Modi tunes into African beat and speaks of dreams of one-third of humanity

India-Africa Forum Summit inaugurated in Delhi, India extends credit and committed to cooperation

GN Bureau | October 29, 2015


#African   #India Africa   #Forum Summit   #Prime minister Narendra Modi   #India-Africa Forum Summit   #Africa  


Prime minister Narendra Modi on Thursday claimed that the meeting of the leaders of two nations in Delhi shows that the "dreams of one-third of humanity have come together under one roof."

Inaugurating the India-Africa Forum Summit today in Delhi he said “it is not just a meeting of India and Africa. Today, the dreams of one-third of humanity have come together under one roof. The heartbeat of 1.25 billion Indians and 1.25 billion Africans are in rhythm."

He said that the future belongs to India and Africa and emphasised on the importance of youth. “Two third of India and Africa is under the age of 35. And, if the future belongs to the youth, then this century is ours to shape and build,” he said.

“Africa and India are two bright spots of hope and opportunities in the global economy,” Modi said in his speech to the heads of 54 African countries at the summit.

The Prime Minister announced a concessional credit of $10 billion over the next five years for Africa. Modi also offered a grant assistance of $600 million which will include India-Africa Development Fund of $100 million and India-Africa Health Fund of $10 million.

New Delhi has worked hard to showcase its commitment to Africa’s economic rise and historic friendship with African nations -- with some thinly veiled jabs at China -- as it vies for a greater share of the continent’s natural resources.

India’s economic presence in Africa is dwarfed by China, whose bilateral trade with the continent topped $200 billion last year -- more than the GDP of the 30 smallest African economies combined.

Africa primarily exports raw materials to India, including precious metals, gemstones and oil, which are then processed into goods such as cut diamonds or refined petroleum products.

Highlights of Modi’s speech:

* Fabric of this world is richer because of the 54 sovereign flags of Africa.

* It is not just a meeting of India & Africa. Today, the dreams of one-third of humanity have come together under one roof.

* The heart beat of 1.25 billion Indians & 1.25 billion Africans are in rhythm.

* 2/3rd of India & Africa is under the age of 35. And, if the future belongs to the youth, then this century is ours to shape & build.

* Africa's economic growth has gathered momentum and has a more diversified base.

* Africa's sports, art and music delight the entire world.

* Africa is now joining global mainstream of innovation.

* We have formed a partnership of prosperity among ourselves.

* Africa and India are two bright spots of hope and opportunity in the global economy.

* India honoured to be a development partner of Africa. Partnership beyond strategic concerns and economic benefits, it is formed on emotional bonds.

* India and Africa must speak in one voice for reforms of the United Nations, including its Security Council.

* In the last three years alone, nearly 25,000 young Africans have been trained and educated in India. They are the 25,000 new links between us.

* India has committed 7.4 billion dollars in concessional credit and 1.2 billion dollars in grant since the first India-Africa Summit in 2008. It is creating 100 capacity building institutions, and developing infrastructure, public transport, clean energy, irrigation, agriculture and manufacturing capacity across Africa.

Comments

 

Other News

3% of medicines are of poor quality: Survey

 More than three percent of medicines in India are ‘Not of Standard Quality’ (NSQ) and 0.0245 percent spurious, reveals a survey report on drugs quality by the ministry of health.  The survey carried out by National Institute of Biologicals (NIB), Noida found that out of the

BEL unveils new weapon system for MBT Arjun tank

 Bharat electronics limited (BEL) has launched a new weapon control system — Remote Controlled Weapon Station (RCWS) / Air Defence Weapon Station (ADWS) for 12.7 mm gun of MBT Arjun Mk II battle tank during recently concluded Aero India 2017 in Bengaluru. The new weapon control system

Sasikala camp in talks with OPS faction

 The Sasikala camp is in talks with the O Panneerselvam (OPS) faction and they are trying to win them over, says an AIADMK insider. Negotiation have started between the main AIADMK, which is with Sasikala, and the splinter group that is supporting former chief minister OPS. The party insider

Stories to read over the weekend

On October 1 last year, Mehtab Alam Ansari, 30, who worked as a tailor in Delhi, had arrived in his village, Chepa Khurd in Barkagaon tehsil of Harazibagh district, to celebrate Eid with his family. That morning, he was nearing Dadi Kalan, a neighbouring village, to meet an acquaintance when he hea

ONGC to invest of Rs 7,327 cr for five projects

  State run enterprise oil and natural gas corporation limited (ONGC) has decided to invest Rs 7,327 crore to develop five projects to produce oil and gas. The decision was taken in its 290th board meeting held on February 23. The projects include development of R-Series fields, incl

Shiv Sena may again ally with BJP

The civic election results could well have long term implications in Maharashtra’s politics, with the Bharatiya Janata Party (BJP) doing dramatically well and the Shiv Sena failing to get a simple majority.   The Shiv Sena won 84 seats, while the BJP bagged 82 seats. Th

Video

Digital Transformation Summit

Current Issue

Opinion

Facebook    Twitter    Google Plus    Linkedin    Subscribe Newsletter

Twitter