Good Prospects In Africa-India Trade Relations: Zenawi
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Addis Ababa, Ethiopia, Apr 29, 2006 – Ethiopian Prime Minister Meles Zenawi views closer trade relations between Africa and India as a significant driving force for economic change in his continent.
"India's extraordinary economic achievements serve as a valuable lesson for Africa," Zenawi was quoted as saying by the official Ethiopian News Agency Saturday.
Speaking at the inauguration Friday night of the first of four regional Indian-Africa Business Partnership Conclave for Eastern Africa in Addis Ababa, the Ethiopian leader stated that his country was ready to draw benefit from "this grand India-Africa partnership project", the report said.
The three-day eastern Africa business conclave has brought together leading Indian business groups with their African counterparts from Ethiopia, Djibouti, Kenya, Uganda, Tanzania, Sudan and Somalia to look into two-way trade prospects and investment and joint-venture opportunities for Indian entrepreneurs in the seven countries of the region.
He said his country wanted to work closely with Indian investors and was ready "to revamp investments in such sectors as infrastructure, agriculture, agro-industry and in other labor-intensive fields".
Speaking on behalf of the Indian business group, Sanjay Kirloskar said that Africa has emerged as a partner for Indian technologies and enterprises, and as an alternate source of energy.
For Africa, he said, India serves as an example how democracy and development go together in harmony to create a resurgent economy.
Source: newkerala.com
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