Engaging with Africa – India Africa Network

India has much to gain by supporting AfCFTA ( Africa Continental Free Trade Area).
India has to look closely and choose the sectors While supporting AfCFTA, for that India can take a closer look at how FDI will be attracted into specific countries and sectors. Some sectors such as Agro-processing, automotive, pharmaceuticals, textiles, chemicals, and leather can support local manufacturing as well as the SME sector for intra-African trade.
Thirty-eight African countries have established 230 special zones for industrial clusters. Ethiopia has one for pharmaceuticals, Lagos and Gabon have new private ones, and Djibouti has one too. This is a growing trend and Indian investors can see the benefits of the SEZs in select locations.
Pharmaceuticals companies are a major export of in africa.
Post-pandemic world healthcare and pharmaceuticals are much in need. Vigorous efforts need to be made to attract Indian companies.
There is a need for special efforts by AfCFTA for engagement with its major trading partners, especially India.
The Indian private sector in Africa needs much more government intervention and support, even though overseas FDI has never seriously been a part of India’s policy. As we move from debt to FDI-led partnership with Africa, such supportive intervention is necessary.

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India has much to gain by supporting AfCFTA ( Africa Continental Free Trade Area).
India has to look closely and choose the sectors While supporting AfCFTA, for that India can take a closer look at how FDI will be attracted into specific countries and sectors. Some sectors such as Agro-processing, automotive, pharmaceuticals, textiles, chemicals, and leather can support local manufacturing as well as the SME sector for intra-African trade.
Thirty-eight African countries have established 230 special zones for industrial clusters. Ethiopia has one for pharmaceuticals, Lagos and Gabon have new private ones, and Djibouti has one too. This is a growing trend and Indian investors can see the benefits of the SEZs in select locations.
Pharmaceuticals companies are a major export of in africa.
Post-pandemic world healthcare and pharmaceuticals are much in need. Vigorous efforts need to be made to attract Indian companies.
There is a need for special efforts by AfCFTA for engagement with its major trading partners, especially India.
The Indian private sector in Africa needs much more government intervention and support, even though overseas FDI has never seriously been a part of India’s policy. As we move from debt to FDI-led partnership with Africa, such supportive intervention is necessary.