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Home International Customs India

Trade between India, Africa likely to increase $160b by 2020

byCustoms Today Report
31/08/2015
in India
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New Delhi: The closeness between India and Africa is growing and expanding faster in the 21st century and it is expected that this will lead to significant cooperation and trade of around $160 billion by 2020. Sunanda Rajendran, secretary general, Indo-African Chamber of Commerce & Industry (IACCI) said that Africa’s relationship with India is strategic and this is important in the quest for socio-economic development of the continent.

Our objective is to promote bilateral trade and bring people of the two regions together. It will take at least a decade to bring poor people from Africa to mainstream. We are working in agriculture, health, vocational training, banking and finance, education, infrastructure and power and energy sectors,” Sunanda said on the sideline of ‘Strategies for further enhancement of Indo African Trade’.

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