Creeping tiger: India's presence in Africa

Vadra, Ratna

doi:10.1504/ajesd.2016.074443

Cited by 1 publication

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“…With about 30.2 million km (11.7 million sq. ), including adjacent islands, it covers 6 per cent of the Earth's total surface area and 20.4 per cent of the total land area (Table 1) 1 (Vadra, 2016). In last two decades, the Indian government has taken major initiatives to establish strategic ties with the African Countries.…”

Section: India-africa Relations: Trade and Investmentmentioning

confidence: 99%

“…Other major Indian companies operating in Africa include Arcelor Mittal (steel products and iron mining), Essar Steel (steel products), Coal India, Vedanta Resources (copper and other metals mining), Varun Industries (rare earth minerals), Jindal Steel and Power and Apollo Tyres (Rao & Kuwonu, 2016). Apart from this, in recent years, some other Indian companies are also actively involved in commercial agriculture farming in various parts of the African countries (Vadra, 2016). There are around 80 Indian companies which have done the investment of around `113000 millions to buy huge plantations especially, in East African countries like Ethiopia, Kenya, Madagascar, Senegal and Mozambique.…”

Section: Investmentmentioning

confidence: 99%

“…According to the study of Ernst and Young, during the period 2007-2012, India invested in around 237 new projects in the continent and by this investment India has defeated China's investment in 152 projects. In fact, three Western countries-the USA, the UK and France-were the only ones to surpass India in this regard (Vadra, 2016).…”

Section: Capacity Building and Infrastructure Developmentmentioning

confidence: 99%

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India’s Grants and Investments in Africa

Singh

2015

International Studies

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In the contemporary era, the world has become integrated and multi-polar. In this process, many emerging economies and developing countries have shifted their economic interest from west to east and north to south. It has built the ‘rise of the south’ and expanding south–south economic collaboration, most importantly in trade and investment. India and Africa had cordial ties throughout the centuries; especially during the period of cold war era and in the fight against the colonialism and imperialism. During this period, both the regions have played an important role to protect and promote their mutual benefits. In this sphere, we can also see that the geographical state of affairs has played an important role to bridge the gap between the two regions. The contemporary period of liberalization, privatization and globalization has eliminated the boundary and space between the regions. In such a situation, it is significant to study the relations between the emerging economies—India as a ‘country’ and Africa as a ‘continent’ in terms of trade and investment. This article has tried to examine the nature of economic relations between the two regions and in this process, it has tried to track out the challenges and opportunities which are available in front of these two regions. This article has also evaluated the initiatives taken by both the regions.

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Section: India-africa Relations: Trade and Investmentmentioning

confidence: 99%

Section: Investmentmentioning

confidence: 99%

Section: Capacity Building and Infrastructure Developmentmentioning

confidence: 99%

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