The CII Africa-India conclave to focus on economic opportunities

CIIOver the last nine editions, the conclave has emerged as the pioneer event in building partnership and enhancing economic engagement between Africa and India. (Image source: CII)The 10th edition of the CII EXIM Bank Conclave on India Africa will be held between 9-11 March in New Delhi, to promote strong industrial relationships between India and Africa and boost economic opportunities

Over the last nine years, heads of states from African countries like Ghana, Cameroon, Mauritius, Zambia, Zimbabwe and Liberia, among others have participated in conclave.

The CII has also organised 13 regional conclaves in Zambia, Ethiopia, Ghana, Mozambique, South Africa, Uganda, Senegal, Côte d’Ivoire, Tanzania, Namibia and Nigeria.

The upcoming conclave in New Delhi is expected to encourage Indian exporters to access African nations with ease by signing MoUs and discuss a range of developmental projects. So far, projects worth nearly US$172.25bn have been discussed in the past nine editions of the conclave.

According to CII, the conclave has emerged as one of the largest congregation of senior ministers, policy makers and businessmen from both regions.

The CII has also explored broader financial opportunities for Indian companies by discussing credit facilities with African financial institutions to support business endeavours.

For the 2014 edition, the theme will be ‘Accelerating Economic Growth through Innovation, Transformation, Inclusion and Governance’. Through this, CII plans to prioritise on improving India’s growth trajectory, while retaining focus on accountability and transparency in the corporate eco-system.

At the upcoming conclave, Lesotho will be the partner country and DRCongo is the focus country. The Lesotho delegation will be led by the Prime Minister Motsoahae Thomas Thabanethe, and DRCongo delegation will be led by led by Chief Minister-in-charge of Industry Isidore Mvouba.

Moreover, delegates from more than 43 African countries have confirmed their participation.

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