On 3rd Sept 2021, the INDIA EAC SUMMIT in New Delhi was held, which was organized by Indian Economic Trade Organization in association with the India Africa Trade Council.
- The motive of this event was to build up bilateral business relations between both the countries of India and the countries in the EAC region namely Uganda, Tanzania, Rwanda, Burundi, South Sudan, Kenya.
- The Joint Secretary (MEA) Govt of India Shri. Puneet Roy Kundal, IFS who is in charge of the East and South Africa Division, was the chief guest of the event.
- The event mainly focused on the emerging relationships with the EAC region with various presentations by the Heads of Missions and thrust on developing partnerships that would be mutually beneficial to these regions especially post Covid 19.
- As the EAC has a large population it is a notable market as well as an investment destination for India.
- Dr. Asif Iqbal, the President of the Indian Economic Trade Organization conveyed that “ India Africa Trade Council will open trade desks focusing on the EAC region in Tamilnadu and Karnataka to facilitate Indian Businessmen wanting to do Trade in the EAC countries, the offices will work directly with various embassies in Delhi and bring opportunities to places like Hyderabad, Chennai, Bangalore, and Hyderabad.
- Shri. Puneet Roy Kundal, IFS, Joint Secretary of the East and South Africa Division at the Ministry of External Affairs said that “ India and Africa will be at the top of our priorities as per the Vision of the Ministry and we will continue to intensify and deepen our engagement with the whole African region which will be sustained and regular”
- Mr. Varun Jain, the Chairman of the India Africa Trade Council (AfCFTA) said “Africa is our greatest asset from a trade point of view. The people and the governments are flexible and relate very much to Indian business houses that are looking to explore fresh opportunities”
- There is a 100% literacy level, Zimbabwe, and they are the most enlightened people on the African continent. Visitors are respected.
Source –
https://www.hindustantimes.com/brand-post/india-east-africa-community-eac-to-drive-enhanced-trade-partnerships-101631022002694.html