The minister noted that India ranks among the top five investors in Africa, with cumulative investments exceeding US$75 billion between 1996 and 2024. He highlighted India’s development partnership with Africa, which includes more than US$12 billion in concessional credit, US$700 million in grant assistance, and 50,000 scholarships for African youth.
Singh underlined that Africa remains a central pillar of India’s foreign policy, recalling the African Union’s admission as a permanent member of the G20 during India’s presidency. He invited African nations to strengthen cooperation on climate and clean energy.
Marking two decades of steadily expanding trade, Singh emphasised that minerals, critical resources, agriculture, education, healthcare, and capacity building will remain key drivers of future engagement. He stressed that the milestone of US$100 billion in trade reflects the growing partnership and shared ambition to accelerate economic ties between India and Africa.
(TV Brics)
