upsurge in indiaafrica ties a winwin situation
Last Updated : GMT 05:21:58
Arab Today, arab today
Arab Today, arab today
Last Updated : GMT 05:21:58
Arab Today, arab today

Upsurge in India-Africa ties a 'win-win' situation

Arab Today, arab today

Arab Today, arab today Upsurge in India-Africa ties a 'win-win' situation

Vice President Hamid Ansari (centre)
Kigali - Arab Today

Africa's complementary strengths to become a major contributor to India's energy and food security requirements make the resource-rich continent a "natural economic partner" of the country, Vice President Hamid Ansari said on Tuesday.

The imperatives that drive Africa-India engagement are based on "shared challenges, common interests, and perceptions of mutual benefit" and come from "our complementary strengths and capacities that make us natural economic and commercial partners," Ansari said. 

"India provides a long-term, stable and profitable market to the goods and services that Africa generates. For India, Africa has the potential to become a major contributor to our energy security and food security requirements. This is a 'win-win' situation," he said.

Addressing a gathering at the University of Rwanda here, he emphasised that India's 328 million youth, who constitute 28 per cent of its population, like young people everywhere, are "anxious to build a better world."

"The upsurge in India-Africa relations comes at a time when the world has acknowledged India's growth story. The rapid growth of our economy over the last 25 years has provided India with additional resources, not only to augment its own developmental efforts, but also to collaborate with our partners in their developmental efforts across the world, and particularly in Africa," Ansari said.

Ansari said the upsurge takes place also at a time when Africa has "cast-off its image of deprivation and hopelessness and taken control of its own resources and destiny, as winds of progress, peace and participation sweep across this great continent."

"This new-found confidence and developmental zeal is best demonstrated by your own country (Rwanda) whose economic performance has been termed 'remarkable' by the International Monetary Fund," he said.

Minister of Education of Rwanda Musafiri Papias Malimba and Chancellor of University of Rwanda were also present during Ansari's address, which was his last formal engagement in Rwanda before he departs for Uganda.

He arrived in the east African country on February 19 and has launched a India-Rwanda Innovation Growth Programme that seeks to cement the "strong ties" between the two countries.

During Rwandan President Paul Kagame's visit to India in January an understanding was reached for a new Line of Credit worth $80 million for a road project. "We are also committed to continuing and enhancing the provision of scholarships for training of Rwandan civilians and defence personnel under various technical cooperation and cultural cooperation programmes," Ansari said.

"Our bilateral trade has doubled over the last five years, but at $106 million, remains modest and much below its potential." The quantum of Indian investments in Africa has increased in recent years and is presently estimated at $35 billion.

Source :Times Of Oman

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

upsurge in indiaafrica ties a winwin situation upsurge in indiaafrica ties a winwin situation

 



Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

upsurge in indiaafrica ties a winwin situation upsurge in indiaafrica ties a winwin situation

 



Arab Today, arab today Modern colorful bedroom renovation

GMT 11:23 2017 Thursday ,21 December

Modern colorful bedroom renovation
Arab Today, arab today For the Variety of Interior Design Styles

GMT 11:14 2017 Tuesday ,19 December

For the Variety of Interior Design Styles

GMT 14:12 2016 Sunday ,06 November

Pitt seeks joint custody of children with Jolie

GMT 12:26 2016 Monday ,22 August

Britain flexes sporting 'superpower' muscle

GMT 17:49 2016 Tuesday ,29 November

Kuwait Cabinet steps down after Parliament polls

GMT 20:32 2017 Wednesday ,25 October

Pyeongchang flame to be lit in Olympia

GMT 12:52 2017 Sunday ,20 August

Apple under pressure to dazzle as market slows

GMT 17:19 2016 Sunday ,09 October

Egypt, Switzerland discuss mines clearance project

GMT 02:18 2017 Tuesday ,01 August

Sudanese president begins Kuwait official visit

GMT 02:17 2017 Monday ,09 January

Emirati gives birth using frozen ovary

GMT 02:39 2017 Thursday ,02 February

10 of thousands of Yemenis trapped in Red Sea fighting

GMT 17:22 2017 Friday ,15 September

Formula One: I'm not here to finish third, says Bottas

GMT 17:58 2016 Saturday ,22 October

Kirkuk raid offers glimpse of post-caliphate Daesh

GMT 20:01 2016 Monday ,28 November

Bomb Defused near US Embassy in Philippines

GMT 08:43 2016 Monday ,14 November

Samsung to buy US auto parts supplier Harman for $8bn

GMT 10:13 2017 Friday ,28 April

carries out last execution

GMT 22:52 2017 Tuesday ,22 August

Information minister lauds relations with Jordan

GMT 11:24 2017 Wednesday ,11 January

Swiss jailed in Singapore over Malaysia's 1MDB saga

GMT 04:49 2017 Saturday ,07 January

Bitcoin slides another 12%
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube

Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©

Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©

arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday