India in Africa

China’s increasing influence in Africa has attracted great attention in recent years. But Asia’s other rising power, India, is also becoming more active on this front, though the benefits for Africa remain uncertain.

China’s increasing influence in Africa has attracted great attention in recent years. But Asia’s other rising power, India, is also becoming more active on this front, as its economic links are moving beyond its traditional partners in the British Commonwealth. Indeed, India’s non-oil trade with West Africa currently stands at more than $3 billion and is rising fast, accounting for 1.2% of the country’s total foreign trade.

India’s economic activity in Africa goes far beyond its ever popular Bollywood movies. Indian investment in Côte d’Ivoire is expected to grow to $1 billion by 2011, which represents 10% of total Indian foreign investment in the last decade. India’s state-run Oil and Natural Gas Corporation (ONGC Videsh) produces Sudanese oil, and over the next two years Indian diplomatic missions will open in Mali, Gabon, Niger, and Burkina Faso. Until 2003, the Indian Foreign Ministry had a single Africa division; it now has three: West and Central Africa, East and Southern Africa, and West Asia and North Africa.

A study by the Federation of Indian Chambers of Commerce and Industry identified five main sectors that can act as “engines of growth” to boost Indo-Africa trade: pharmaceuticals and the health sector, information technology, water management, food processing, and education.

To continue reading, please log in or enter your email address.

To access our archive, please log in or register now and read two articles from our archive every month for free. For unlimited access to our archive, as well as to the unrivaled analysis of PS On Point, subscribe now.

required

By proceeding, you agree to our Terms of Service and Privacy Policy, which describes the personal data we collect and how we use it.

Log in

http://prosyn.org/ig5g7Gu;

Cookies and Privacy

We use cookies to improve your experience on our website. To find out more, read our updated cookie policy and privacy policy.