He said India is looking forward to work with Africa in a significant way with priorities in economy development.
There is a tremendous possibility of India and Africa working together specially in increasing agriculture production and industrialisation, Prabhu said at the Assocham event.
There are various means of cooperation like government to government, private to private and also government with private players, he said, adding that the government was committed to make sure that Africa becomes a close ally of India in terms of development is concerned as both are going to be the fastest growing economy in the world.
Referring to the upcoming India-Africa summit, Prabhu said "Our Prime Minister has invited all African leaders to visit and we are having India-Africa summit. This will be the largest congregation of world leaders coming to India from a continent which has very good relation with India."
Representatives from 54 African nations, including heads of state of some 40 countries, and the powerful African Union are expected to participate in the four-day summit beginning October 26.
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors


Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share


Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor


Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements


Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app
