Govt targets $100 bn Indo-African trade in next two years

The bilateral trade between India and Africa which reached about $60 billion in 2015-16 will cross $100 billion mark in next two years owing to improvement in business environment in the country together with better infrastructure and connectivity across African continent, Union Minister Mukhtar Abbas Naqvi said at an industry event recently in New Delhi.

“Africa offers lucrative business opportunities for Indian micro, small and medium enterprises (MSMEs) across diverse sectors such as FMCG (fast moving consumer goods), mining and minerals, telecommunications, construction and others,” said Naqvi while inaugurating Indian-Africa Trade & Investment Forum summit.

“India is attracting business leaders and investors from across the globe as our Government has been able to build a conducive business environment aimed at inclusive growth,” he added.

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