NAMASKAR AFRICA: BOOSTING INDIA AND EAST AFRICAN TRADE TIES

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