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Modi pushes for Asia-Africa growth corridor with Japan

IANS  |  Gandhinagar 

Prime Minister Modi on Tuesday pushed for an Asia-Growth Corridor which involves and and said research institutions of the two countries have come up with a vision document to explore joint initiatives in skills, health, infrastructure, manufacturing and connectivity in

Modi, who inaugurated the 52nd Annual Meetings of the African Development bank (AfDB) at Mahatma Mandir here, said was working with the United States and to support development in

Modi's remarks came days after China unveiled its One Belt One Road (OBOR) initiative that seeks to connect China with major markets, including those in Africa, Europe and Central has not joined OBOR.

Modi recalled his conversation with Japanese Prime Minister Shinzo Abe during his visit to Tokyo last year and said they discussed commitment for enhancing growth prospects.

"In our joint declaration, we mentioned an Africa Growth Corridor and proposed further conversations with our brothers and sisters from Africa," he said.

Modi said Indian and Japanese research institutions have come up with a vision document in consultation with think tanks from Africa.

"I understand the vision document would be presented at the board meeting later. The idea is that India and Japan, with other willing partners, would explore joint initiatives in skills, health, infrastructure, manufacturing and connectivity," he said.

The five-day AfDB meeting will witness a special Session on India-cooperation for development of Africa.

Japan External Trade Organization (JETRO), Japan International Cooperation Agency (JICA) and Japan Bank for International Co-operation (JBIC), in cooperation with their partner organizations in India and Africa will discuss ways to promote African business through private-public partnerships between Japan and India, in order to contribute to the development of the African economy, at the special session.

During his visit to Japan last year, Modi and Abe had stressed on improving connectivity between and Africa, through realising a free and open Indo-Pacific region, stating that it is vital to achieving prosperity of the entire region.

They had also underscored the importance of India-Japan dialogue to promote cooperation and collaboration in Africa, with the objective to synergise their efforts and explore specific joint projects, including in the areas of training and capacity building, health, infrastructure and connectivity.

They expressed their intention to work jointly and cooperatively with the international community to promote the development of industrial corridors and industrial network in Asia and Africa.



(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Tue, May 23 2017. 19:52 IST