India and Africa: Picking Up the Pace of Trade and Investment
On March 25 – 27 March 2015, the third annual meeting of The Growth Net will be held in New Delhi, India. Convened by Smadja & Smadja and Ananta Centre, the event is a one-of-a-kind platform for companies from emerging economies to come together and discuss ways to “boost the business, trade, [and] financial linkages” amongst their respective countries, recent trends and developments in legal and regulatory frameworks, and other issues relevant to commercial success and economic development. In particular, this year’s conference will examine how companies develop and nurture skills relevant to their sectors, how companies develop strategies that generate comparative advantages and economies of scale, and how investment decisions are reached in a timely manner in new environments.
As part of The Growth Net’s focus on South-South cooperation, considerable attention is given to the African market and the role of companies from India seeking to enter or expand their presence there. This focus is unsurprising. A recent study found that India has the potential to quadruple its Africa-based revenue to $160 billion by 2025 through a focus on strategic sectors, such as information and communications technology, agriculture, infrastructure, pharmaceuticals and consumer goods.
Between now and the commencement of this year’s The Growth Net, Cov Africa will run a series of blogs that examines this India-Africa commercial nexus. This series will highlight the most promising sectors in Africa for Indian companies and discuss the opportunities and challenges of entering one of the most dynamic regions of the global economy.