He added that India's Duty-Free Tariff Preference (DFTP) scheme offers tremendous opportunities for mutual development. | File photo
Africa's natural resources, demographic advantage and growing economic integration through the African Continental Free Trade Area make the country an attractive destination for investment, Vice President Jagdeep Dhankhar said on Wednesday.
He also said that India's advanced digital technologies and its space programme offer great 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 the country an attractive destination for investment,” said Dhankhar.
He was delivering a speech at the CII's India-Africa Business Conclave here.
He added that India's Duty-Free Tariff Preference (DFTP) programme offers tremendous opportunities for mutual development.
The Vice President said that resurgent Africa and emerging India could provide strong impetus to South-South cooperation, particularly in areas such as clean technologies, climate-resilient agriculture, maritime security and connectivity.
“India's space programme offers Africa technology-based solutions to drive sustainable development. This is an area that offers tremendous opportunities,” he said, adding that India is Africa's fourth largest trading partner with bilateral trade of $85 billion.
(Only the headline and image of this report may have been edited by Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)
First published: 21 August 2024 | 13:59 IS
“Incurable gamer. Infuriatingly humble coffee specialist. Professional music advocate.”
