05/12/2020
India is a natural fit to engage in business in a challenging environment and diversity in Africa...There is a huge potential between India and Africa to explore trade and investment opportunities as both the regions together have a market of 2.5 billion people....India mainly exports pharmaceuticals, engineering and electronic products to Africa and imports natural resources and diamonds and huge scope is there in areas including engineering, electronics and mining....Indian and African companies can explore investments in sectors like IT, energy and mining...India is now Africa’s third largest trading partner accounting for a approximate total value of $68. billion in 2018-19.... India is a partner whom the United States,Japan and the European Union would be more comfortable with in Africa....It is through its business interests India could make greater use of its huge diaspora community present in Africa....
Technology has enabled the continuation of efforts to increase trade and tourism between India and Africa....