos Africa to boost trade - 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