India, Africa to discuss projects worth $12 bn at CII-EXIM Bank conclave

India, Africa to discuss projects worth $12 bn at CII-EXIM Bank conclave
PTI
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First Published: Sun, Mar 22 2009. 06 14 PM IST
Updated: Sun, Mar 22 2009. 06 14 PM IST
New Delhi: India and Africa are likely to discuss various projects worth $12 billion in agriculture, mining and other sectors at the CII-EXIM Bank conclave, which would start here on Monday.
The three-day conclave on India-Africa Project Partnership would start here tomorrow and over 400 delegates representing government bodies and businesses from Africa will discuss opportunities for project partnerships worth $12 billion.
“India and Africa are making a joint bid to tune the current global economic uncertainty into an opportunity for business partnerships for establishing long-term business partnerships,” CII said in a statement.
The discussion would be on projects in the mining, agriculture and agro-processing sectors among others, CII said.
During the conclave held last year, the two side had discussed projects worth over $10 billion, CII said.
external affairs minister Pranab Mukherjee would release a CII publication on the second day of the conclave.
India’s trade with Africa was at $51 billion in 2007 while it was about $7 billion in 1997.
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First Published: Sun, Mar 22 2009. 06 14 PM IST