Ludhiana, March 30, 2013: The Africa Conclave-2013, a national level event which is, by for one of the most unique and exclusive of its kind is set to take place on April 5 at CICU Complex, Ludhiana. The objective of this programme is to strengthen the bi-lateral trade tie-ups between India and the countries of Africa continent and to build up strong trade relations and exposure of Punjab produce to increase export.
The African continent is the second fastest growing region in the world. Its GDP recorded a growth rate of 7 percent in the last decade. From a collective GDP of $1.6 trillion in 2008,its GDP is set to grow to $2.6 trillion by 2020. India and Africa have witnessed a five-fold increase in their trade volume in the past seven years at $65 billion and are aiming to take it to $100 billion by 2015, up from earlier planned $90 billion target. In 2011-12, export from Africa to India stood at $43 billion, and imports from India stood at $23 billion, with Africa’s export being double those of India. This program will provide a platform for improvising strategy to register significant boost for export to and import from African continent.
The response to this first of it’s kind Conclave in Ludhiana, which is a bustling industrial hub is overwhelming as ten Ambassadors and High Commissioners of African Countries in India representing Algeria, Kenya, Morocco, Namibia, Niger, Rwanda, South Sudan, Egypt, Ethiopia and Saudi Arabia have confirmed their participation in this grand event. Key individuals engaged in Trade and Industrial activities representing exporters and importers, manufacturers and representatives of prominent industrial bodies associated with CICU will be interacting and covering an overview of Trade and Industrial Business opportunities for mutual benefits.
Trade in Punjab region is all set to get tremendous boost due to excellent opportunities being highlighted in this programme, which will usher a golden era to support, promote, facilitate and accelerate by-lateral trade for mutual benefits.