India and Africa are working together to build democratic developmental institutions. Every year, over 3000 people from Africa including parliamentarians, civil servants and technocrats visit India for various training and capacity building programmes.
Countries from Africa have collaborated with India to build key developmental and governance institutions in areas such as agriculture, foreign trade, micro-finance, entrepreneurship development, infrastructure building and healthcare to name a few. The Pan Africa e-network is a great example of India’s intervention in Africa.
India is extending about 22,000 scholarships for the next 3 years to African students and professionals to help them become change agents to lead their respective societies to a better future. There are also training programmes and exchanges that have been put into place. One good example is the one cited by the NID director of empowering the local African crafts communities through design intervention.
Foundations for the Future
India is contributing over US$ 1 billion by 2014 to establish training facilities across the African continent. These include institutes for development of human resource, agriculture and science and technology. They will also impart value addition in areas like textiles, food processing and the like.
Across sectors, Indian enterprises are investing in Africa in a big way. These enterprises are contributing to Africa’s domestic and export economies.
Indian companies are well known for employment generation in their host countries, transfer of technology, building local investments and contributing to intra-african trade. They also undertake their Corporate Social Responsibility (CSR) seriously.
Automobiles, Pharmaceuticals, Horticulture, Farm equipment, Telecommunications, Oil & Gas, FMCG.
Since 2005, Indian companies have invested over US$ 50 billion in Africa.
Funding the Future
India provides soft loans through line of credit for the development of its African partners. Currently US$ 5 billion is available between 2011-1014 for supporting infrastructural development, regional integration and other development objectives to African countries. Since 2003, nearly US$ 10 billion in credit has been made available to Africa.
Building Trust and Mutual Respect
In response to Africa’s integration processes, India has a 3-tier system of cooperation at the continental level with the African Union and the regional economic communities.
Africa is home to a large Indian diaspora, who contribute to the continent’s society, culture and economy.