Home / Knowledge / News / Textiles / India-Africa trade growth rate over 30 per cent since 2005
India-Africa trade growth rate over 30 per cent since 2005
01
Dec '17
India-Africa trade growth rate over 30 per cent since 2005
The total trade between India and Africa has grown at a rate of over 30 per cent since 2005, ambassador of Eritrea to India Alem T Woldemariam, who is also the dean of African Head of Missions in India, told the 9th edition of the annual event ‘I for Afrika’ of the Indo-African Chamber of Commerce and Industry organised in Mumbai last month.

The three-day event was organised from 13 to 15 November with Zimbabwe as the partner country. The focus sectors this year were agriculture, education, information technology, pharmaceuticals and healthcare.

The ‘I for Afrika’ initiative is aimed at nurturing entrepreneurship in Africa and support growth of small and medium enterprises, chamber president KL Daga told the gathering.

Africa aspires to raise its agricultural output from $280 billion in 2010 to $880 billion by 2030 and its gross domestic product is projected to reach $2.6 trillion by 2020, Sunanda Rajendran, secretary general of the chamber said. (DS)

Fibre2Fashion News Desk – India


Must ReadView All

Top 15 US fashion brands are collectively worth $70 bn

Fashion | On 22nd Jul 2018

Top 15 US fashion brands are collectively worth $70 bn

The top 15 American fashion brands are collectively worth close to...

Courtesy: Covestro

Textiles | On 22nd Jul 2018

Covestro's new products for waterproof textile coating

Covestro, which is among the largest polymer companies, has unveiled...

Evogene, IMAmt to work together in insect resistance

Textiles | On 22nd Jul 2018

Evogene, IMAmt to work together in insect resistance

Evogene, a leading biotechnology company developing novel products...

Interviews View All

Sanjay Yagnik
Maa Tex Speciality

‘We suggest reducing dosage of sizing chemicals to reduce sludge...

Manfred Mentges
Sedo Treepoint GmbH

We see a higher demand in colour management systems, as customers see big...

Representatives
Textile & apparel industry

GST is a complicated and lengthy process

Suresh P Bagrecha

Komal Texfab, founded in 1981, is into manufacturing of knitted fabrics,...

Sugandha Bhardwaj

<div>New Delhi-based Brinjal Designs Pvt Ltd manufactures home furnishing...

Erik Sy

Manila-based CustomThread is a start-up offering premium custom apparel...

Kai Poehler
Voith Paper GmbH & Co. KG

The glass mat industry is growing by five to eight per cent annually. Kai...

Steve Cole
Xerium Technologies

Steve Cole of Xerium Technologies discusses the industry. Xerium is the...

Paolo Ocleppo
Sandvik Hyperion

Paolo Ocleppo, Rotary Cutting Segment manager, Sandvik Hyperion discusses...

Adriano Goldschmied
AG Jeans

The hype around 'designer jeans' was created by him. And the new wave of...

Yash P. Kotak
Bombay Hemp Company

One of the directors of Bombay Hemp Company, Yash P. Kotak, speaks to...

Divvya and Nidhhi Gambhir
Walnut

<b>Divvya and Nidhhi Gambhir</b> started their career with the launch of...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

Leave your Comments


July 2018

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

news category


Related Categories:

Advanced Search