World Business News
Indian leaders expressed a goal that the bilateral trade with Africa would soon reach USD 150 billion hopefully within the next five years, from the current value of USD 52 billion. Minister of State for Commerce and Industry Mr. C R Chaudhary said that the current level of trade is increasingly seen as well below the potential especially when viewed in perspective of the opportunities available. He urged the African countries to properly utilize the Duty-Free Tariff Preference (DFTP) scheme to help boost trade between the two regions. The scheme allows the import of almost all products from least developed countries (LDCs) to India attracting lower or zero duties. "I am confident that India-Africa bilateral trade can touch USD 150 billion in the next five years.
According to the organizers, Buildexpo has grown in several aspects in 2018. The visitor registrations are much higher including top industry professionals such as builders, developers, architects, consultants, engineers, manufacturers, importers & distributors. In terms of exhibitors, the event will showcase a wider range of products and equipment also this year since there has been a focus on the mining, lighting, wood and water industry.
The Healthcare market in East Africa continues to go from strength to strength. This year Expogroup Worlwide returns to East Africa with 3 new editions of Medexpo in three of Africa’s fastest growing and most-prosperous economies;
African Development Bank (AfDB) wants to accelerate engagement with the Indian government in terms of expanding business prospects in Africa, AfDB President Akinwumi Adesina said during his first official visit to India. He told reporters that "Rapid urbanization and rapid growth of middle class will lead consumption demand, which is going to make Africa the place to be. The most important area for investment is power. Electricity, infrastructure and agriculture are other key areas," Almost 645 million people in Africa need to have access to electricity, suggesting huge
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Kenyatta International Convention Center ( KICC ) is gearing up to host its largest annual event, the 21st edition of Buildexpo Africa to be held from May 3 to 5. The show catering to the construction industry is spread over the entire indoor and outdoor area of KICC with exhibitors participating from 40 countries.
NEW DELHI: Indian companies are being called to invest in African power, infrastructure and farming sectors as a strong engagement with the country in terms of doing business in Africa is being promoted by the AfDB. 