India-Africa Project Partnerships Conclave involving key policy-makers, would hold in the middle of March in India.
The key policymakers from India and African nations will brainstorm on strategies for scaling up bilateral trade volume to USD 150 billion in the next few years.
“The event will mark the deepening of India-Africa economic and business ties and pave the way for a whole range of cross-border project partnerships,” the Commerce and Industry Ministry said.
The conclave coheres into the Indian government’s broader vision of long-term engagement with Africa and its unflinching commitment to expanding the canvas of India-Africa economic partnership which is evident from the increase in bilateral trade between India and Africa by nearly 22 per cent from touching USD 62.66 billion in the year 2017-18, it added.
Senior ministers from 21 African nations will participate in the 14th CII-EXIM Bank Conclave, which will also see the presence of India’s Commerce and Industry Minister Suresh Prabhu.
Mahamudu Bawumia, Vice President of Republic of Ghana, Dr. Ibrahima Kassory Fofana, Prime Minister of Republic of Guinea, MonyaneMoleleki, Deputy Prime Minister of Kingdom of Lesotho will be present in the conclave.
The deliberations at the Conclave will be guided by long-term goals and objectives including encouraging Indian exporters to access the African countries and increase their presence in the region.
Other key areas of discussions are enabling geographical and product diversification of Indian exports to Africa, enhancing manufacturing exports of Africa by optimal utilisation of Duty Free Tariff Preference scheme and capacity building support from India.