India promotes collaborative partnerships for sustainable growth in Africa's mineral sector.
At the 20th CII India-Africa Business Conclave in New Delhi, Sevala Naik Mude, Additional Secretary in India’s Ministry of External Affairs, emphasized India’s commitment to fostering collaborative partnerships in Africa’s mineral sector, advocating for local value addition rather than mere resource extraction. With trade between India and Africa having surged to over USD 100 billion, India has positioned itself as the fifth-largest investor in the continent, focusing on sustainable industrial growth through joint ventures and technology transfer. This approach highlights a strategic shift towards mutual economic empowerment, aligning with India’s goals for clean energy and industrial development while respecting Africa’s sovereign rights. Mude’s vision underscores the importance of fostering equitable partnerships that promote long-term benefits and skill development across Africa.
