India and Africa have set a target to take trade to 70 billion dollars by 2015 on the back of increasing economic engagement between the two sides. Speaking at CII's India-Africa conclave in New Delhi, Commerce and Industry Minister Anand Sharma said, huge potential is available for businessmen of both India and Africa. He said, he was sure that the target will be achieved. Speaking on the occasion, Mozambique Prime Minister Aires Bonifacio Ali invited Indian businesses to invest in Africa. Currently, trade between India and Africa stands at about USD 45 billion. Over 650 participants from more than 36 African nations, including the Prime Ministers of Mozambique and Togo, the Deputy Prime Minister of Somalia and ministers from over 19 African countries, are taking part in the conclave.
News On AIR | March 28, 2011 9:45 PM
India, Africa target $70 bn trade by 2015