India’s approach to Africa focuses on building sustainable partnerships rather than extractive models. Emphasizing capacity building, skill development, and technology transfer, India aims to support African countries in achieving self-sustaining growth. With nearly USD 100 billion in bilateral trade and significant investments in infrastructure, India’s long-term commitment is evident. Collaboration with Japan is also highlighted as a means to enhance supply chains and foster economic stability across Africa.
India’s strategy towards Africa emphasizes developing long-lasting, mutually beneficial partnerships, as stated by External Affairs Minister S. Jaishankar. Instead of extractive engagement models, India prioritizes capacity building, skill development, and technology transfer. This approach ensures African nations maximize benefits from investments and cultivate their own sustainable growth ecosystems.
Jaishankar highlighted that India ranks as Africa’s fourth-largest trading partner, with bilateral trade nearing USD 100 billion. He also noted significant investments in infrastructure, providing over USD 12 billion in concessional credit for projects in crucial sectors including railways and agriculture, leading to local employment and improved living conditions.
India’s extensive ties with Africa position it as a pivotal connector in the industrial value chain. Jaishankar expressed that India’s robust economy can attract Japanese firms aiming to access African markets. He envisaged synergistic collaboration between Indian and Japanese investments that would leverage Africa’s potential for mutual benefits.
Strengthening supply chains in critical sectors through India-Japan collaboration can significantly contribute to Africa’s growth, enhancing global economic stability. Jaishankar emphasized that joint efforts can foster sustainable and inclusive development, advancing Africa’s prosperity and, consequently, global economic progress.
India’s engagement in Africa is characterized by a commitment to mutually beneficial relationships rather than extractive practices. With significant trade relations, infrastructure investments, and collaborative potential with Japan, India aims to foster sustainable growth in Africa while enhancing its own economic ties on the continent. This approach not only supports African development but also contributes to broader global stability. India is dedicated to empowering Africa through long-term partnerships focused on skill enhancement, technology transfer, and infrastructure development, which leads to mutual benefits and shared prosperity.
Original Source: m.economictimes.com
