NEW DELHI: India’s economic and development cooperation with Africa – including in key areas like agriculture, health, defence, technology and people-to-people connect – is set to get a major boost with govt hosting the 4th India-Africa summit later this month, after a gap of 11 years. While the summit was delayed because of the pandemic, official sources said there has been no dearth of engagements between India and Africa during the past 10 years, with around 50 high-level visits to Africa from India and almost 100 from the continent to India during this period.According to sources, the govt is expected to announce major initiatives to ramp up development assistance for Africa at the summit, which is likely to see participation by more than 40 heads of state/ govt. The last summit saw India announcing a concessional $10 billion line of credit (LOC) for Africa, where China continues to expand its economic and strategic footprint.PM Narenda Modi had also announced a $600 million grant assistance for Africa, under which India has already fulfilled its commitments.
Trending
- Global Biofuels Alliance names 15 fellows, 2 from India | India News
- ‘Why are the police here?’ Wife’s chilling remark after killing husband of nearly 30 years
- Scientists found tropical butterflies that can live nearly a year and show little sign of ageing; here’s why they may matter for longevity research
- Gasoline exports to Russia not through India’s refiners: Puri | India News
- After years of tracking packages, Amazon planning to use the same playbook for employees, as company is betting on …
- Ashwanth biggest buy at TNPL auction
- Terror associate, habitual drug peddler detained in Awantipora by J&K police | India News
- Patrick Mahomes Mansion: Inside the Patrick Mahomes’ $8M minimalist mansion |
