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Friday, October 16, 2015

2015 India-Africa Summit October 26-29,2015


This will be the 3rd summit
First Summit held in New Delhi in 2008 and the 2nd summit held in Adis Ababa ,Ethiopia

Representatives of 54 African nations including heads of state and government of around 40 countries and powerful African Union are expected to participate in the four-day India-Africa Summit beginning in New Delhi on October 26,2015

India's current trade with Africa is around USD 75 billion dollar and it has granted a whopping USD 7.4 billion for various developmental and capacity building projects in the last four years. India has implemented a total of 137 projects in 41 African countries during the period.

Expanding trade ties will be a major focus area at the summit which will see participation of over 400 business delegates from Africa besides all major Indian chambers of commerce.

A large number of African countries including Tanzania, Sudan, Mozambique, Kenya and Uganda have huge oil and gas reserves and India wants to invest in the sector to fuel its economic growth. Having a solid partnership in exploiting the blue economy will be another major focus area.

There will be deliberations on expanding ties in areas of energy, health care, infrastructure, technology and innovation

AFRICA (54) 

Among the African countries, the biggest one is Algeria, occupying around 7% of the continent's territory. And the smallest nation is the Seychelles, the worldwide famous luxurious beach holiday destination, occupying 115 islands stretching along the mainland's eastern coast.

The colorful Morocco is in the first place among the most popular travel spots in this part of the world, the second place belongs to South Africa, followed by Egypt and Tunisia

Surrounded by water from all directions, Africa is a continent with clearly determined and absolutely accurate borders. In the north it is separated from Europe by the Mediterranean Sea, in the northeast, is separated from Asia by the Suez Canal and farther by the Red Sea. From the east and southeast it is surrounded by the Indian Ocean, from the west by the Atlantic Ocean.

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