- India deepens its trade volumes in Africa and is fast becoming Africa’s second most important trading partner after China.
- Both beginning “development partners”, African countries and India have shown enthusiasm in the enhancement of bilateral relations through development cooperation, capacity building, economic and technological initiatives, for mutually beneficial outcomes.
- India’s trade with Africa revolves not only around oil, precious metals, and coal but also 50% of raw cashews processed. Significant exports of other agricultural commodities also.
- Similarities in population demographics make chances of a long-term relationship between Africa and India will be collaborating in the areas around food security which is a common concern for both India and most African countries. An example is that of Tropical General Investments (TGI) Group, a very good example of how a mutually beneficial relationship between Africa and India works.
- TGI is a Nigerian based conglomerate with a majority of its investments based in an emerging market, the machinery used in TGI factories were mostly purchased from internationally reputed manufacturers based in India
- Technical Head for Cashew Operations for the Group “ The mission of India is to provide complementary services to our African operations”
- It will be right to say, A seamless handshake between our origin operations in Africa and our international markets in Asia.
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