India fourth largest greenfield projects investor in Africa: Arun Jaitley

India fourth largest greenfield projects investor in Africa: Arun Jaitley

Highlighting Indian investors’ growing presence in Africa, union finance minister Arun Jaitley said in terms of greenfield projects, India was now the fourth largest investor in Africa with 45 projects.

Jaitley, while speaking at African Development Bank (AfDB) 52nd annual meeting being held at Mahatma Mandir in Gandhinagar on Monday, a day ahead of a formal inauguration by Prime Minister Narendra Modi.

“India-Africa co-operation is not a one-off event but part of a strategic policy over last several years. The present government has provided fresh impetus to these efforts. India’s share of announced greenfield projects grew from 3.3 per cent in 2003-08 to 6.1 per cent in 2009-15. During the same time, China’s share fell from 4.9 per cent to 3.3 per cent. India is amongst the most important emerging investors in Africa. In terms of greenfield projects, India was fourth largest investor with 45 projects in 2015 after the US, the UK, and the UAE,” said Jaitley. Read more

Credits:business-standard.com

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