“The trade between India and Africa reached $56.9 billion in 2015-16 from $11.7 billion in 2005-06. We expect the bilateral trade to exceed $100 billion by 2018. Apart from $10 billion line of credit promised by India to accelerate investment in Africa, according to AfDB president, automobile, power, pharmaceuticals and information and communication technology (ICT) sectors will play important role in boosting the trade”. Infrastructure, energy (especially renewable) and services are some of the sectors that Africa is looking to work with India. “The AfDB is investing heavily into infrastructure in Africa to link land locked countries to coastal nations. We are investing in ports and rails, and nobody makes better rails than India,” he added. The bank is also infusing $12 billion in the electricity space over the next five years and investments of $34 billion are further likely to be pumped in by 2025-26. “And, we expect to leverage $45-50 billion of investments by private sector” he said. AfDB has already started a $500 million fund called Facility for Energy Inclusion to provide finances access to small and medium enterprises (SMEs) in the off grid renewable energy sector. “That fund will invest anything ranging from $3 million to $30 million in companies taking up renewable energy projects, generally below 30MW of power projects,” he added. Major Export and Import Partners
South Africa continues to be the leading export destination for India as of March 2017 with total exports at $3.5 billion accounting for around 15.4 percent of India’s total exports to Africa. India’s other major export partners in 2016-17 include Kenya, Egypt, Tanzania and Nigeria. These regions together account for around 34 per cent of total Indian exports to Africa. The estimated value of imports from Nigeria to India stood at US$ 7.7 billion in March 2017, making it the top import source for India. Nigeria accounts for about 26 per cent of India’s total imports. The other major importing countries from Africa include South Africa, Angola, Ghana and Botswana. These African countries together account for about 40 per cent of India’s total imports from Africa.
Major Export Items: India’s key export in April-February 2016-2017 to Africa was petroleum products, which was around 17 per cent of the total (Figure 2). Other major export items included pharmaceutical products, vehicles other than railway or tramway, machinery and equipment, and cereals. Figure 2: Share of Top Five Exports to Africa Note: HS Codes: 27: Petroleum Products; 30: Pharmaceutical Products; 87: Vehicles & Parts; 10: Cereals; 84: Machinery and Equipment Source: Department of Commerce, Government of India
The 2018 India- Africa ICT Summit will provide podium where African and Asian Govt. officials along with ICT associate shall exchange the business interest for community enhancement by Capacity and Skill development of People in both continents. In this vision India- Africa ICT Knowledge Consortium is formed and shall be launch in Summit where leaders can establish Business networking from both nations through information sharing, generating Ideas to conquer ICT Challenges. It will help to mobilize ICT Investors in India to invest strategically in ICT Sector in Africa. The Consortium will carry on Exchange programs for ICT Scholars, ICT Investors and Best ICT Students. Annually the consortium will organize an India-Africa ICT Best Students Conference in India in which students will visit ICT Parks, ICT Companies in India, network and share ideas. During Summit, selected and nominated participants Sponsor and Exhibitors across the ICT Sector working in alliance will be awarded with The India Africa ICT Knowledge Excellency Award and The India Africa ICT Knowledge Directory shall be published. With a vision to encourage the networking and common market place for the startup and ICT Enabled Service, Companies are invited from both the nation to exhibit their work in this summit.
For the same, Organizing Committee are Inviting Sponsors, Leaders, Knowledge Think Tanker from University/College and Govt Officials from both the nation as a delegate and be a one of the Signatory of India Africa ICT Knowledge Consortium and become the founder members of the same. The benefit Leads Life time Support and Services among the both the continents with business Expansion and Consultancy.
III. SUMMIT BENEFIT & OPPORTUNITIES VICE VERSA.
ICT Knowledge consortium will be bridge for various ICT Stakeholder and investors from both nations to form the strategic alliance to fill the demand and supply gap.
ICT Stakeholder Specially Startup will get opportunities to meet African investors directly to endorsed and expand business opportunities
Sector Specific requirement generated and requisite delegation need to frame for the betterment of both the nation.
Nation face value will enforced
Bilateral relation will strengthen
Economy will be boost up
Formation of academic and industry alliances
V.STRENGTHEN & EXPANDING ITS PRESENCE IN AFRICAN NATIONS :
Make a common platform for both the nation and boost up ICT enabled Services and application
Eradication of unemployment in both countries accordance with the AAGC and Make in India Policy, NSDC, Digital India
Establish ICT Based University/College for the nation economy growth through Indian Domain Consultants
Concept Based ICT Enabled Medical facilities
Plan and enforced the mechanism like Innovate India and Atal Incubation Center
Make a Delegate Exchange Programme for ICT Enabled Services and Promotion biannually
Promote and support kinship, commerce and culture; struggle against colonialism; quest for equality, dignity and justice among all people through enforcement the mechanism of International ICT Knowledge Corridor
Empowerment, capacity building, human resource development, access to Indian market, and support for Indian investments in Africa.
Skills and Experience need to be enforced as per the demand and requirement of Current Industry.
Industries and manpower Exchange programme needed especially for ICT Enabled services.
More Post doctorate fellowship programme needed to enforced research
Technology, Skill, Experience need to exchange among Countries.
Peace and development is requirement for betterment of global infrastructure.
Sustainable agenda for the Skilled manpower need to enforced
ICT Enabled services need to enforced in problem like agri-based industries , Literacy , business expansion, data storage mechanism, Policy design and Drafting, Application development for the betterment of global Society, Infrastructure development .
Smart India policy need to exchange between both the countries
Innovate India and Innovate village policy need to frame for the betterment of African counties too.
Kenya techno polish devolvement authority/other developing counties are working on Smart City concepts and he is looking for big opportunity from Indian investors
Livelihood development policy needs to reform to face global ICT challenges.
VII.CENTER IS KEEN ADD A NEW DIMENSION TO INDIAS RELATION WITH AFRICAN NATIONS
Establishment of optimum linkages and cooperation among the sub-regions of Asia and Africa. The larger global peripheries around Asia and Africa for sustainable and innovative development we need to established and follow the AAGC indicated pillars:
Enhancing Capacity and Skills,
Quality Infrastructure and Institutional Connectivity,
Development and Cooperation projects and
People to people partnership.
VIII.ISSUE FRAMED DURING SUMMIT
Progresses in communications technologies and the “informational” of society have converged as never before in human history. Following issue to be taken up during summit i.e
Cyber issue and challenges
peace and Security through ICT,
Investment Opportunities and way forward.
Knowledge Bank formation
Mechanism to Create ICT Knowledge Corridor its application, issue and challenges.