IANS | 19 Jul, 2022
Union
Minister for Commerce & Industry Piyush Goyal has emphasized upon
the need for a trade and investment agreement between India and Africa.
Addressing the Special Ministerial Session at the 17th CII Exim Bank
Conclave on India-Africa Growth Partnership today, Goyal said that
going forward, the economic outlook, in the long run, is going to be
promising for both India and Africa, because this is where the markets
and opportunities are present.
The
Minister said that this conclave will certainly have a huge impact on
our engagements, both bilaterally and also strengthen investment
interest.
“Every single engagement today demonstrates the immense
possibilities between India & Africa. We will be able to offer new
technologies that we are working in India that will help expand trade,
commerce, business, investment & opportunities for Africa's youth,”
the minister said.
Goyal said that we believe that the destiny of nearly 3 billion people
is in our hands as India and Africa offer future opportunities that are
unparalleled.
“India has a decisive leadership today. India's
development partnership with Africa will be on terms that will be
comfortable to Africa that will liberate its potential and not constrain
its future. We want Africa to grow and prosper”, he said.
The
Minister said that Prime Minister Narendra Modi has stated our
government’s commitment to the economic resurgence of Africa.
He said
India’s experience with digital revolution to support Africa's growth,
extend education, health, spread digital literacy and quality
infrastructure could be harnessed.
Goyal said India’s Startups and
our digital innovations like UPI, ONDC etc. can benefit Africa
immensely.
The
Minister said that India is pursuing deeper engagement with several
developed countries and that India recently concluded a Comprehensive
Economic Partnership (CEPA) with UAE, and Economic Cooperation and Trade
Agreement with Australia.
We are at an advanced stage of discussion
with UK and are looking for an enhanced partnership with Canada, EU,
Israel and other nations.
Concluding
his address, Goyal said that as India enters the Amrit Kaal, it
cares not only for the prosperity of its own citizens but for every
citizen of the world.