+
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

Infrastructure Opportunity Outlook by IMPACCT.Info

India’s infrastructure pipeline is witnessing dynamic activity across stages — from immediate bidding to future planning. IMPACCT segments these into three categories: Immediate, 3–6 Month, and Future Opportunities, enabling businesses to identify, prepare, and participate in high-value tenders and projects across sectors.To read full article Click Here ..

Next Story
Real Estate

Glass, Reframed!

Glass façades, quintessential aesthetic building envelopes globally, have been widely adopted in India as well. But when the focus is high-performance building systems that deliver energy efficiency, comfort and architectural identity, glass isn’t the only preference. Combination solutions, involving glass and some other material, improve façade outcomes. Some combinations come at comparable prices, some at a higher price. Here is a selection of performance-oriented solutions...To read the full story Click Here ..

Next Story
Infrastructure Urban

Beyond Building Faster

India’s cities are expanding at an unprecedented pace, bringing new infrastructure and development opportunities while also intensifying challenges around mobility, public spaces, liveability and supporting infrastructure. The question, therefore, is not simply whether India can build faster, but whether it can build cities that work better.At a CW webinar, Are We Designing Better Cities – or Just Building Faster?, moderator Ar. Samir Shaikh, Founding Principal, AR&UD Studio, brought together perspectives from design, development, master planning and technology...To read the full artic..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

SPECIAL OFFER
QR Code