India-Africa Trade Target Set at $200 Billion by 2031, Says Piyush Goyal
ECONOMY & POLICY

India-Africa Trade Target Set at $200 Billion by 2031, Says Piyush Goyal

India and Africa are set to significantly strengthen their economic ties, with Trade and Commerce Minister Piyush Goyal advocating for a target of $200 billion in trade over the next seven years. This ambitious goal underscores the commitment of both regions to enhance bilateral trade and investment.

Goyal emphasised the vast potential for growth in trade relations between India and Africa, highlighting the diverse opportunities available in sectors such as technology, infrastructure, and renewable energy. The proposed target aims to build on the existing trade volume and explore new avenues for collaboration.

The initiative is expected to foster deeper economic integration and mutual benefits for both India and African nations. It aligns with broader strategic goals to increase trade volumes and enhance economic cooperation on a global scale.

By setting this target, both regions are positioning themselves to capitalise on emerging market opportunities and drive sustained economic growth. The focus will be on leveraging existing partnerships and exploring new areas for investment, contributing to a more robust and diversified economic relationship.

India and Africa are set to significantly strengthen their economic ties, with Trade and Commerce Minister Piyush Goyal advocating for a target of $200 billion in trade over the next seven years. This ambitious goal underscores the commitment of both regions to enhance bilateral trade and investment. Goyal emphasised the vast potential for growth in trade relations between India and Africa, highlighting the diverse opportunities available in sectors such as technology, infrastructure, and renewable energy. The proposed target aims to build on the existing trade volume and explore new avenues for collaboration. The initiative is expected to foster deeper economic integration and mutual benefits for both India and African nations. It aligns with broader strategic goals to increase trade volumes and enhance economic cooperation on a global scale. By setting this target, both regions are positioning themselves to capitalise on emerging market opportunities and drive sustained economic growth. The focus will be on leveraging existing partnerships and exploring new areas for investment, contributing to a more robust and diversified economic relationship.

Related Stories

Gold Stories

Next Story
Infrastructure Urban

Vedanta Metal Bazaar Expands to Global Markets

Vedanta Aluminium has expanded its digital e-commerce platform, Vedanta Metal Bazaar, to international markets, enabling overseas customers to order and purchase aluminium products online.The platform will now be available to buyers across Asia, Europe, Africa and the Americas, providing a digital gateway for export transactions with 24x7 access.In FY26, Vedanta Metal Bazaar processed transactions worth nearly $4.1 billion, or over Rs 380 billion, and fulfilled more than 23,000 orders. The platform is also used regularly by more than 550 MSMEs in India alongside large OEM customers.The export ..

Next Story
Infrastructure Urban

Ramky Infrastructure Q1 FY27 Revenue Rises 24.3%

Ramky Infrastructure Limited reported a 24.3% year-on-year increase in consolidated revenue from operations to Rs 471.2 crore for Q1 FY27, compared with Rs 3.79 billion in the corresponding quarter of FY26.Standalone revenue from operations rose 27.5% YoY to Rs 4.51 billion from Rs 3.54 billion, while total standalone income increased 35% to Rs 5.32 billion.Consolidated profit before tax stood at Rs 540.9 million during the quarter. The company highlighted a sharp sequential improvement compared with a pre-exceptional loss of Rs 190.1 million in Q4 FY26.Two of the three projects awarded during..

Next Story
Technology

LTTS Launches AgenticIQ AI Platform for Engineering

L&T Technology Services (LTTS) has launched AgenticIQ, an end-to-end agentic AI platform designed for engineering and manufacturing organisations.The platform is aimed at helping enterprises move beyond isolated AI pilots by enabling autonomous, multi-agent workflows across engineering, product development, manufacturing, industrial operations and customer experience.AgenticIQ is built on LTTS’ Engineering Intelligence portfolio and converts existing engineering capabilities into specialised, reusable AI agents. Its planning-first architecture is embedded into engineering and production ..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement