Vice President Hamid Ansari will on Friday night fly to Ethiopia to attend the golden jubilee celebrations of African Union to be held in Addis Ababa on on May 25. He will address the event and is expected to some meet prominent leaders of Africa to discuss issues of mutual benefits.
India offers assistance to Africa in institution building,infrastructure development,technical and vocational skill development. Also,Indian investors are engaged in sectors like sugar processing,textile manufacturing,pharmaceuticals and telecommunications among others.
Indian investments in the African continent since 2005 is around $47 billion,the Foreign Ministry said. Trade between India and Africa has also significantly grown,from less than $1 billion in 1991 to around $70 billion in 2012. Around 15,000 African students are pursuing academic courses,including higher studies in Indian institutions.
MEA spokesperson Syed Akbaruddin said,Our engagement with Africa has come a long way and today we have built a new template for partnership in the form of the India-Africa Forum Summit.