Updated on 19 August 2016
PM Narendra Modi
Prime Minister Narendra Modi's four-nation African tour this past July went on to grab most of the industry's attention. His five-day visit to the African continent started with Mozambique, and then over to South Africa and Tanzania, and ended in Kenya. During his visit he met with key state heads of the 4 African countries, including political and business leaders. Agri-Biotech, innovation, science and technology, and medical equipments space were on the Minister's cards.
"...... the economic agenda of the visit was high on the priority of my delegation and I. In all the 4 nations I went, ways to deepen our economic cooperation and improve trade ties were comprehensively discussed," Mr Modi wrote in his official LinkedIn blog.
The Prime Minister's first visit to Mozambique ended in a fruitful culmination, with Mr Modi seeing ‘a great scope for wide range of economic cooperation' between the nations.
He said that India's needs and Mozambique's strengths perfectly complement each other. He emphasized the need in fast-tracking cooperation between the two countries in the area of Agriculture and Food Security. Mr Modi also pointed about possible collaborations in the Healthcare space. "There is a rich potential to deepen cooperation in skill development and healthcare as well," he said.
In his visit to South Africa, Agriculture again, took the centre stage between the 2 countries' economic and collaboration opportunities. Clean energy and greener ways towards progress was also emphasized. Mr Modi stated, "India with its huge domestic market offers massive opportunities for food processing industry. Our collaboration in this sector will bring value for our farmers and our villagers."
According to World Trade Organization's (WTO) calculations based on UN COMTRADE data, there has been an increase in the share of high technology exports to Africa to 13.8% in 2011 compared to 10.9% in 2001, led by exports of pharmaceuticals, electronics and communication equipments.