India’s experience in creating a start-up ecosystem can benefit Africa
New Delhi: Union Minister for Commerce & Industry, Consumer Affairs, Food & Public Distribution, and Textile Shri Piyush Goyal have emphasized the need for a trade and investment agreement between India and Africa. Addressing the Special Ministerial Session at the 17th CII Exim Bank Conclave on India-Africa Growth Partnership, Shri Goyal said that going forward, the economic outlook, in the long run, is going to be promising for both India and Africa, because this is where the markets and opportunities are present.
The Minister said that this conclave will certainly have a huge impact on our engagements, both bilaterally, and also strengthen investment interest. “Every single engagement today demonstrates the immense possibilities between India & Africa. We will be able to offer new technologies that we are working on in India that will help expand trade, commerce, business, investment & opportunities for Africa’s youth,” the minister said.
Shri Goyal said that we believe that the destiny of nearly 3 billion people is in our hands as India and Africa offer future opportunities that are unparalleled. “India has a decisive leadership today. India’s development partnership with Africa will be on terms that will be comfortable to Africa that will liberate its potential and not constrain its future. We want Africa to grow and prosper”, he said.
The Minister said that Prime Minister Shri Narendra Modi has stated our government’s commitment to the economic resurgence of Africa. He said India’s experience with the digital revolution to support Africa’s growth, extend education, and health, spread digital literacy, and quality infrastructure could be harnessed. Shri Goyal said India’s Startups and our digital innovations like UPI, ONDC, etc. can benefit Africa immensely.
The Minister said that India is pursuing deeper engagement with several developed countries and that India recently concluded a Comprehensive Economic Partnership (CEPA) with UAE, and Economic Cooperation and Trade Agreement with Australia. We are at an advanced stage of discussion with the UK and are looking for an enhanced partnership with Canada, the EU, Israel, and other nations.
In concluding his address, Shri Goyal said that as India enters the Amrit Kaal, it cares not only for the prosperity of its own citizens but for every citizen of the world.