India Prioritizes Development in Africa Over Resource Extraction
Why in the news?
At the Japan-India-Africa Business Forum, EAM S. Jaishankar highlighted India’s development-focused approach in Africa, emphasizing capacity-building, infrastructure investment, and technology transfer over resource extraction, with USD 100 billion trade and USD 12 billion investment in key sectors.
India’s Commitment to Africa’s Growth:
- External Affairs Minister S. Jaishankar reaffirmed India’s focus on capacity-building, skill development, and technology transfer in Africa rather than extractive models.
- Speaking at the Japan-India-Africa Business Forum, he emphasized India’s long-term, sustainable partnerships with Africa.
- Bilateral trade between India and Africa has reached nearly USD 100 billion, with infrastructure and connectivity projects worth over USD 12 billion.
Expanding Economic & Strategic Partnerships
- India is Africa’s fourth-largest trading partner, actively investing in sectors like railways, power, agriculture, and water supply.
- Over 200 infrastructure projects have been completed, creating local employment and enhancing living standards in Africa.
- India and Japan share a common vision for engaging with Africa based on democratic values, freedom, and the rule of law.
- Collaboration extends to infrastructure, technology, healthcare, and education, with India-Japan cooperation further strengthened within QUAD.
Global South & Future Collaborations
- Jaishankar stressed the importance of amplifying the voice of emerging economies in global decision-making.
- India played a key role in securing the African Union’s permanent G20 membership.
- Initiatives like FIPIC, the India-Africa Forum Summit, and high-impact development projects support Africa’s growth.
- E-learning & telemedicine programs (e-VidyaBharti, e-ArogyaBharti) have benefited students from 19 African countries.
- India, Japan, and Africa’s combined strengths in investment, industry, and digital capabilities can drive sustainable and inclusive development.