African Union granted permanent G20 membership
ECONOMY & POLICY

African Union granted permanent G20 membership

Under India's G20 presidency, a significant milestone was achieved as the African Union officially became a permanent member of the influential global economic forum, marking the first expansion of the G20 since its establishment in 1999. All G20 member countries, following Prime Minister Narendra Modi's proposal, unanimously accepted the African Union's inclusion, solidifying its position alongside other major world economies.

In his opening remarks at the G20 Summit, Prime Minister Modi invited Azali Assoumani, President of the Union of Comoros and Chairperson of the African Union, to join the distinguished gathering, making the 55-member African Union the second multinational entity, after the European Union, to gain permanent membership in the G20.

Modi emphasised the spirit of 'sabka saath' (with everyone), highlighting India's proposal for the African Union's permanent membership. He expressed gratitude for the consensus, and amidst applause from global leaders, invited the President of the African Union to join the high table.

The Prime Minister's Office lauded this achievement as an important step towards a more inclusive G20, aligning with the aspirations of the Global South. India's commitment to the African continent was reiterated, as Modi emphasised that including all voices in global affairs is essential for the success of any future plan for the planet.

The G20 Summit's theme, "Vasudhaiva Kutumbakam – One Earth, One Family, One Future," reflects India's cultural ethos and its dedication to inclusive growth, digital innovation, climate resilience, and equitable global health access, particularly benefiting developing nations.

The African Union, with its 55 member states, collectively possesses a GDP of nearly Rs 250 billion and a population of around 1.4 billion. This historic inclusion underscores India's leadership in promoting global collaboration and recognising the importance of representing the voices of all nations in shaping the world's future.

Under India's G20 presidency, a significant milestone was achieved as the African Union officially became a permanent member of the influential global economic forum, marking the first expansion of the G20 since its establishment in 1999. All G20 member countries, following Prime Minister Narendra Modi's proposal, unanimously accepted the African Union's inclusion, solidifying its position alongside other major world economies.In his opening remarks at the G20 Summit, Prime Minister Modi invited Azali Assoumani, President of the Union of Comoros and Chairperson of the African Union, to join the distinguished gathering, making the 55-member African Union the second multinational entity, after the European Union, to gain permanent membership in the G20.Modi emphasised the spirit of 'sabka saath' (with everyone), highlighting India's proposal for the African Union's permanent membership. He expressed gratitude for the consensus, and amidst applause from global leaders, invited the President of the African Union to join the high table.The Prime Minister's Office lauded this achievement as an important step towards a more inclusive G20, aligning with the aspirations of the Global South. India's commitment to the African continent was reiterated, as Modi emphasised that including all voices in global affairs is essential for the success of any future plan for the planet.The G20 Summit's theme, Vasudhaiva Kutumbakam – One Earth, One Family, One Future, reflects India's cultural ethos and its dedication to inclusive growth, digital innovation, climate resilience, and equitable global health access, particularly benefiting developing nations.The African Union, with its 55 member states, collectively possesses a GDP of nearly Rs 250 billion and a population of around 1.4 billion. This historic inclusion underscores India's leadership in promoting global collaboration and recognising the importance of representing the voices of all nations in shaping the world's future.

Next Story
Real Estate

Della, Hiranandani & Krisala unveil Rs 11 billion themed township in Pune

In a first-of-its-kind initiative, Della Resorts & Adventure has partnered with Hiranandani Communities and Krisala Developers to develop a Rs 11 billion racecourse-themed township in North Hinjewadi, Pune. Based on Della’s proprietary CDDMO™ model, the hospitality-led, design-driven project aims to deliver up to 9 per cent returns—significantly higher than the typical 3 per cent in residential real estate.Spanning 40 acres within a 105-acre master plan, the mega township will feature an 8-acre racecourse and international polo club, 128 private villa plots, 112 resort residences, a ..

Next Story
Real Estate

Hansgrohe unveils LavaPura Element S e-toilets in India

Hansgrohe India has launched its latest innovation, the LavaPura Element S e-toilet series, introducing a new standard in hygiene-focused, smart bathroom solutions tailored for Indian homes and high-end hospitality spaces.Blending German engineering with minimalist aesthetics, the LavaPura Element S combines intuitive features with advanced hygiene technology. The series is designed for easy installation and optimal performance under Indian conditions, reinforcing the brand’s focus on functional elegance and modern convenience.“With evolving consumer preferences, smart bathrooms are no lon..

Next Story
Infrastructure Urban

HCC Net Profit Stands at Rs 2.28 Billion for Q4 FY25

Hindustan Construction Company (HCC) reported a standalone net profit of Rs 2.28 billion in Q4 FY25, a sharp increase from Rs 388 million in Q4 FY24. Standalone revenue for the quarter stood at Rs 13.30 billion, compared to Rs 14.28 billion in Q4 FY24. For the full fiscal year, the company reported a standalone net profit of Rs 849 million, down from Rs 1.79 billion in FY24. Standalone revenue for FY25 was Rs 48.01 billion, compared to Rs 50.43 billion in the previous year.Consolidated revenue for Q4 FY25 stood at Rs 13.74 billion, and for FY25 at Rs 56.03 billion, down from Rs 17.73 billion i..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Talk to us?