India is dependent on import of pulses and edible oils due to a huge supply-demand gap. It imports 4-5 million tonnes (MT) of pulses and 13-14 MT of edible oils annually.
"Can we think of a dispensation where Indian companies can consider investing in Africa for growing pulses and oilseeds, which are in short supply in India. Similarly, African businesses can think of engaging mutually beneficial collaborators in India," Singh said at India-Africa Agribusiness Forum organised by industry body Ficci.
"I am happy to note that recently our government has taken a decision to set up a food processing cluster in Africa. I am also aware that some of the Indian companies have invested in agriculture in Africa and many are looking forward to doing so," he added.
His African counterparts, especially from Zambia, Botswana and Seychelles, evinced interest to collaborate with Indian companies in various areas of agriculture sector.
There are challenges in Zambia but they provide opportunity for solution to global food security, he added.
Echoing similar views, Botswana Agriculture Minister Patrick Ralotsia said: "Currently, entire South Africa is engulfed in drought. Africa need not reinvent the wheel. We can learn from India and address the issues of food security."
Seeking partnership with Indian companies, Seychelles Agriculture Minister Wallace Cosgrow said, "We count on India on all private sector investment. Come to Seychelles to see invest opportunities in agriculture sector."
India imports pulses from African countries, like Malawi and Mozambique. There is a huge potential to invest in Malawi, where almost 50 per cent of pulses area remains unused due to lack of irrigation, lack of seeds and technology and poverty.
Malawi is growing pulses in 3.5 lakh hectare, while it has 6 lakh hectare that can be used for pulses cultivation. Investing in Africa can help India address shortage of pulses and edible oils, a Malawi trader said.
Already, the government has procured 20,000 tonnes of pulses directly from farmers for buffer stock purpose. It has also floated two import tenders for 10,000 tonnes of tur dal.
