On January 22, 2021, the India Africa Trade Council 2021 was inaugurated in Hotel Crowne Plaza, Chennai (Tamil Nadu) for building up business relations between India and Africa.
- It was inaugurated by the Additional Secretary (Africa) Ambassador Nagma Mallick (IFS) Ministry of External Affairs (MEA), Govt. of India and the Ambassador of Ethiopia in India Dr Tizita Mulugeta Yimam.
Key Points:
–As a part of the council, 13 Trade offices linked directly with embassies in Delhi will be opened in Major Metro cities of India which makes our Indian Businessmen could have the interest to do a trade in African countries.
–The Indian side will facilitate the collaboration of South Indian market which includes Hyderabad, Chennai, Bangalore with African companies.
–Africa is keen to improve its multilateral relations with India especially in the area of capacity building with organizations like Common Market for Eastern and Southern Africa (COMESA), Economic Community of West African States (ECOWAS), West African Economic and Monetary Union (WAEMU), Southern African Development Community (SADC) and Sahel.
Director of the India Africa Trade Council Appointed
Ramakrishan, Founder of Corporate Clinic in Chennai was appointed as the Director of the India Africa Trade Council during the ceremony in Chennai.
Visit of South India Delegation in April 2021
A 30-member delegation from South India of the India Africa Trade Council will visit COMESA region of Ethiopia, Djibouti, Zimbabwe, Botswana and Namibia in the month of April 2021 and various MOUs in Health sector, Skill development, Agriculture are expected to be signed with various companies and organizations in this region.
Programs planned for the India Africa Trade Council:
–Establishment of India Africa Film Commission for identifying opportunities in Film shootings for Bollywood and South India film Industry by Wali Kashvi.
–Meetings will be held to discuss the possible collaboration and purchase of 500 cars for Djibouti from India Company Tata Motors.
–Monthly Round Table to be conducted with a focus on different countries of Africa every month in Chennai.
–Launching of Africa Special Economic Zone in Kolar, Karnataka on 100 acres land parcel for collaboration with Africa companies.
Recent Related News:
i.On December 13, 2020 Ambrose Mandvulo(M.) Dlamini, Prime Minister (PM) of Eswatini passed away at the age of 52 at South African Hospital. He was the 1st World Leader who died of Covid-19 while serving as Prime Minister.
ii.On November 10, 2020 Rahul Chhabra, Secretary (Economic Relations), Ministry of External Affairs, Government of India launched India-Brazil-South Africa (IBSA) report on ‘Deepening Cooperation in IBSA: Perspectives from Key Sectors’ over a virtual platform from New Delhi, India.
About South Africa:
Capital– Pretoria (executive), Cape Town (legislative), Bloemfontein (judicial).
Currency– South African Rand (ZAR)
