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In a globally volatile economic environment, Africa remains a long term growth market. Africa’s GDP grew at 3.4% in 2015 faster than the global growth rate and some of the African economies feature in the list of fastest growing economies globally. Africa presents a huge market with an ever increasing middle class that has the potential of consumer spending of USD 2.2 trillion by 2030 according to the African Development Bank. With 29 million youths entering the labour force each year, Africa is huge potential for investment in areas such as infrastructure and manufacturing.
The region has enormous trade potential. The bilateral trade between India and Africa is expected to reach USD 100 billion by 2018, according to the president of AfDB. The continent’s export basket almost quadrupled in the past decade with trade shifting in a big way from Europe to Asia. Country-wise, India is the second largest trading partner of Africa globally and hence it merits a strategic approach to India’s engagement to Africa.
India’s private sector has been at the forefront of Africa-India ties, and from 1996 to 2016, nearly a fifth of Indian overseas direct investments went to Africa. India is the fifth-biggest investor in Africa, with investments over the past 20 years amounting to $54 billion or around 19% of Africa’s foreign direct investment. Pharmaceuticals, ICT and services, the automobile sector and the power sector are likely to be major contributors to the bilateral trade between the two countries in the next two years.
In a globally volatile economic environment, Africa remains a long term growth market. Africa’s GDP grew at 3.4% in 2015 faster than the global growth rate and some of the African economies feature in the list of fastest growing economies globally. Africa presents a huge market with an ever increasing middle class that has the potential of consumer spending of USD 2.2 trillion by 2030 according to the African Development Bank. With 29 million youths entering the labour force each year, Africa is huge potential for investment in areas such as infrastructure and manufacturing.
The region has enormous trade potential. The bilateral trade between India and Africa is expected to reach USD 100 billion by 2018, according to the president of AfDB. The continent’s export basket almost quadrupled in the past decade with trade shifting in a big way from Europe to Asia. Country-wise, India is the second largest trading partner of Africa globally and hence it merits a strategic approach to India’s engagement to Africa.
India’s private sector has been at the forefront of Africa-India ties, and from 1996 to 2016, nearly a fifth of Indian overseas direct investments went to Africa. India is the fifth-biggest investor in Africa, with investments over the past 20 years amounting to $54 billion or around 19% of Africa’s foreign direct investment. Pharmaceuticals, ICT and services, the automobile sector and the power sector are likely to be major contributors to the bilateral trade between the two countries in the next two years.
FICCI's Engagement
FICCI, as the apex chamber, has worked relentlessly over more than two decades in creating platforms for deepening India-Africa economic cooperation and catalysing policy dialogues for a mutually beneficial economic ecosystem. FICCI is continuously striving to facilitate linkages between the stakeholders of India and Africa with the priority sectors of mutual interest to both India and Africa. Starting across bilateral tie ups and business initiatives, FICCI has expanded to diverse sectoral, sub-regional and pan Africa level initiatives organised both in India and Africa. In executing this mandate FICCI works closely with the government, industry and institutions from both India and Africa such as Diplomatic Missions, Multilateral Bodies and funding agencies such as African Development Bank, RECs like ECOWAS and COMESA, African Union and various Chambers and IPAs of countries.
Timeline
2023
2022
2021
2020
2019
2018
2017
2016
2015
2014
2013
2012
2011
2010
2009
2008
Aug
Event
Diplomacy Unplugged; Exclusive Interaction with The High Commissioner of the Republic of Kenya to India His Excellency Mr. Willy K. Bett
May
Event
Diplomacy unplugged: Exclusive Interaction H.E. Mrs. MOSSI Nyamale Rosette, Ambassador, Embassy of the Democratic Republic of the Congo & DEAN of African Mission in India
Dec
Event
FICCI : East Africa Pharma Healthcare Show
Nov
Event
DIPLOMACY UNPLUGGED: Exclusive interaction with H.E. Mr Mohamed Maliki, Ambassador of Embassy of the Kingdom of Morocco
Mar
Press Release
African Continental Free Trade Area (AfCFTA) offers immense potential for Indian companies to invest in Africa: MEA Secretary
Oct
Aug
Press Release
Need to focus on making India resilient for business opportunities in Africa: Secretary (ER), MEA
Apr
Event
Covid-19: Economic effect on the Indian Businesses operating in Africa
Nov
Event
India Pavilion 'TexIndia in Africa 2019' during ASFW, Ethiopia
Aug
Event
Business Session in honour of H E Mr Edgar Chagwa Lungu, President of Republic of Zambia and Accompanying Delegation
May
Event
India Pavilion at Africa Health
Mar
Event
Namaskar Africa 2019 - India - East Africa Business Forum & Exhibition
Jan
Press Release
Mauritian PM keen on signing CEPA with India
Event
Business Meeting with Hon'ble Mr. Pravind Kumar Jugnauth,Prime Minister of the Republic of Mauritius and the accompanying delegation
Jul
Press Release
Rwanda is the key to Africa says Prime Minister Narendra Modi at India-Rwanda Business Forum
Press Release
FICCI President Rashesh Shah to lead 100-member Indian Business Delegation to Kigali
Jun
Press Release
President of Seychelles invites Indian Business to invest in Seychelles
Event
Business Interaction with the Hon'ble President of Seychelles and with the accompanying delegation
May
Event
India Pavilion at Africa Health
Mar
Event
Interactive Session with H.E. Mr Emmanuel Issoze-Ngondet, Prime Minister of Gabon
Nov
Oct
Event
FICCI Business Delegation coinciding with the visit of Mr Ram Nath Kovind, Hon'ble President of India to Ethiopia
Sep
Aug
Press Release
Tanzania ideal place to do business: Minister Mwijage
Event
Namaskar Africa 2017
Jun
Press Release
Minister of Economy, Angola offers an array of opportunities to Indian industry to invest in Angola
May
Event
Business Session with H E Mr Pravind Kumar Jugnauth, Hon'ble Prime Minister of the Republic of Mauritius, and the Accompanying Delegation
Event
India & Africa: Partners in Growth - An Exposition on Opportunities and Technologies for Collaboration
Apr
Mar
Event
Call on Meeting of FICCI Presidium with Mr Ruhakana Rugunda, Hon'ble Prime Minister of the Republic of Uganda
Feb
Event
Business delegation to Rwanda coinciding with the Visit of Mr Mohammad Hamid Ansari, Hon’ble Vice President of India
Jan
Event
Business session with H E Mr Uhuru Kenyatta, Hon'ble President of the Republic of Kenya and the accompanying delegation
Nov
Event
5-Day Capacity Building Training Programme on "Water Audit and Rainwater Harvesting"
Aug
Event
Engaging with Africa: New Perspectives - an interaction with Mr Amar Sinha, Secretary (ER), MEA, GoI
Jul
Event
FICCI Business delegation alongside the visit of Hon'ble Prime Minister of India to South Africa, Tanzania and Kenya
May
Event
Africa - India Partnership Day
Press Release
FICCI Business Delegation to Zambia for Africa-India Partnership Day
Feb
Press Release
Delegations and Ministers from over 25 countries from Africa are expected to attend
Nov
Press Release
FICCI to organize 'Namaskar Africa 2015' business forum in Mozambique
Oct
Event
Courtesy Call with Rt Hon Sir Anerood JUGNAUTH, GCSK, KCMG, QC, Prime Minister, Republic of Mauritius
Event
Indo-Rwanda Technology Transfer and Commercialization Program: Interactive Roundtable with Rt. Hon. Murekezi Anastase, Hon'ble Prime Minister Of The Republic Of Rwanda
Event
Science & Technology Innovation Exposition: India Partners Africa - Technologies & Innovations for Socio-Economic Impact Development
Sep
Jun
Press Release
President of Tanzania offers positive, peaceful, stable, predictable and competitive ecosystem to Indian investors
Event
India-Tanzania Business Forum in the honour of H.E. Dr. Jakaya Mrisho Kikwete, Hon'ble President of the United Republic of Tanzania
May
Apr
Mar
Nov
Event
SHARE-FICCI Project-Partnerships Beyond Borders: 'Workshops on Gateway to Africa'
Event
Business Delegation to Gabon & Sierra Leone
Press Release
Prime Minister of Cote d'Ivoire urges Indian investors to cash in on business opportunities in his country
Event
Interactive Session with H.E Mr. Daniel Kablan Duncan, Hon’ble Prime Minister, Republic of Cote d’Ivoire
Oct
Event
FICCI Business Delegation to Uganda & Kenya alongside Uganda International Trade Fair (UGITF 2014)
Sep
Event
Partnerships Beyond Borders: HIV/AIDS Health Conclave - India Africa Private Sector Engagement
May
Press Release
PPP model of cooperation will unfurl opportunities for India and Africa
Feb
Study
FICCI-Exim Bank Knowledge Paper on Access to Market, Finance & PPP in AgriBusiness & Food Processing
Nov
Event
Interactive session with the President of Ghana and the accompanying delegation
Sep
Jul
Jun
Event
Indian infrastructure delegation to SADC Infrastructure Investment Summit
Event
India-Africa Business Series: "Securing Energy for Emerging Markets - An Africa/Asia Perspective"
May
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Apr
Mar
Feb
Event
Mr R V Kanoria, Immediate Past President FICCI called on Mr Donald Kaberuka, President, African Development Bank (AfDB)
Nov
Event
An interaction with H. E. Mrs Zenebu Tadesse, Minister for Women, Youth and Children, Federal Democratic Republic of Ethiopia and her delegation
Event
Indian business delegation to Africa Private Sector Forum
Oct
Event
Indian Business Delegation to Mauritius
Sep
Event
Interactive Session with H.E.Mr. Pierre Nkurunziza, President of the Republic of Burundi and the Accompanying Delegation
Jul
Apr
Event
Visit of Smt. Pratibha Devisingh Patil, Hon’ble President of India and the accompanying business delegation to Seychelles and South Africa
Event
Internal Meeting for delegates visiting Seychelles with Smt. Pratibha Patil, Hon'ble President of India
Mar
Event
Breakfast meeting with H. E. Jacob Gedleyihlekisa Zuma, President of the Republic of South Africa
Jan
Oct
Event
India Africa Business Partnership Summit
Aug
Jan
Nov
Oct
Jun
Event
Meeting with H.E.Jacob Gedleyihlekisa Zuma, President of The Republic of South Africa & The Accompanying Business Delegation
Jan
Event
'Namaskar Africa' Indian Exhibition and an 'India-West Africa Business Forum'
Apr
