Tuesday, 20 October 2015

African agriculture an opportunity for Indian investors

A report by the international accounting firm KPMG has said agricultural growth in Africa has failed to reach its potential and there was need for a concerted effort at improving techniques, markets and access to credit for small farmers. The report notes that the "Potential for growth in the agricultural sector on the continent is huge," and also underlines the need for government policies to attract foreign investment to spur commercial agriculture and increase value added. KPMG said the Indian government was determined to achieve a target of $70 billion in trade with Africa and one way this could be achieved is through India's investments in agriculture.