The third edition of the four day India Africa Forum Summit kick started on 26th and will go on till the 29thof October 2015.
On the side lines of this event CII and KPMG released a report which brings out the mutual strengths of both the regions. The report identifies collaboration in the key sectors namely Infrastructure, Energy and Natural Resources, Agriculture, Healthcare. This report reads that India is well placed to tap the growing potential of the infrastructure sector in African countries such as Ghana, Nigeria, Kenya, Tanzania, South Africa and Botswana. This is because of similar cultural influences, strong entrepreneurship talent and cost-effective operating models. Africa has many oil and gas reserves and an increasing reliance on renewable sources along with untapped potential in the power sector makes it exciting for Indian investors to invest in this sector .
Africa’s agriculture and healthcare sector is endowed with ample opportunities for the Indian companies.
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