After the meeting were held and the project partnership was done, the Commerce and Industry Minister Anand Sharma revealed that India is now working closely with Africa with its main focus to enhance co-operation and will set up educational institutions in the continent.
Mr.Sharma who addressed the CII-Exaim Bank Conclave on India-Africa Partnership said "We are committed to build India Institute of Foreign Trade campus in Uganda, and India Africa Institute of Information Technology in Ghana which India and Africa have identified as a priority sector."
He further said that almost around 50,000 Africa students are studying in India, out of which 15000 are getting Indian scholarship. "India and Africa are now engaged in different manner today then, when they were few years ago. India is building 70 institutions in Africa together," he added.
India and Africa together account for a huge market of 2.2 billion people with a combined GDP of more than US Dollar 3 Trillion. And over the years, the bilateral co-operation has diversified across several sectors such as Agriculture, Education, Health, Skill Building and Infrastructure.
According to the sources, India is Africa's largest trading partner and a significant investor across the continent. Bilateral trade touched $57 billion in 2011, and is targeted to reach $90 billion by 2015.