10-11 February 2016. New Delhi. This is in continuation to the spirit of deepening India-Africa cooperation in Agrifood sector echoed during the 3rd India-Africa Forum Summit held at New Delhi.
The 2 day international business forum had the sector experts and business leaders from across Africa and India for an action oriented agenda to unlock the potential that both India and Africa have for engaging in this sector. Following African Countries participated : Benin, Togo, Seychelles, Malawi, Gabon, Togo, Nigeria, Ghana, Kenya, Mozambique, Zimbabwe, Tanzania, Uganda, Liberia, Cote d’Ivoire, DRC, Mauritania, Swaziland, Rwanda, Benin, Namibia, Guinea Bissau, Guinea, and Senegal.
India is keen to extend Line of Credit (LoC) to least developed African countries for joint venture business initiatives in agriculture sector. (…) We hope to extend lines of credit to joint venture Agri-business initiatives in Africa to deepen our engagement in the agriculture sector particularly in LDCs (least developed countries) and thereby help to support food security in both our regions. (…) Initially started in four countries — Benin, Burkina Faso, Chad and Mali, it had been extended thereafter to Malawi, Nigeria and Uganada. As agreed in the recent Africa Forum meet in New Delhi, it would be further expanded to Ghana, Togo, Tanzania and Zambia over the next five-year period. (…) Cotton is certainly an important crop in Africa as it is in India, but in many countries it continues to be exported as raw material without too much of value addition. The programme is an initiative to strengthen the cotton and textile sector in selected countries (of Africa),” Commerce Secretary Rita Teaotia
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