The Corridor marries India’s brand of human resources development and capacity building with Japan’s objective of delivering quality infrastructure in the region.
IAFS-III has been a 'great leap forward' compared to our limited approach earlier. Why has India taken this major step, which requires huge deployment of human and financial resources?
At the Second India-Africa Forum Summit held in Addis Ababa, India’s relations with African countries have got a boost with the various cooperation initiatives unveiled by the Indian Prime Minister, Dr. Manmohan Singh.
The India-Africa Forum Summit is an indication of the coming of age of India’s relations with African countries. While India’s relations with African countries are time tested and historical, nevertheless in recent years this affiliation has been revitalised. Booming trade is an indication of this change. Trade has grown from US$967 million in 1990-91 to $25 billion in 2006-07 (inclusive of oil imports). This transformed relationship is driven by a number of factors.
India is all set to woo Africa at the forthcoming India-Africa Summit on April 8, 2008 in New Delhi, reflecting the continent’s growing importance to Indian foreign policy in the 21st century. The Summit comes more than a year after China organised a similar event at Beijing in November 2006.
India’s New Initiative in Africa: The Asia–Africa Growth Corridor
The Corridor marries India’s brand of human resources development and capacity building with Japan’s objective of delivering quality infrastructure in the region.