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Monday, 01 February 2016

India steps up to boost exports to Africa

Worried over declining exports, the Commerce Ministry has prepared a strategy to boost shipments to Africa and has identified engineering as a major sector for export to several nations of that continent. The Department of Commerce will now hold consultations with ambassadors and high commissioners of major African nations and industry stakeholders to implement that strategy, an official said. At the time of global demand slowdown, African nations including South Africa and Nigeria, are major export destinations for India, he said. "The ministry has identified several sectors as part of the strategy and engineering including agriculture and farm equipment have emerged as a major one," the official said, adding that the ministry is also engaged with the Engineering Export Promotion Council for the implementation of the strategy. Exporters body Federation of Indian Export organisations (FIEO) too said that Africa is ideally suited for engineering exports.

Source: The Statesman