Rabat – Sunday, March 17 marks the opening of the 14th CII-Exim Bank Conclave on India Africa Project Partnership, which will continue until March 19 in New Delhi.
The inaugural session is being held under the theme “India and Africa: Shaping a Global Partnership for a Better World.”
The first session agenda shows that the India-Africa Partnership has “assumed critical importance for the Global economy that is currently shackled by a slowdown, moderating trade and investment flows, growing trade protectionism and tightening financing conditions.”
Representatives will answer several questions, including whether India’s industry will be “playing a bigger Part in Africa’s manufacture renaissance,” and “how best can India partner and finance Africa’s regional infrastructure development projects.”
The conference announced that 21 African countries confirmed their participation in the working sessions of the meeting, including Morocco, Malawi, Ghana, and Kenya.
General Director of Moroccan Agency of Investment and Development (AMDIE) Hicham Boudraa is among the Moroccan delegation that traveled to India to participate in the symposium.
Morocco’s participation shows the will and determination of both India and Morocco to boost their partnership.
The participation follows an official visit from the Indian Ministry of External Affairs Sushma Swaraj at the request of the Indian Prime Minister Narendra Modi.
During her visit in February, the Indian official held several meetings with Moroccan senior officials. India and Morocco also signed four Memorandum of Understandings, including one to create a security cooperation group to combat terrorism.
India holds a special importance over the symposium, which was launched by CII in partnership with Exim Bank of India in 2005.
“Over the last thirteen editions, it has emerged as the pioneer event in building partnerships and enhancing the economic engagement between the two regions,” said the official website of the event.
In a previous statement on the event, former president of India Pranab Mukherjee said that the Conclave “has become a prestigious event for Indian and African governments and industry to meet and explore new avenues of partnerships.”
The annual symposium also convenes representatives from African countries, allowing them to “take stock of the progress of the partnership and address future needs in this regard,” the former official said.