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India-Africa Trade Handshake – The TGI Story


India-Africa Trade Handshake – The TGI Story
TGI is a very good example of how a mutually beneficial relationship between Africa and India works.Premium
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As India deepens its trade volumes in Africa and fast becoming Africa’s second most important trading partner after China, an inevitable handshake is happening concurrently, with Africa’s trade volumes from India also growing. As “development partners , most African countries and India have shown enthusiasm in the enhancement of bilateral relations through development cooperation, capacity building, economic and technological initiatives, for mutually beneficial outcomes.
According to Afrexim Bank and EXIM India,“Bilateral trade has risen over 10-fold from US$7.2 billion in 2001 to about US$78 billion in 2014, before moderating to about US$59.9 billion in 2017, reflecting the commodity and oil price decline at the end of the commodity super-cycle… ....

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