Federation of Indian Chambers of Commerce and Industry (FICCI) in partnership with the Ministry of Commerce and Industry, Government of India organized its flagship business initiative in Africa “Namaskar Africa “on 11th -12th March 2019 at Kenyatta International Convention Centre, Nairobi City, Kenya and 14th –15th March 2019 at Aga Khan Diamond Jubilee Hall, Dar Es Salaam in Tanzania. “Namaskar Africa” is a premier platform for networking for the business communities from India and Africa.
It showcased India’s capability in sectors that are of priority for Kenya, Tanzania, and the East Africa region and created a unique business platform to explore possibilities of collaboration between companies from India and East Africa. Over 60-70 business delegation members from India showcased their products and services Agriculture and Food Processing, Education, Healthcare & Pharma, Information & Communication Technology, Infrastructure, Construction, and others.
Hon. Peter Mathuki, EABC CEO and Hon. Abdulsamad Abdulrahim, EABC Director were the keynote speaker on the general East Africa outlook and the strategic importance of the private sector at the forum in Nairobi and Dar es Salaam, respectively. In their remarks they highlighted challenges to intra-EAC Trade as Un-even application of trade regulations, Costly administrative measures and Infrastructure bottlenecks and advantages of the region as proximity to the international market, abundant resources such as mineral, oil & gas, renewable energy potential, Cashew nuts, tea coffee, cut flowers, fish and tobacco, Low labor costs and a larger market.
Main India's imports from the East African Community (EAC) in Thousand USD
Product label |
India's imports from the East African Community (EAC) |
||
Value in 2016 |
Value in 2017 |
Value in 2018 |
|
All products |
1,027,367 |
1,253,160 |
1,192,532 |
Natural or cultured pearls, precious or semi-precious stones, precious metals, metals clad . . . |
296,558 |
630,595 |
523,406 |
Edible fruit and nuts; peel of citrus fruit or melons |
198,470 |
301,495 |
224,080 |
Copper and articles thereof |
9,389 |
14,701 |
120,742 |
Edible vegetables and certain roots and tubers |
287,758 |
83,142 |
50,813 |
Coffee, tea, maté and spices |
74,412 |
56,959 |
38,417 |
Lead and articles thereof |
3,809 |
16,610 |
31,692 |
Wood and articles of wood; wood charcoal |
25,949 |
27,942 |
29,845 |
Cotton |
24,342 |
17,168 |
23,400 |
Inorganic chemicals; organic or inorganic compounds of precious metals, of rare-earth metals, . . . |
20,207 |
20,468 |
20,481 |
Aluminium and articles thereof |
5,913 |
12,866 |
18,482 |
Cocoa and cocoa preparations |
6,415 |
10,572 |
15,173 |
Ores, slag and ash |
3,158 |
2,393 |
14,221 |