1. PM Narendra Modi: Strengthening relations with Africa a priority, have achieved remarkable progress

PM Narendra Modi: Strengthening relations with Africa a priority, have achieved remarkable progress

"For the most recent African Development Fund replenishment, India pledged twenty nine million dollars. We have contributed to the Highly Indebted Poor Countries and Multilateral Debt Reduction Initiatives," he added.

By: | New Delhi | Updated: May 23, 2017 10:29 PM
African Development Bank, African Development Bank meet, Arun Jaitley, India and Africa partnership, African Development Bank in Gujarat, Narendra Modi, PM Modi, AfDB, bilateral ties “As a founder of the New Development Bank, popularly called the “BRICS bank”, India has consistently supported establishment of a Regional Centre in South Africa,” Modi said.(Image: ANI)

Prime Minister Narendra Modi on Tuesday said that India’s partnership with Africa is based on a model of cooperation which is responsive to the needs of African countries. Modi, speaking at the 52nd annual meet of African Development Bank meet, highlighted India’s contribution for the development of Afican banking sector and economy. “As a founder of the New Development Bank, popularly called the “BRICS bank”, India has consistently supported establishment of a Regional Centre in South Africa. This will provide a platform to promote collaboration between NDB and other development partners including the African Development Bank,” Modi said. “India joined the African Development Fund in 1982 and the African Development Bank in 1983. India has contributed to all of the Bank’s General Capital Increases. For the most recent African Development Fund replenishment, India pledged twenty nine million dollars. We have contributed to the Highly Indebted Poor Countries and Multilateral Debt Reduction Initiatives,” he added.

Tweeting later in the evening, PM Modi said, “Since our Government assumed office, strengthening relations with Africa has been a priority & we have achieved remarkable progress in that,” Modi tweeted. “Spoke on India-Africa links be it in energy, culture, education, IT & other areas which illustrate our dynamic & vibrant relationship. India-Africa economic ties are getting better & this isn’t confined to Governments only. Role of the private sector is also noteworthy,” he said in a series of tweets.

Earlier in the morning, while addressing the gathering, PM said, “Since our Government assumed office, strengthening relations with Africa has been a priority and we have achieved remarkable progress in that”. The prime minister further spoke on issues related to energy, culture, education, and IT sectors of two countries. He added that role of the private sector in terms of Africa’s growth is also noteworthy. Modi, hailing the rich cultural ties between India and Africa, said, “Historically, communities from western India, especially Gujarat, and the eastern coast of Africa have settled in each other’s lands. The Siddhis of India are said to have come from East Africa. The Bohra communities in coastal Kenya date back to the twelfth century. Vasco da Gama is said to have reached Calicut with the help of a Gujarati sailor from Malindi.”

“The dhows of Gujarat took merchandise in both directions. Ancient links between societies have also enriched our cultures. The rich Swahili language includes many Hindi words,” Modi added.

The PM told the summit that he has visited six African Countries, South Africa, Mozambique, Tanzania, Kenya, Mauritius and Seychelles. Modi also highlighted the number of credits extended to African countries. “As one plank of this cooperation, India extends lines of credit through India’s Exim Bank. 152 credits have been extended to 44 countries for a total amount of nearly 8 billion dollars,” Modi said.

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