New Delhi: In the backdrop of increasing incidents of hijacking of ships off the Somalian coast, India on Monday sought enhanced cooperation with the African nations to check the menace.
External Affairs Minister Pranab Mukherjee said it was India’s desire to continue to enhance cooperation and dialogue with African nations on “crucial global concerns” including “jihadi terrorism and marine piracy”.
“It is our desire that on crucial global concerns like climate change, food and energy security, health, jihadist terrorism, marine piracy and democratisation of international institutions we continue to enhance our cooperation and dialogue,” he said addressing the India-Africa Business Partnership Summit here.
Mukherjee said India has committed to more than double the amount on the Lines of Credit to $5.4 billion for the five year period beginning 2008-09.
He stressed on the need to “vacate in a hurry” impediments to trade and investment to boost economic ties across various sectors including railways, road and construction, healthcare and pharma, power, mining and agriculture.
India has already announced “duty-free preference scheme” for least developed countries, including 34 African nations, which covers 94% of the total tariff lines extended by New Delhi.
Mukherjee said $500 million will also be provided over the next five to six years for projects in critical areas from the Aid to Africa budget.