Tuesday, April 8, 2008
India to increase investment in Africa
India has announced plans for substantial investment in Africa in an attempt to become more prominent on the continent. India is also doubling its credit lines to African national and regional organizations according a story from the Associated Press.
China already has a major investment level in Africa and is growing their trade with the region by double digit annual increments.
Most of the world sees Africa as the next “China”. In other words, they see the continent as the growth vehicle for manufacturing into the middle of the century.
North and South America lag behind in recognizing the potential of Africa’s growth and developing a strategy for growth in the region.
India has announced plans for substantial investment in Africa in an attempt to become more prominent on the continent. India is also doubling its credit lines to African national and regional organizations according a story from the Associated Press.China already has a major investment level in Africa and is growing their trade with the region by double digit annual increments.
Most of the world sees Africa as the next “China”. In other words, they see the continent as the growth vehicle for manufacturing into the middle of the century.
North and South America lag behind in recognizing the potential of Africa’s growth and developing a strategy for growth in the region.
Labels: Business, News, Regional
¶ 4/08/2008
