Dr. S. Jaishankar extends support to Africa, says 'India is betting on Africa's rise'
Indian Foreign Minister Dr. S. Jaishankar has expressed confidence in the rise of Africa, saying that the restoration of the world's balance and polarity will not be complete until the continent takes the place it deserves .
New Delhi: Minister of Foreign Affairs Dr. S. Jaishankar, while addressing the Nigeria-India Business Council (NIBC), on Tuesday extended India's support to Africa. He said that 'India is betting on the rise of Africa' and that the restoration of world balance and multipolarity will not be complete until the continent is put in its rightful place.
In his address to the Nigeria-India Business Council (NIBC), the minister said the rebalancing and reordering of a new world order will only happen if its core is economic, meaning the rise of Africa the economic rise of Africa must be. Africa.
India's confidence in Africa
He further stated: “That obviously involves choices, because it is very difficult to move up in the global order by being a market for others or simply by being a supplier of resources.”
“Africa is on the rise, and India is betting on the rise of Africa,” Jaishankar said. “Because there is, objectively speaking, “so much growing for Africa in terms of demography, in terms of resources, in terms of ambition, in terms of, increasingly, policy alignment,” India is placing its bet on the continent's rise. He stated that the future was clearly powerful and would be very different and more promising in the near future.
“We bet on Africa because… we have a shared past, not always a happy history, not between us, but between us and some other people. However, this history has greatly increased solidarity. And this solidarity today makes me state that very clearly for us, when we talk about a changing world order,” Jaishankar said.
India-Africa Partnership Sectors
He listed a number of areas where the India-Africa relationship could develop, including digital public infrastructure, green and clean growth, water, agricultural sustainability and security, and the blue economy.
The minister's speech to the NIBC marked the end of his two-country tour. He had traveled to Nigeria on Sunday after flying in from the Non-Aligned Movement (NAM) Summit in Uganda. He is the first Indian Foreign Minister to travel to Nigeria.
According to Dr. Jaishankar, Nigeria is India's most important economic partner in Africa. He also stated that the two countries do between $13 billion and $15 billion in trade annually and that New Delhi has invested about $30 billion in Nigeria.
“But having said that,” he asserted, “I would also urge you not to be complacent, to look at the potential… Indian exports in the year just completed amounted to $766 billion… and I'm sure you would too. I would certainly like it if (for) more of that share to come to Nigeria.” To build the business relationship even stronger, the governments of both countries must find constructive and practical solutions to challenges in banking, insurance, credit guarantees, air connectivity and trade arrangements, Jaishankar said.
(With input from agencies)