 "Africa's natural resources, demographic advantage attract investors: VP | India News")
He added that India’s Duty-Free Tariff Preference (DFTP) scheme offers enormous opportunities for mutual development. | File Photo
Africa’s natural resources, demographic advantage and growing economic integration through the African Continental Free Trade Area make it an attractive destination for investments, Vice President Jagdeep Dhankhar said on Wednesday.
He also said that India’s new-age digital technologies and its space programme offer huge opportunities for Africa to increase cooperation with India.
“Africa’s natural resources, demographic advantage and growing economic integration through the African Continental Free Trade Area make it an attractive destination for investments,” Dhankhar said.
He was addressing CII’s India-Africa Business Conclave here.
He added that India’s Duty-Free Tariff Preference (DFTP) scheme offers enormous opportunities for mutual development.
The vice president said that resurgent Africa and rising India can give a strong impetus to south-south cooperation specially in areas like clean technology, climate-resilient agriculture, maritime security, and connectivity.
“India’s space programme offers Africa tech-based solutions to advance towards achieving sustainable development. This is an area that offers enormous avenues,” he said adding that India is Africa’s fourth largest trading partner with USD 85 billion bilateral trade.
(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)
First Published: Aug 21 2024 | 1:59 PM IST
