(MENAFN) India eyes boosting investment in industrial, economic and social sectors of Africa as the semi-continent tries to ramp up development to lessen poverty, Khaleej Times reported.
Indian investment in Africa is estimated to be over USD35 billion in the last decade as India has provided more than USD6.7 billion in concessional lines of credit for African countries.
India's partnership is associated with Africa's own development priorities and trade, which has grown 31 percent annually between 2005 and 2011 and is now estimated to be over USD72 billion.
"Scaled-up investments in infrastructure, both economic and social, as well as in productive capacity for industrial development are needed," a counselor at India's UN Mission said.
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